Regional news: Europe

Ukrainian trustee seeks UK recognition amid fraud suit

A bankruptcy trustee appointed over a Ukrainian banker’s assets in Kiev is seeking recognition in the UK, where the debtor is facing a separate bankruptcy petition and litigation over fraud allegations.

21 September 2021

Greenberg continues expansion with New York hire

Dentons has lost another partner to Greenberg Traurig in New York, seven months after the head of its global restructuring practice also moved to the firm.

21 September 2021

Nortel’s main French arm to end English administration

The largest French arm of Nortel Networks is set to terminate its “unique” 12-year English administration, eight months after a court in Versailles closed its secondary liquidation.

20 September 2021

Extended breathing space for UK commercial tenants

As the UK government’s covid-19 support for businesses continues to be reduced, some of the current protections will be removed, but commercial rent arrears will remain ring-fenced. Craig Montgomery and Roger Schofield of Freshfields Bruckhaus Deringer in London analyse the latest position and the impact on landlords and tenants.

17 September 2021

Greensill’s UK administration recognised in US

Greensill’s main trading entity has obtained recognition of its UK administration in New York, where US coal miner Bluestone Resources had already agreed to suspend a fraud suit against two of its senior managers for 90 days – though not for the entire length of the Chapter 15 stay.

15 September 2021

Interpath expands its advisory offerings outside of restructuring

Interpath Advisory has hired a former EY valuations partner and a new debt advisory director, while also broadening its offerings in forensic and deal advisory work by hiring four new recruits from FTI Consulting, Duff & Phelps and PwC.

15 September 2021

Maples taps insolvency partner for British Virgin Islands role

Maples and Calder has hired a new British Virgin Islands partner with experience advising on the cross-border restructurings of China’s Luckin Coffee and Brazilian oil group Constellation.

15 September 2021

Stephenson Harwood hires former A&O partner in London

A year after retiring from Allen & Overy, cross-border restructuring specialist Tim Crocker has joined Stephenson Harwood’s London office in what the firm has described as “a real coup”.

14 September 2021

English Court of Appeal issues new guidance on third party costs orders

Harneys’ counsel Grainne King and partners Julie Engwirda, Vicky Lord and Jonathan Addo discuss a recent ruling in the English Court of Appeal, which set out guidelines to establish when it is appropriate to impose personal liability on directors or shareholders of insolvent companies for costs incurred in unsuccessful litigation.

14 September 2021

AHAB secures historic restructuring settlement

Saudi Arabia’s new bankruptcy law has been praised after Ahmad Hamad Algosaibi & Brothers (AHAB) finally reached a US$7.5 billion settlement with creditors following 12 years of legal disputes around the world.

09 September 2021

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