Lawyers for the Malaysia Airlines group have welcomed a landmark English court ruling that they say confirms UK restructuring tools offer airlines a quicker and cheaper alternative to Chapter 11.
20 January 2021
Cayman-incorporated oil and gas group KrisEnergy has secured creditor support for its Singaporean scheme of arrangement as part of a restructuring of its US$477 million debt pile.
19 January 2021
The judicial managers of Singaporean shipping company Ocean Tankers have failed to set aside writs filed against four of its vessels, after a court found they fell outside a restructuring moratorium that was in place against the company at the time.
18 January 2021
Simmons & Simmons, Dentons and Hunton Andrews Kurth have hired in London, Portland in Maine and Bangkok respectively; while Begbies Traynor has acquired insolvency advisory group CVR Global, adding its first overseas offices.
18 January 2021
India’s Ministry of Corporate Affairs is inviting public comments on a pre-packaged insolvency framework to help deal with the fallout from the covid-19 pandemic – which local lawyers say could attract foreign investors.
12 January 2021
Updated: European firm Jeantet has established a restructuring practice with a four-lawyer team from France's Fidal in Paris; while White & Case has hired from Clifford Chance in Japan and GÖRG from Anchor Rechtsanwälte in Germany.
11 January 2021
The administrators of Singapore-listed lithium miner Alita Resources have been blocked from effectuating a deed of company arrangement, pending a dispute over a sale process they oversaw for a mothballed mine in Western Australia.
07 January 2021
In the first reported judgment of its kind in Southeast Asia, a Malaysian court has granted a Mareva injunction to help a German chemical company recover funds from an unknown international fraudster.
06 January 2021
Faegre Drinker Biddle & Reath is continuing its rapid growth with the hire of Stephenson Harwood’s head of restructuring Sue Moore.
05 January 2021
A global oil group has failed to secure creditor approval for a scheme of arrangement in Singapore, which would have helped it restructure over US$200 million of debt.
05 January 2021
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