News

Another struggling Chinese real estate group listed in Hong Kong has secured permission to convene a meeting for creditors to vote on a Cayman scheme to restructure its offshore debt.

02 May 2023

The International Women’s Insolvency & Restructuring Confederation’s latest Hall of Fame inductee has announced she is leaving the industry after almost three decades at a conference marking the organisation’s 30th anniversary.

02 May 2023

Struggling San Francisco-headquartered First Republic Bank has been seized by US regulators and sold to JPMorgan Chase, one week after investors launched a class action over the bank’s alleged misrepresentation of its balance sheet and liquidity position.

01 May 2023

The Hong Kong and Cayman-based voluntary liquidators of a cash-strapped segregated portfolio company have asked a Cayman court to supervise its liquidation and allow them to seek recognition in Malaysia and the UK.

01 May 2023

In a first-of-its-kind decision, a Cayman court has dismissed a winding up petition brought against a Chinese real estate developer by an ultimate beneficial holder of its New York law-governed notes, which it said had failed to obtain the authorisation required under the notes’ indenture.

28 April 2023

A second UK payday lender in the space of a month has persuaded the English High Court to convene a single class meeting of creditors for a scheme of arrangement through which it hopes facilitate a wider £95 million restructuring.

28 April 2023

Construction group Cimolai has secured UK recognition of its Italian insolvency proceedings, almost three weeks after obtaining a Chapter 15 order in Texas.

28 April 2023

In what lawyers say is the first major judgment to consider the characterisation of fixed and floating charges for almost 20 years, an English court has held that the administrators of London-based satellite group Avanti Communications correctly characterised the charges on certain assets it disposed of in a pre-pack sale.

27 April 2023

Professor emeritus at Leiden University Bob Wessels, a founder of the International Insolvency Institute, adviser on restructuring and insolvency to the European Commission and keen local historian, has been presented with a Dutch chivalric order for his contribution to the advancement of insolvency law.

27 April 2023

Cash-strapped cryptocurrency lender and asset management group Babel Finance has secured an extension to a Singaporean moratorium it obtained last month, as well as permission to keep the names of its creditors confidential.

27 April 2023