Regional news: Europe

Ogier hires from NautaDutilh in Luxembourg

Offshore firm Ogier has appointed a former NautaDutilh partner in New York to its Luxembourg banking and finance team.

18 September 2020

British reinsurer seeks US recognition of EY administrators

The English administrators of UK reinsurer CX Re have applied for Chapter 15 recognition to stay litigation brought against it by Maryland landlords caught up in lead paint exposure claims.

18 September 2020

US and Dutch courts approve HEMA’s English scheme restructuring

Low price homeware retailer HEMA’s restructuring through English, US and Dutch courts is a “perfect example” of how European brands with complex capital structures can restructure with minimal fallout, lawyers working on the case have told GRR – but it may be the last scheme of its kind.

17 September 2020

Radcliffe adds new silk in London

London-based Radcliffe Chambers has reinforced its litigation and appellate practice with the arrival of barrister David Mohyuddin QC.

17 September 2020

US law bondholder group backs French manufacturer’s restructuring

A group that holds US law-governed bonds issued by the Paris-based manufacturer Vallourec will support its request to a French court for the appointment of a restructuring professional to help mediate with stakeholders on a refinancing, White & Case has told GRR.

16 September 2020

Landlords materially supported New Look CVA, GRR hears

A majority of landlords by value voted in favour of UK retailer New Look’s company voluntary arrangement, GRR has learned, after reports that some would oppose the deal imposing turn-over rents on a big scale.

16 September 2020

Covid-19 calls: Goodwin partner Simon Thomas in London

Featured in Covid-19 calls

Simon Thomas, a partner at Goodwin’s financial restructuring practice in London, compares the current covid-19 related crisis to the global financial crisis, and discusses the legacies it will leave behind: from debt and high taxation, to fraud, and innovation.

15 September 2020

Members should decide on liquidated group’s restoration, English appeal court rules

In the first reported case of minority shareholders restoring a company to investigate an earlier members’ voluntary liquidation, an English appeal court has found that the members of a group of venture capital trusts must collectively decide whether its restoration should stand.

15 September 2020

Codere seeks US recognition of English scheme compromising New York debt

Spain's Codere has requested Chapter 15 recognition of an English scheme for the second time in five years, looking to use the British tool to restructure New York law-governed notes once again.

15 September 2020

Irish scheme court lays down broad approach to jurisdiction and ancillary releases

The court that sanctioned Nordic Aviation Capital’s landmark Irish scheme has explained why it sided with recent English precedents that one locally-domiciled creditor is enough to engage the Brussels Recast regulation, and clarified its “broad” approach to third-party releases.

14 September 2020

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