News

Houst’s UK restructuring plan: the shape of things to come for distressed SMEs?

McDermott Will & Emery partner Mark Fine and senior associate Nick Jupp discuss property manager Houst’s UK restructuring plan and say it may pave the way for more SMEs to use the new tool instead of company voluntary arrangements or administrations.

25 August 2022

GRR Live, Singapore: the hub, five years on

Singapore’s freshly appointed official receiver, Francis Ng SC, reflected on the five years since the city-state declared its ambition to be a regional restructuring hub and looked to its future as a potential centre for restructuring troubled cryptocurrency platforms in his keynote at GRR Live.

25 August 2022

Three Arrows Capital secures recognition of BVI liquidation in Singapore

The British Virgin Islands liquidators of collapsed crypto hedge fund Three Arrows Capital have been given the authority to access its financial records and assets held in Singapore.

25 August 2022

GRR Live, Singapore: in pictures

GRR Live returned to Singapore on 24 August for our first international, in-person event since the covid pandemic hit.

25 August 2022

HSF boosts China finance practice with Paul Weiss hire

Ellen Mao has re-joined Herbert Smith Freehills as a partner in Hong Kong, bringing with her experience working on the restructurings of Luckin Coffee and Evergrande.

25 August 2022

Kirkland advising as former Kodak x-ray unit files Ch11

X-ray imaging products supplier Carestream Health, which was sold to Canadian investor Onex by Eastman Kodak, has filed a pre-packaged bankruptcy plan in Delaware to halve its US$1 billion debt pile and hand its equity over to lenders.

24 August 2022

Carey Olsen recruits from Harneys in the Cayman Islands

Carey Olsen has hired a senior litigator for its Cayman Islands dispute resolution, litigation and insolvency practice, who tells GRR it is an exciting time for the jurisdiction as its new restructuring officer regime is set to go live at the end of the month.

24 August 2022

Celsius sues former investment manager, Voyager seeks stay on Miami class action

Collapsed crypto lender Celsius has accused its former business partner of stealing millions of dollars in coins and demanded the return of US$17 million from crypto custodian Prime Trust, while brokerage firm Voyager is seeking to extend the US bankruptcy code’s automatic stay to cover a suit launched against its CEO.

24 August 2022

Global construction group completes “landmark” pre-pack in Spain

In one of the fastest pre-pack sales since the concept was introduced in Spain two years ago, global construction group Urbas has secured court approval to acquire the production unit of Spanish architecture group Ingeser.

23 August 2022

Chinese water group unveils restructuring agreement

Cayman Islands-incorporated Ozner Water International and its liquidators have reached a restructuring agreement that will see Hong Kong-based investor iSpring International become the water purification company’s new controlling shareholder.

23 August 2022

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