Regional news: Europe

Steinhoff’s contested South African scheme set for January hearing

Three weeks after an Amsterdam court confirmed its Dutch composition plan, retail conglomerate Steinhoff has revealed its contested South African scheme has been listed for a week-long sanction hearing in January – while it also faces uncertainty from a pending liquidation application.

15 October 2021

Baker McKenzie recruits insolvency head in Madrid

Baker McKenzie has hired the former head of DA Lawyers’ restructuring practice to lead its own insolvency offering in Madrid.

13 October 2021

Europe column: Cross-border insolvency in Rembrandt’s day

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, gives readers an early modern history lesson on the origins of cross-border insolvency in central Europe: the background to his new book, “Rembrandt’s Money”.

12 October 2021

Dechert launches Asia restructuring practice with Kirkland hire

Eight months after adding a new global co-head of restructuring in London, Dechert has hired Kirkland & Ellis partner Daniel Margulies to lead its new Asia restructuring practice and help “capture the growth” in activity in the region.

12 October 2021

ESG debt: what restructuring professionals should expect

Associate Katie Crispi at Faegre Drinker Biddle & Reath in London explains why restructuring professionals should be paying close attention to the evolution of sustainable debt.

07 October 2021

Lehman Brothers’ sub-debt appeal continues with guarantor question

UPDATED: Lehman Brothers’ US parent has given evidence on the fourth day of an ongoing appeal against a landmark British court decision made last year, with arguments challenging the effect that a guarantor’s payment has on a creditor's ability to claim against a debtor.

07 October 2021

Bermudian reinsurer’s JPLs move to stop potential US claims

The provisional liquidators of a US-owned Bermudian reinsurance group are seeking Chapter 15 recognition in New York, hoping to prevent potential investor litigation over historically large losses.

07 October 2021

Latest WHOA decision rules on Biofuel Plant owner’s subordinated debt

A Dutch biofuel plant owner has secured sanction of its WHOA restructuring plan despite objections from the province of Overijssel, which claimed it was wrongly classified as a subordinated creditor.

06 October 2021

Landmark Lehman sub-debt ruling appeal begins

A Scottish Lehman Brothers entity has given evidence on the first day of a multi-way appeal against a landmark decision that a British court made last year on the distribution of subordinated liabilities between two other UK Lehman companies.

04 October 2021

Insolvency forum shopping and the case of Investin

Partner Stephen Alexander and associate Stephan Venter at Mourant in Jersey examine the growing practice of insolvency forum shopping and explain how Jersey’s Royal Court approached the subject in the recent Investin case.

04 October 2021

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