Caribbean boutique R&H Restructuring has joined HLB Global, an international network of independent advisory and accounting firms, which has members across more than 150 countries in five continents.
09 January 2024
An insurance company with no discernible office, assets, employees or creditors in Bermuda has had its winding up under the Bermuda Insurance Act recognised in Singapore, after a local court found it fell within the “broad approach” established by the Court of Appeal in Ascentra.
01 December 2023
27 November 2023
The Bermudian liquidators of an insurer owned by Venezuelan state oil company PDVSA have filed a US$110 million claim against the South American country in New York after it defaulted on two sets of bonds.
01 November 2023
A Chinese metal miner has secured sanction of a Hong Kong scheme that will see its unsecured creditors swap their debt for equity, three years after the group withdrew from a separate Bermudian provisional liquidation process.
03 October 2023
Hong Kong-listed Skyfame Realty has struck an agreement with creditors to restructure through parallel Bermudian and Hong Kong schemes.
02 October 2023
Three years after it completed a landmark Bermudian scheme of arrangement and Chapter 15 process, Caribbean telecoms and entertainment group Digicel is back in court for a repeat, blaming economic and political conditions in Haiti for the collapse of a refinancing deal.
15 September 2023
A global investment manager is being sued for the second time in three years for allegedly implementing a “sham foreclosure sale” of a bankrupt airline's aircraft.
12 September 2023
A Bermudian segregated accounts company linked to global insurance broker Aon is seeking Chapter 15 relief to aid its discovery efforts against bankrupt Israeli fintech Vesttoo, who it has threatened with arbitration over an alleged large-scale fraud.
29 August 2023
Tel Aviv-based fintech Vesttoo has asked a Delaware court to authorise it to act as a foreign representative so it can seek Israeli recognition of Chapter 11 proceedings it commenced last week amid a threatened arbitration in Bermuda over an alleged large-scale fraud.
21 August 2023
Unlock unlimited access to all Global Restructuring Review content