A Dutch court has declined to adopt a tailor-made protocol established by a New York judge to guide the global bankruptcy of coffee trader Mercon but said it has no objection to making the JIN guidelines applicable in the case.
18 March 2024
Global heat exchange group Arvos has won sanction of an English scheme of arrangement to restructure several loan facilities at a lightning-fast hearing, following unanimous support from creditors.
18 March 2024
A team from Norton Rose Fulbright offers a comparative analysis of the treatment of foreign and domestic tax debts across three different European restructuring processes, looking at whether they permit such debts to be compromised, and whether that may influence a debtor’s choice of restructuring jurisdiction. They also note that cross-border recognition of tax compromises has yet to be tested in the EU, leaving open the question of whether such compromises would be effective.
15 March 2024
A Russian a bankruptcy trustee trying to get control of an Italian villa that she claims belongs to former Vneshprombank owner Georgy Bedzhamov, will go to trial against his long-term partner – who claims the property belongs to her – in May, where questions will be raised over a litigation funding agreement the trustee has entered that could be in breach of sanctions.
15 March 2024
Electric vehicle manufacturer Next.e.GO Mobile has entered insolvency in Germany for the second time in four years, months after it completed a deSPAC merger through which it was listed on the Nasdaq Stock Market.
13 March 2024
German property group Branicks has entered StaRUG proceedings before a court in Frankfurt, with Allen & Overy as counsel and Lucas Flöther of Flöther & Wissing appointed restructuring officer.
12 March 2024
A Ukrainian-born Russian national residing in the UK has lost his appeal against an English bankruptcy order, after a court found that a Russian judgment never registered nor recognised in England still gave rise to a debt under the Insolvency Act.
12 March 2024
FRP advisory has expanded offshore with a new acquisition on the Isle of Man, days after an FRP partner and a director moved to Kroll in London.
12 March 2024
The former administrators of charity payments terminal provider Good Box, who were ordered last year to give their consent to the first-ever UK restructuring plan proposed by a creditor, have been denied increased remuneration under the 2016 Insolvency Rules.
11 March 2024
A former subsidiary of defunct shopping centre owner intu has won permission to convene a single meeting of creditors to vote on an English scheme through which it hopes to facilitate a US$2.2 billion restructuring.
08 March 2024
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