Recognition
Pizza Express to hold UK plan meetings and seek Chapter 15
British casual dining chain Pizza Express is set to hold three creditors’ meetings on its UK restructuring plan and apply for Chapter 15 recognition in the US, following an English court ruling.
30 September 2020
New Look heads to Irish and US courts for restructuring
UK retailer New Look is facing opposition from landlords in its attempts to enter examinership in Ireland, as it seeks recognition of its English scheme of arrangement in New York.
30 September 2020
Creditors back Codere’s English scheme
Spanish gaming company Codere has secured creditor approval of its English scheme of arrangement, after overcoming opposition to its voting plans at a convening hearing earlier this month.
30 September 2020
Montréal retailer enters CCAA and Chapter 15 after landlords refuse abatements
Six law firms and Deloitte have taken new roles as Canadian womenswear retailer Groupe Dynamite obtained an initial order under the Companies' Creditors Arrangement Act, and Chapter 15 provisional relief in Delaware.
29 September 2020
Cayman bankruptcy and freezing orders recognised in Canada
An Alberta court has recognised Cayman Islands personal bankruptcy and freezing orders, rejecting arguments that granting the relief would be “an abuse of Canadian procedures” despite noting there were limited precedents.
24 September 2020
Australian tax officer denied costs over Senvion recognition
An Australian court has refused to award costs to a tax officer who abandoned his request for relief from a stay that followed the local recognition of wind turbine maker Senvion’s German self-administration proceedings.
22 September 2020
British reinsurer seeks US recognition of EY administrators
The English administrators of UK reinsurer CX Re have applied for Chapter 15 recognition to stay litigation brought against it by Maryland landlords caught up in lead paint exposure claims.
18 September 2020
US and Dutch courts approve HEMA’s English scheme restructuring
Low price homeware retailer HEMA’s restructuring through English, US and Dutch courts is a “perfect example” of how European brands with complex capital structures can restructure with minimal fallout, lawyers working on the case have told GRR – but it may be the last scheme of its kind.
17 September 2020
Codere seeks US recognition of English scheme compromising New York debt
Spain's Codere has requested Chapter 15 recognition of an English scheme for the second time in five years, looking to use the British tool to restructure New York law-governed notes once again.
15 September 2020
Carey Olsen hires new BVI dispute resolution leader
Offshore firm Carey Olsen has hired a new head for its dispute resolution and litigation practice in the British Virgin Islands, from Maples Group.
14 September 2020
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