Operational restructuring

Cayman Islands restructuring: recent common law insights for directors when entering the zone of insolvency

Conyers Dill & Pearman partner Jonathon Milne and associate Rowana-Kay Campbell in the Cayman Islands, and partner Anna Lin in Hong Kong, explain why the new Cayman restructuring regime is likely to be a welcome addition to the legislative landscape for prudent directors – particularly in light of current macro-economic conditions and the difficulties many companies are facing.

26 July 2022

Kirkland advising as Voyager Digital journeys to New York for Ch11

Canadian cryptocurrency brokerage Voyager Digital and two of its US subsidiaries have filed for bankruptcy protection in New York, blaming its woes on the collapse of crypto hedge fund 3AC, one of its largest debtors.

06 July 2022

The Cayman Islands’ new restructuring officer regime

In the second article of a three-part series, Harneys partners Chai Ridgers in Hong Kong and Jessica Williams in the Cayman Islands consider the practicalities of the Cayman Islands’ proposed new restructuring officer regime, comparing it to the “light touch” provisional liquidation process that is currently in place – and explain why Asian practitioners in particular should pay attention.

29 June 2022

Evergrande vows to fight Hong Kong winding up petition

Chinese property group Evergrande said it will “vigorously” oppose a winding up petition filed against it by a creditor in Hong Kong, and repeated plans to set out restructuring proposals by the end of next month.

28 June 2022

Hong Kong judge applies Peking Founder findings in new keepwell deed dispute

Hong Kong’s Mr Justice Harris has applied his “momentous” findings in Peking Founder’s keepwell deed dispute to a new claim against Chinese semiconductor maker Tsinghua Unigroup, ruling again that deed disputes should be adjudicated in Hong Kong after confirming with a local expert that resulting judgments can be placed as evidence before a mainland court.

27 May 2022

Eversheds hires Alston & Bird partner to lead corporate debt advisory group

Eversheds Sutherland has hired a long-time Alston & Bird partner to chair its corporate debt advisory group in Atlanta, as part of ongoing efforts to grow its restructuring offering.

24 May 2022

The new Austrian Restructuring Code in the light of Germany’s StaRUG and the Dutch WHOA

Matthias Stipanitz and Stephanie Rendl at Preslmayr Attorneys at Law in Vienna assess Austria’s implementation of the EU’s preventive restructuring frameworks directive, giving a quick comparison with the implementation in Germany and the Netherlands.

17 May 2022

Ireland opts in to updated EU regulation annexes

Ireland has belatedly opted into the updated version of the recast European Insolvency Regulation, and will now automatically recognise the new Dutch and German schemes along with a host of other new and expected European restructuring tools in the regulation’s revised annexes.

16 May 2022

Kroll managing director appointed to Malaysian energy company's board

Malaysia's Sapura Energy has appointed a senior member of Kroll’s restructuring team to its board after receiving the green light to convene meetings for creditors to vote on a scheme of arrangement.

20 April 2022

Fieldfisher taps CMS partner and team to develop Düsseldorf practice

Fieldfisher has hired a CMS partner who advised on sex shop chain Beate Uhse’s restructuring, and his team of three associates, to build out the firm’s practice in Düsseldorf.

11 April 2022

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