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The US subsidiaries of Australia’s Linc Energy have filed for Chapter 11 protection in Texas, citing an “immediate” need to draw US$10 million of interim DIP financing to pay operating costs while its Australian parent faces its own insolvency proceedings.
01 June 2016
Shenzhen property developer Kaisa Group has received approval for its restructuring plan from a majority of creditors in both Hong Kong and the Cayman Islands.
25 May 2016
The Monetary Authority of Singapore has revealed a set of proposed enhancements to its resolution regime for financial institutions - and set a deadline of 30 May for public comments.
19 May 2016
International real estate developer Kaisa Group Holdings has filed for protection under Chapter 15 of the US Bankruptcy Code in a bid to convince a Hong Kong court to approve its restructuring scheme.
06 May 2016
An Indian parliamentary committee has cleared a proposed new Bankruptcy and Insolvency Code, after the country’s Finance Ministry agreed to insert provisions into the law to cater for Indian companies with assets overseas.
29 April 2016
Creditors of distressed Australian mining and minerals company Arrium have persuaded a Federal Court to dismiss the company’s administrators Grant Thornton in favour of Australian advisory firm KordaMentha.
14 April 2016
Akin Gump Strauss Hauer & Feld has been named Restructuring Firm of the Year at the third annual awards ceremony held by GRR’s sister publication Who’s Who Legal.
13 April 2016
A Singapore Court has dismissed an appeal by the director of an East Timor coffee company against an order to pay its Australian creditors, in a case that affirms the Singapore courts' stance on third party securities as being in line with common law principles.
13 April 2016
Two judges and a lawyer from China, Singapore and the US discussed how to better manage cross-border insolvencies across Asia, agreeing that court-to-court protocols are a better solution than trying to harmonise different countries’ laws.
11 April 2016
Hogan Lovells has hired DLA Piper restructuring partner Scott Harris to practise in its Perth and Sydney offices.
05 April 2016
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