News

Thai Airways rehabilitation recognised in the UK

An English court has recognised Thai Airways’ Bangkok rehabilitation proceedings, granting its foreign representatives additional relief in the form of a moratorium on secured creditors taking enforcement actions.

09 December 2020

English court grants Petra Diamonds single class scheme meeting

An English court has allowed a subsidiary of Bermuda-incorporated, Jersey-headquartered African diamond miner Petra Diamonds to convene a scheme meeting and seek Chapter 15 recognition in the US.

09 December 2020

White & Case hires two former Ropes & Gray co-chairs

White & Case has hired two Ropes & Gray restructuring veterans in New York and Boston, who both formerly served as co-chairs of its global restructuring practice.

08 December 2020

Intelsat’s former 5G spectrum rollout partner sets out US$1.8 billion claims

A case of “corporate desperation, greed and dishonesty” is how the one-time partner of bankrupt satellite company Intelsat has framed alleged bad faith and breach of contract claims that it has been allowed to bring against the debtor in a two-week trial next June.

08 December 2020

IWIRC launches Korea network

The International Women’s Insolvency & Restructuring Confederation has launched a new network in Korea, led by AlixPartners director Jungmin Lee and Alvarez & Marsal manager Jiwon Nam.

08 December 2020

VTB secures winding-up order against Hong Kong company

The Swiss branch of Ireland-registered VTB Commodities Trading has won a winding-up order against a Hong Kong company that owes it substantial US dollar and Euro denominated debts.

08 December 2020

Former Steinhoff CRO Heis returns to KPMG

KPMG’s former global head of restructuring Richard Heis has returned to the Big Four firm, three years after he retired from its partnership.

07 December 2020

Administrators appointed over Alita Resources in Australia

A US-based secured creditor of Australian lithium miner Alita Resources has appointed voluntary administrators over the company, two days after its deed of company arrangement came into effect.

07 December 2020

Katten hires New York partner from Quinn Emanuel

Katten Munchin Rosenman has hired a new partner from Quinn Emanuel Urquhart & Sullivan, who has credits on the China Fishery and LyondellBasell bankruptcies.

07 December 2020

Norwegian Air announces new restructuring plans

Two weeks after it sought bankruptcy protection in Ireland, Oslo-headquartered Norwegian Air has laid out plans to pursue debt-for-equity swaps with several groups of creditors.

04 December 2020

Get unlimited access to all Global Restructuring Review content