Regional news: Europe
Heuking Kühn Lüer Wojtek advising IT consultancy Softline on new StaRUG
A German district court has appointed Professor Lucas Flöther as restructuring officer to oversee a new StaRUG for the local arm of global IT consultancy Softline, which will see its majority shareholder take it over.
14 August 2023
Europe column: can digital data be the subject of property rights?
Bob Wessels discusses a recent case of the Netherlands Commercial Court on whether digital data can be legally owned.
11 August 2023
UK Supreme Court clarifies when bankrupt has standing to challenge trustee
The UK Supreme Court has confirmed the limited circumstances in which a bankrupt has standing to challenge the actions of a trustee in bankruptcy.
10 August 2023
Schultze & Braun’s cross-border restructuring head goes in-house
Annerose Tashiro, the former head of international resturcturings at Schultze & Braun and current INSOL International director, is moving in-house at German lithium producer AMG Lithium.
10 August 2023
Cash machine maker secures first recognition of Dutch scheme
Ohio-headquartered cash machine manufacturer Diebold Nixdorf has secured Chapter 15 recognition of its Dutch WHOA plan, marking one of the last steps in a cross-border restructuring that will see it eliminate over US$2 billion in debt through an equity swap.
09 August 2023
Advisory firm Cork Gully expands into Luxembourg
London-headquartered heritage restructuring and special situations advisory firm Cork Gully has launched a new office in Luxembourg, to offer advice and management services to challenged and tail-end investment funds.
08 August 2023
Kirkland, Alvarez and Moelis close the lid on Tupperware restructuring
UPDATE: Food container manufacturer Tupperware has sealed an out of court deal with lenders to preserve its operations, four months after raising “substantial doubt” about its ability to continue as a going concern.
07 August 2023
Appleby hires London partner with Hellas credit
A London partner with a focus on contentious insolvency has joined Appleby to assist its clients in Europe and the Middle East with disputes in the British Virgin Islands and elsewhere.
02 August 2023
Liquidation breaks ownership and control for EU sanctions purposes, Irish court says
When two Irish aircraft leasing companies entered liquidation, it rebutted the presumption that they were controlled by their sanctioned Russian state-owned parent, an Irish court has held, providing what lawyers say is “clear guidance” likely to be a persuasive precedent in the UK and other common law jurisdictions.
02 August 2023
Naftogaz locks in bond deferral deals with Cleary and Hogan Lovells for creditors
Ukraine’s state-owned natural gas group Naftogaz has secured the support of holders of its 2022 and 2026 Eurobonds to defer repayments, nearly a year after it reached a similar deal with holders of its Eurobonds due in 2024.
01 August 2023