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

Norwegian vessel operator Prosafe has won court approval for its two schemes of arrangement in Singapore, freeing up the road ahead for the group to progress a Norwegian restructuring process it launched last month.

19 October 2021

In a first-of-its-kind ruling, a Singapore court has departed from the UK’s Rubin decision and recognised a Chapter 11 restructuring plan launched by industrial fishing conglomerate China Fishery’s Singaporean holding company.

11 October 2021

Former BlackOak director Debby Lim has joined Dentons Rodyk & Davidson in Singapore.

11 October 2021

The provisional liquidators of a US-owned Bermudian reinsurance group are seeking Chapter 15 recognition in New York, hoping to prevent potential investor litigation over historically large losses.

07 October 2021

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

Preparing for creditor patience to run out and a spike in demand for restructuring lawyers next year, Sidley Austin has recruited a Kirkland & Ellis partner to its New York and Washington, DC offices.

05 October 2021

The liquidator of a group of companies owned by an Australian family, who are embroiled in an alleged international tax avoidance scheme with Israeli banks, has sought Chapter 15 relief in New York.

01 October 2021

Chinese conglomerate HNA Group’s Hainan-based reorganisation has been recognised in Hong Kong, marking the first-ever recognition of a mainland rescue process in the Special Administrative Region.

30 September 2021

Edwin Tong SC, a former head of restructuring and corporate insolvency at Allen & Gledhill, turned to politics a decade ago. In 2018, he was tasked with the development and promotion of Singapore’s legal sector – including fulfilling its self-proclaimed ambition to become a restructuring hub: so GRR caught up with him to ask how that ambition was coming along, five years down the line.

28 September 2021