Receivership

Chinese petrochemical group’s BVI subsidiary seeks scheme recognition in Texas

British Virgin Islands-incorporated special purpose vehicle Rock International Investments is seeking Chapter 15 recognition of its BVI scheme of arrangement, while its parent company has entered bankruptcy proceedings in China.

24 November 2020

Hong Kong court allows Shandong Shanshui employees to pursue EY receivers

Five employees of China’s Shandong Shanshui Cement Group have won retrospective permission to bring claims against receivers from EY, following a ruling in Hong Kong.

30 October 2020

Alvarez & Marsal makes first senior hires in Singapore

Alvarez & Marsal has expanded in Asia with its first two senior appointments in Singapore, from FTI Consulting and HSBC subsidiary Serai.

28 October 2020

Greenberg Traurig hires in Boston

Greenberg Traurig has hired a new shareholder in Boston from Mintz Levin.

26 October 2020

BVI court blocks receivers from replacing Japanese company’s directors

The receivers of a BVI investment company have been prevented from replacing the directors of its Japanese subsidiary, after a local court found a Singaporean investor could not apply on their behalf.

14 October 2020

Chinese-owned Hontop Energy placed under judicial management

A Singapore court has placed Hontop Energy, the trading arm of a Chinese independent oil refiner, under full judicial management supervised by RSM Advisory, following allegations of “suspicious transactions” from its biggest lender.

11 September 2020

Duff & Phelps recruits Australian insolvency pioneer to Sydney practice

Advisory firm Duff & Phelps has recruited one of Australia’s most experienced restructuring and insolvency practitioners for its new Sydney office.

07 August 2020

Stikeman Elliott hires IWIRC award-winner from DLA Piper

Stikeman Elliott has hired a Canadian silk from DLA Piper to join its Calgary and Vancouver branches as a regional leader of its restructuring practice.

23 July 2020

Community roundup: new recruits at Gordon Brothers, EY and Kirkland & Ellis

Gordon Brothers and EY have hired in Australia, Kirkland & Ellis and Thornton Grout Finnigan have recruited in Hong Kong and Toronto, and Quantuma and Freeths continue to expand in the UK.

20 July 2020

NZ High Court restrains Chinese director’s bankruptcy pending directors’ duties appeal

The High Court of New Zealand has halted a bankruptcy application against a Chinese former director of local construction company Mainzeal, pending his appeal of a multi-million dollar breach of duties judgment.

17 July 2020

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