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The Chapter 7 trustee of aircraft operator Zetta Jet “likely” shared Australian court documents with the US Federal Bureau of Investigations (FBI), in breach of an implied undertaking not to do so, an Australian court has said.
05 September 2019
Creditors have unanimously backed a seafloor mining company’s acquisition agreement that will see its Australian funding partner assume its C$534 million (US$402 million) indebtedness.
13 August 2019
In recent weeks, a host of firms have witnessed the reorganisation of their own restructuring divisions, with new partners hired for London and regional practices in the UK, and a new counsel announcement in New York.
10 July 2019
Irish oilfield services group Weatherford International has filed for Chapter 11 protection in a Texas bankruptcy court aiming to cut down its US$8.35 billion debt through a pre-packaged plan that envisages parallel proceedings in Ireland and Bermuda.
04 July 2019
Australian firm Piper Alderman has recruited Cheryl Weston from commercial litigation firm Eakin McCaffery Cox, as a partner in its insolvency and reconstruction team.
01 July 2019
A US creditor of Australian oil and gas company Paltar Petroleum has won its bid to have it wound up, after administrators appointed only two weeks before the hearing failed to get an adjournment.
31 May 2019
The Australian Restructuring Insolvency and Turnaround Association has appointed Norton Rose Fulbright partner Scott Atkins as its president under a new governance structure.
30 May 2019
Australian firm Lavan has added a new restructuring partner from Ashurst in Perth.
25 February 2019
Offshore firm Harneys has named recently-relocated restructuring partner James Noble as the new head of its Singapore office.
01 February 2019
An Australian lawyer who authored the Personal Insolvency Professionals Association’s code of conduct has been jailed for six years, after stealing A$9 million from a client to fuel his gambling addiction.
21 January 2019
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