Zipmex has become the first crypto platform to persuade a court to sanction a scheme restructuring its debts, having secured a landmark ruling in Singapore allowing it to exclude small retail creditors from voting on the scheme for “administrative convenience”.
06 April 2023
The Cayman liquidators of a health and beauty products and software group have been denied recognition under the UNCITRAL Model Law in Singapore, on the grounds that the group is “hopelessly and irretrievably solvent”.
05 April 2023
Chinese real estate services group E-House has clinched a new deal with certain offshore noteholders after failing to consummate a Cayman scheme approved last November, on the same day that Evergrande entered restructuring support agreements with a key creditor group.
04 April 2023
Cryptocurrency is property and capable of being held on trust, a Hong Kong court has ruled, in a landmark decision that puts it on the same footing as courts in five other common law jurisdictions and the US.
03 April 2023
Two former Rajah & Tann partners have quit the firm with eight colleagues to set up what they say is a “first-of-its-kind” boutique in the Lion City.
03 April 2023
Chinese real estate developer Sunac China Holdings has entered a restructuring support agreement with an ad hoc group of offshore creditors to deal with US$9 billion of debt.
29 March 2023
The leader of Morgan Lewis’ Asia disputes group, who has credits on the Noble and Zipmex restructurings, is leaving the firm with three colleagues to launch a new litigation practice at Herbert Smith Freehills in Singapore.
28 March 2023
Is the current class of unscrupulous businessmen and women worried more about likes than the law? At INSOL International’s first in-person event in India since the start of the covid pandemic, practitioners discussed cross-border asset tracing in India and whether discretion is a dying art among fraudsters.
27 March 2023
Chinese real estate behemoth Evergrande has unveiled a long-awaited restructuring plan targeting offshore notes worth around US$19 billion, which has secured the support of an ad hoc group of creditors advised by Harneys and Kirkland & Ellis.
23 March 2023
The Hong Kong High Court has adjourned a winding up petition against Chinese real estate giant Evergrande for the third time, after the group revealed it has reached a restructuring deal with its offshore bondholders.
20 March 2023
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