Out-of-court restructuring

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

Linklaters advising as cruise ship operator completes US$2.6 billion restructuring

UPDATED: A host of law firms have advised on the successful multi-jurisdictional restructuring of Malaysian-controlled cruise ship operator Genting Hong Kong, which halted payments on its US$3.4 billion debt pile in August last year.

06 July 2021

Mayer Brown grows in US with a trio from Foley

Mayer Brown has announced a trio of lateral hires from Foley & Lardner in the US, including a new co-lead for its New York restructuring practice with credits on the Madoff liquidation.

24 June 2021

DLA Piper hires two in the US

UPDATED: DLA Piper has bolstered its US restructuring practice with partners from Milbank and Kirkland & Ellis.

21 June 2021

Construction group winds down after Greensill collapse scuppers refinancing

A prefabricated construction company and former Greensill client with factories in the US, India and Saudi Arabia has entered Chapter 11 in Texas to sell off its assets and wind down, with the help of a US$35 million debtor-in-possession promissory note from a UK-based Softbank entity.

15 June 2021

White & Case continues US expansion with Kirkland hire

Updated: White & Case has hired Kirkland & Ellis partner Gregory Pesce in Chicago, who has credits on the liquidation of securities broker MF Global and industrial fishing conglomerate China Fishery’s bankruptcy.

10 June 2021

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