News

Nearly four months after shareholders resolved it should enter insolvent liquidation, the Middle East's largest contractor has provided information on its bankruptcy proceedings in Dubai.

22 March 2021

UPDATED: A pan-African telecoms group’s UK restructuring plan sanction hearing has been adjourned, after a court found that the sole dissenting creditor had the discretion on whether the plan would come into effect.

19 March 2021

A group of Cayman-incorporated first-lien debt holders who tried to challenge a mattress manufacturer’s novel new money restructuring before a US district court have failed at the jurisdictional stage after the court found their collective principal place of business was in New York.

19 March 2021

UK restructuring plans have been sanctioned in Scotland for the first time, clearing the way for London-headquartered oil and gas producer Premier Oil to complete a merger with North Sea exploration and production company Chrysaor.

19 March 2021

Two BVI companies that were part of Tokyo-headquartered alternative investor Pacific Alliance Group and were erroneously liquidated and dissolved following a “massive breakdown” of communications will be restored to the islands’ company register.

19 March 2021

The last remaining General Motors Chapter 11 case has closed in New York, nearly 12 years after one of the largest bankruptcy filings in US history made headlines around the world.

18 March 2021

The Spain-incorporated holding company for an international construction and engineering group has secured a scheme meeting in London after failing to make €15.1 million of coupon payments on two sets of notes earlier this week.

18 March 2021

Magic Circle firm Linklaters has hired two partners from White & Case and Kirkland & Ellis in Hong Kong, as the firm says it plans to strengthen its focus on funds in Asia.

18 March 2021

A US coal miner owned by the governor of West Virgina has sued collapsed finance group Greensill for alleged fraud, a week after an English court appointed Grant Thornton as its administrators.

18 March 2021

While the government has extended its protections for commercial tenants once more, partner Roger Schofield, counsel Katharina Crinson and associate Nicholas Cooper at Freshfields Bruckhaus Deringer in London say it’s a matter of “when” not “if” the UK will see more CVAs – and potentially restructuring plans – targeting rental obligations.

18 March 2021