News

Global helicopter group CHC completes US$500 million recapitalisation

Paul Weiss Rifkind Wharton & Garrison has helped Texas-headquartered helicopter group CHC finalise a recapitalisation to reduce its debts, four years after it completed a global restructuring in the US, Canada and the Cayman Islands.

23 August 2022

Damodara Ong advising as Singapore crypto lender applies to enter judicial management

Yet another Singaporean crypto lender has applied for court protection – this time in the form of a judicial management order – with Hodlnaut and its counsel Damodara Ong seeking to appoint Tam Chee Chong of Kairos Corporate Advisory as judicial manager.

22 August 2022

Mayday: what everyone should know about correctly valuing cryptocurrencies

John McKnight, a partner at Sanford Heisler Sharp in Washington, DC, examines some of the technical factors that go into valuing different types of cryptocurrencies, in the face of the recent price collapses and minimal regulation.

22 August 2022

European column: Appeal to ignorance of insolvency

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, asks a complex question arising from a simple, everyday occurrence: is a payment to someone residing or located in another EU member state, who is already insolvent, legally valid?

22 August 2022

Crédito Real’s Mexican liquidation to be appealed

A Mexican judge has permitted an appeal against lender Crédito Real’s domestic liquidation, as it prepares to fight an involuntary Chapter 11 filing in Delaware a month from now.

19 August 2022

Chinese court sanctions restructuring plan for sofa maker

Cayman-registered sofa manufacture Morris Home has received sanction of a restructuring plan in mainland China following financial struggles it blames on US tariffs imposed since 2018.

19 August 2022

Cross-border restructurings and the post-Brexit UK regime

Brexit threatened to make the UK a less competitive cross-border restructuring market, McDermott Will & Emery’s co-head of finance, restructuring and special situations Aymen Mahmoud in London and partner Darren Azman in New York write – but the accelerated enactment of the Corporate Insolvency and Governance Act during covid-19 has ensured English law will continue to be a key international player.

19 August 2022

Sir David Richards joins UK Supreme Court

Former English High Court and Court of Appeal judge Sir David Richards, who oversaw the cross-border administration processes of Lehman Brothers and finance broker MF Global, has been appointed as a justice of the UK Supreme Court.

18 August 2022

Events start-up’s parent falls into administration in England

The London-based parent of travel and events start-up Pollen has appointed Kroll directors as its administrators after failing to line up a potential buyer for its pandemic-blighted business.

18 August 2022

Paul Hastings partner moves to King & Spalding in New York

King & Spalding has hired a New York-based partner from Paul Hastings who it said will be a “key component” in the international growth of its corporate, finance and investments practice.

18 August 2022

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