News
Infowars files for bankruptcy amid Sandy Hook defamation suit
Three companies owned by US conspiracy theorist Alex Jones have sought bankruptcy protection after he was found liable for falsely claiming the 2012 Sandy Hook shooting was a “false flag” hoax.
19 April 2022
McDermott Will & Emery, Goodwin advise as French aerospace manufacturer restructures
French aerospace manufacturer Figeac Aéro Group has reached an agreement with creditors for a restructuring that will extend its bond and loan maturities and also see French asset management group Tikehau Capital become a shareholder.
19 April 2022
Canadian developer wins Chapter 15 relief in bid to secure financing
Real estate developer Legacy Lifestyles Destin Property has secured provisional recognition of its Canadian receivership, which it says will help it obtain financing secured by its Florida-based properties.
19 April 2022
Global tech firm Sungard secures Canadian recognition
Tech software and services firm Sungard has received Canadian recognition of its second Chapter 11 restructuring in three years, days after a Texas court granted it access to debtor-in-possession financing.
19 April 2022
Host of global firms advise as Chinese oil group completes “unique” restructuring
Chinese oil company MIE Holdings has completed a global restructuring using a Cayman scheme and a Chapter 15 filing in New York – along with a novel order that conditionally discharged its joint provisional liquidators before the restructuring was completed.
14 April 2022
Quantuma expands into Asia
UK-headquartered advisory group Quantuma is expanding its international presence into Asia with the launch of a new office in Singapore, led by recent recruit Luke Furler.
14 April 2022
Nygard companies' receiver can place them into bankruptcy after substantive consolidation ruling
A receiver appointed over nine US and Canadian companies linked to fashion mogul Peter Nygard has been granted permission to place them into bankruptcy, after a Manitoba court ruled the companies jointly liable for the group’s debt, and consolidated their assets.
14 April 2022
“Chapter 22” for tech software and services firm Sungard
Technology firm Sungard has entered its second Chapter 11 bankruptcy in three years and sought recognition of it in Canada, less than a month after its UK arm fell into administration.
13 April 2022
Deloitte, Latham and LawArche complete Saudi construction group restructuring
A pair of Saudi Arabian construction and contracting companies have completed restructurings under the Kingdom’s four-year-old financial reorganisation regime, with the help of Deloitte, Latham & Watkins and Middle East-focused firm LawArche.
13 April 2022
ABLI webinar: Utilising foreign jurisdictions to restructure Indonesian companies
English law seems to contradict the principles incorporated in the UNCITRAL Model Law, according to a speaker at a recent webinar hosted by the Asian Business Law Institute, where panellists also discussed foreign law considerations in Singaporean and Indonesian restructurings.
13 April 2022