Out-of-court restructuring

FTI Consulting hires from Protiviti in US, loses one in Cayman

FTI Consulting has hired a team of restructuring professionals from global consulting firm Protiviti, but lost another to Crowe Cayman.

07 January 2022

AirAsia X creditors vote for initially contested scheme

Creditors of the Malaysian budget airline AirAsia X have voted in favour of what was a contested scheme of arrangement that imposes a more than 99% haircut on unsecured debts.

15 November 2021

CMS hires Eversheds partner to build Hong Kong practice

The leader of Eversheds Sutherland’s restructuring and insolvency practice in Asia has joined CMS in Hong Kong to help it build a local restructuring offering of its own.

02 November 2021

NMC Healthcare seeks ADGM help for onshore recognition

The administrators of NMC Healthcare have sought a declaratory order from an Abu Dhabi court to help them seek recognition in onshore courts of deeds of company arrangement that were approved last month.

21 October 2021

Weil hires in Hong Kong

Weil Gotshal & Manges has hired a restructuring partner in Hong Kong from Ropes & Gray, with credits on some of the biggest Australasian cross-border cases of the past decade and beyond.

06 October 2021

Germany’s Grub Brugger hires eight-person team in Stuttgart

German law firm Grub Brugger has hired an entire insolvency team from Stuttgart’s Menold Bezler, including a group of partners who completed one of the first German restructurings under the new StaRUG tool.

23 August 2021

Winston & Strawn adds new global restructuring head in New York

Winston & Strawn has hired the former global co-head of McDermott Will & Emery’s restructuring group to lead its own global practice in New York.

21 July 2021

FTI Consulting, Clifford Chance and Mourant advise in Trans Maldivian Airways takeover

At least nine law and advisory firms have completed a consensual restructuring of the world’s largest seaplane operator, Trans Maldivian Airways, through an acquisition by some of its lenders.

20 July 2021

The EU Restructuring Directive: how member states are progressing with transposition

With the deadline for domestic transposition of the European Restructuring Directive having passed this weekend, McDermott Will & Emery partner Timothée Gagnepain and associate Lucille Madariaga in Paris discuss how it has been eagerly awaited – and yet is likely to be postponed for at least a year – in most EU member states.

19 July 2021

Court refuses to limit bank’s powers during WHOA cooling-off period

An anonymous company has obtained a cooling-off period from a Hague court, but failed to persuade it to use bespoke powers to limit Dutch multinational bank Rabobank's security rights as provider of a coronavirus scheme loan.

13 July 2021

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