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

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