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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