News

New Look heads to Irish and US courts for restructuring

UK retailer New Look is facing opposition from landlords in its attempts to enter examinership in Ireland, as it seeks recognition of its English scheme of arrangement in New York.

30 September 2020

Creditors back Codere’s English scheme

Spanish gaming company Codere has secured creditor approval of its English scheme of arrangement, after overcoming opposition to its voting plans at a convening hearing earlier this month.

30 September 2020

Wachtell helps travel tech company restructure after settling IP dispute

UK-based travel technology company Travelport Worldwide has completed a debt restructuring that sparked litigation with its lenders in New York, after settling a dispute over the transfer of its intellectual property.

29 September 2020

Montréal retailer enters CCAA and Chapter 15 after landlords refuse abatements

Six law firms and Deloitte have taken new roles as Canadian womenswear retailer Groupe Dynamite obtained an initial order under the Companies' Creditors Arrangement Act, and Chapter 15 provisional relief in Delaware.

29 September 2020

White & Case, Latham and Carey Olsen advise as lenders take over Britain’s FatFace

Lawyers in London and Jersey have helped British fashion and lifestyle brand FatFace in a consensual debt-for-equity swap that has seen bank lenders and debt funds take control.

29 September 2020

Abu Dhabi court appoints Alvarez & Marsal as NMC Healthcare’s administrators

NMC Health’s UAE entities have been placed into administration in Abu Dhabi’s financial free zone, after successfully applying for protection against enforcement of debt claims this weekend.

28 September 2020

Second Circuit hands Madoff customers’ profits to trustee

A US appeals court has ordered certain customers who unwittingly gained from the Bernie Madoff Ponzi scheme to hand their profits to the scheme’s liquidating trustee, finding they are not protected by the US Bankruptcy Code.

28 September 2020

The game changer for Argentina: collective action clauses

Lawyers who worked on Argentina’s US$65 billion international debt restructuring reflect on the challenges and achievements of the deal, highlighting the activation of collective action clauses as a key ingredient for its successful outcome.

28 September 2020

Community roundup: Winston & Strawn hires in New York, CMS and Goodwin expand in London

Winston & Strawn has hired a new restructuring partner in New York, while CMS has expanded its finance offering and Goodwin has strengthened its private equity group in London.

25 September 2020

Borrelli Walsh’s Singapore restructuring head fails to overturn directorship ban

The Singapore Court of Appeal has upheld a directorship disqualification for Jason Kardachi, leader of Borrelli Walsh’s restructuring practice in south-east Asia, after the Registrar of Companies struck off four companies he had been appointed to restructure.

25 September 2020

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