UPDATED: Vietnamese real estate developer No Va Land has retained Sidley Austin, BlackOak and YKVN to advise it on the restructuring of a tranche of convertible bonds through what will be the first pre-pack scheme for a foreign company in Singapore.
06 March 2024
India’s Insolvency and Bankruptcy Code has helped cure “almost life-threatening” levels of non-performing assets faster than anybody anticipated, an international audience heard this weekend. As the country gears up to become the world’s third largest economy, the question is how to sustain growth for the next 25 years, and the challenge is encouraging foreign private investment in its debt.
12 February 2024
The holding company of formerly Nasdaq-listed medical diagnostics group LumiraDX has been wound up in the Cayman Islands at the request of a UK-based life science investor.
06 February 2024
New York-listed luxury products company Farfetch has completed its pre-packaged sale to South Korean online marketplace Coupang – a process an ad hoc group of 2027 noteholder claims has been rushed through following “investor discontent”.
02 February 2024
A group of institutional investors is threatening New York-listed luxury products company Farfetch’s pre-packaged sale to South Korean online marketplace Coupang, claiming the proposed deal offers a US$1 billion “poison pill” to alternative bidders.
26 January 2024
South Korea’s largest online marketplace Coupang has agreed to buy New York-listed luxury clothing and beauty products company Farfetch through an English pre-packaged administration, with Latham & Watkins, Sidley Austin, Kirkland & Ellis and Milbank all picking up instructions.
18 December 2023
Singaporean healthcare and energy holding company New Silkroutes has obtained sanction of a pre-packaged scheme in Singapore through which its largest unsecured creditor, a Canadian real estate investment group, is set to take a majority stake in the company.
06 December 2023
Singapore-listed healthcare and energy holding company New Silkroutes has entered a debtor-in-possession facility agreement with Canadian real estate investment group Ontario, a week after launching a pre-packaged scheme.
14 September 2023
Cash-strapped cash machine manufacturer Diebold Nixdorf has signed a restructuring support agreement with key creditors, as it set its sights on finishing a pre-packaged Chapter 11 and Dutch scheme within 80 days, with help from Jones Day and Jackson Walker.
31 May 2023
A British chemicals manufacturer has filed for bankruptcy in Texas, a day after it agreed a deal with most of its creditors to wipe out nearly US$1 billion in debt.
15 May 2023
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