News
David’s Bridal files bankruptcy in US and UK, seeks recognition in Canada
Partners from Moorfields Advisory have been appointed as joint administrators of the UK arm of America’s largest bridal retailer, David’s Bridal, which has itself filed Chapter 11 proceedings in New Jersey and secured authority to seek recognition in Canada.
18 April 2023
Orrick bolsters Paris office with new restructuring head and team from Eversheds
Orrick Herrington & Sutcliffe has welcomed back one of its former associates as head of its restructuring group in Paris, after more than four years away.
18 April 2023
Freshfields advising as Danish shipping group secures Ch15 relief in Delaware
The Danish bankruptcy trustees of a shipping group that provides services to the offshore wind industry have secured recognition in the US, blocking creditor action brought against it over a failed joint venture.
18 April 2023
Kirkland partner to join former Credit Suisse trader’s asset management fund
After nine years at Kirkland & Ellis, one of the firm’s London-based partners will be joining an alternative asset management fund set up by a former Credit Suisse trader.
17 April 2023
Stay lifted for Greek shipping group while contested Ch7 continues
Weeks after three noteholders filed an involuntary Chapter 7 proceeding against Greek shipping group Eletson, a New York court has lifted the resultant automatic stay to allow the alleged debtor to move forward with an arbitration.
17 April 2023
Ch15 round-up: Brazilian, Canadian and Italian proceedings secure recognition
Brazilian beef producer Tinto and ethanol producer Tonon, Canadian office furniture manufacturer Inscape and Italian construction group Cimolai have all secured recognition of their respective bankruptcy proceedings in Florida, New York and Texas in the past weeks.
17 April 2023
Brazil’s Ocyan seeks plan recognition in New York
Offshore oil drilling group Ocyan has sought recognition of its Brazilian reorganisation in New York to prevent creditors from enforcing their claims and evading the terms of its already approved reorganisation plan in the US.
14 April 2023
Milbank hires fund specialist in Singapore
Former Clifford Chance partner Nicholas Dunstone has joined Milbank in Singapore after spending over a decade at an asset management firm he launched in Hong Kong after the global financial crisis.
14 April 2023
J&J secures Canadian recognition again
Two days after a New Jersey court refused to dismiss Johnson & Johnson’s latest Chapter 11 filing, the healthcare group has obtained recognition in Canada to temporarily stay talc lawsuits launched against it in the country.
13 April 2023
Judge Drain returns to private practice with Skadden
Less than a year after stepping down from the bench in New York, former bankruptcy judge Robert Drain has joined Skadden Arps Slate Meagher & Flom as of counsel.
13 April 2023