News

Greenberg continues expansion with New York hire

Dentons has lost another partner to Greenberg Traurig in New York, seven months after the head of its global restructuring practice also moved to the firm.

21 September 2021

Alvarez & Marsal moves into Indonesia

Alvarez & Marsal has launched a new restructuring and turnaround practice in Jakarta, making its expansion into Indonesia with an appointment from financial services and leasing group ORIX Corporation.

21 September 2021

Real estate developer becomes first to test India’s new pre-pack framework

UPDATED: An Indian NCLT has admitted the country’s first small business pre-pack bankruptcy process for a Gujarat-based real estate developer, just two months after the new framework was implemented.

20 September 2021

Nortel’s main French arm to end English administration

The largest French arm of Nortel Networks is set to terminate its “unique” 12-year English administration, eight months after a court in Versailles closed its secondary liquidation.

20 September 2021

Cayman letter of request seeks help with admitted fraud

The Grand Court of the Cayman Islands has asked a counterpart in Hong Kong to recognise a pair of “full power” joint provisional liquidators from R&H Restructuring, as they investigate a fraud admitted by a Chinese car parts trader’s CEO.

20 September 2021

Boart Longyear schemes sanctioned in Australia

Australian mining group Boart Longyear has won court approval for two schemes of arrangement in Sydney that aim to convert about US$795 million of debt into equity – while plans to redomicile in Canada continue apace.

17 September 2021

Baker & Partners hires HSM restructuring head in the Cayman Islands

The recently appointed leader of HSM Chambers’ restructuring and insolvency practice has left the firm for Baker & Partners in the Cayman Islands.

17 September 2021

Extended breathing space for UK commercial tenants

As the UK government’s covid-19 support for businesses continues to be reduced, some of the current protections will be removed, but commercial rent arrears will remain ring-fenced. Craig Montgomery and Roger Schofield of Freshfields Bruckhaus Deringer in London analyse the latest position and the impact on landlords and tenants.

17 September 2021

Cayman fund wound up as receivers target affiliate’s Hong Kong shares

A Cayman court has issued a winding up order against a locally-incorporated investment fund, days after appointing receivers over some of its affiliate’s Hong Kong-listed shares.

17 September 2021

Streamlined proving process approved in Cayman

The Cayman liquidators of a local insurance company have secured court approval of an alternative adjudication process for debt claims, removing the need for thousands of policyholders to lodge separate proofs.

16 September 2021

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