Recognition

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

Prosafe schemes sanctioned in Singapore

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

China Fishery secures recognition of Ch11 plan in Singaporean first

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

Dentons Rodyk hires from BlackOak

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

11 October 2021

Bermudian reinsurer’s JPLs move to stop potential US claims

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 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

Sidley hires Kirkland partner on the East Coast

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

US recognition sought for alleged Australian-Israeli tax scam

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

HNA Group’s mainland reorganisation recognised in Hong Kong

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

Thirty minutes with Edwin Tong SC: restructuring partner turned politician

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

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