Regional news: Europe

Another Brown Rudnick partner joins Squire Patton Boggs

Squire Patton Boggs has recruited another partner from Brown Rudnick in Paris, weeks after it added a five-strong team from the firm in London.

26 September 2022

Shearman & Sterling partner rejoins Akin Gump

After spending 18 months at Shearman & Sterling, London partner Sam Brodie has returned to his former firm, Akin Gump Strauss Hauer & Feld.

23 September 2022

US resident fails to enforce bankruptcy stay against Irish creditors

Preventing a potential stand-off with the Irish courts, a US appeals court has denied a request by an Irish citizen resident in Illinois to enforce a Chapter 11 stay against his Irish creditors.

22 September 2022

EY restructuring head joins AlixPartners in Paris

AlixPartners has recruited seasoned turnaround partner Olivier Sibenaler from EY in Paris, where he led the Big Four firm’s operational transformation and restructuring group for Western Europe.

22 September 2022

III NextGen, Toronto: DIP roll-ups across jurisdictions

“You can’t put the toothpaste back in the tube.” Comparing the evolution of rescue financing in the US with Singapore, Spain and Italy, speakers at the International Insolvency Institute’s NextGen conference in Toronto discussed the controversial rise of roll-ups and noted lenders will not stop asking for them now they are used so frequently.

21 September 2022

Interpol-wanted businessman fails to annul bankruptcy on COMI grounds

A former businessman subject to an Interpol Red Notice after breaching bail in Bermuda in “extraordinary circumstances” has failed to annul an English bankruptcy order, after a judge found his centre of main interests was in the UK at the time the petition was served on him in a Dutch jail, where he was serving time for bankruptcy fraud.

21 September 2022

Dr Beck & Partner, Schultze & Braun advising as automotive supplier enters German proceedings

Dr Beck & Partner is advising car interior manufacturer Dr Schneider on a reorganisation before a Bavarian court, with Schultze & Braun acting on the side of credit insurers.

20 September 2022

Sidley, Admiralty Harbour advising as China Fortune Land reveals restructuring terms

Property developer China Fortune Land has revealed details of a proposed debt swap that it will offer to holders of eleven tranches of bonds issued by a Cayman subsidiary – with plans to pursue an English scheme of arrangement if a consent proposal fails.

16 September 2022

Eversheds, Interpath and BDO advising struggling global fruit supplier

Updated: Global fruit distributor Jupiter Group has entered administration in England, two weeks after its South African subsidiaries commenced business rescue proceedings in Stellenbosch.

14 September 2022

English court sanctions China Fishery’s restructuring plan

A Peruvian arm of industrial fishing group China Fishery has secured sanction of its UK restructuring plan, after dealing with bankruptcy petitions filed against it in Peru that caused a year-long delay.

13 September 2022

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