Operational restructuring

Brazilian financial group Piemonte has acquired five data centres from Oi with assistance from Pinheiro Neto Advogados, marking the telecoms company’s first divestment under its judicial restructuring.

31 March 2021

Thai Airways’ rehabilitation planners have submitted a restructuring plan before a Bangkok court as well as the country’s official receiver and its stock exchange managers, but creditors’ counsel say their clients are yet to see its contents.

02 March 2021

A year on from the foundation of its restructuring practice under Numa Rengot, France’s Franklin has expanded in Paris with a hire from Deloitte’s French firm Taj.

21 January 2021

Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.

30 October 2020

British casual dining chain Pizza Express has secured court sanction of its restructuring plan, despite a challenge to its company voluntary arrangement whose approval last month was a condition of its overall rescue.

29 October 2020

Local lawyers in the Netherlands tell GRR they expect the new Dutch scheme to be used frequently in the new year, after the country’s upper house of parliament rubber-stamped legislation that will bring it into being.

07 October 2020

British casual dining chain Pizza Express is set to hold three creditors’ meetings on its UK restructuring plan and apply for Chapter 15 recognition in the US, following an English court ruling.

30 September 2020

A week after creditors backed its latest CVA, an English court has given UK retailer New Look permission to convene a single-class creditors’ meeting on an inter-conditional scheme of arrangement and seek recognition in the US.

23 September 2020

Updated: The International Insolvency Institute held a webinar to discuss the impact of covid-19 on the airline industry; from the benefits of filing in certain jurisdictions, to the major challenges faced from a creditor and customer perspective.

22 July 2020

Advisory firm Duff & Phelps has hired the former head of KPMG Middle East’s deal advisory group to lead its global restructuring practice in the Middle East and Africa.

21 July 2020