Regional news: France

Dispute over insolvent crypto platform’s bitcoins leads to Hong Kong freezing order

A Hong Kong court has frozen assets belonging to a French cryptocurrency trader in a dispute over the fate of bitcoins kept in an insolvent trading platform, which are the subject of competing proprietary claims.

06 November 2019

English Court orders EY to repay fees in French Nortel bankruptcy

The administrators of one of Nortel Network’s French arms have been ordered to pay back some of their fees, after an independent assessor accused them of providing “inaccurate or incomplete” information to creditors.

25 October 2019

French Nortel arm to end administration amid Brexit concerns

One of the French arms of Nortel Networks is set to end its decade-long administration, after the High Court of England and Wales granted a termination and discharge application.

19 September 2019

Crypto platform wins freezing order in Hong Kong

The liquidators of a crypto-assets exchange platform have won a freezing order from a Hong Kong court against a payment services provider described as being “of unacceptably low commercial morality”, after a parallel French freezing order was released with little explanation.

28 August 2019

Parent of historic retail group files for bankruptcy protection in France

The parent of historic French retail group Casino has filed for bankruptcy protection in Paris, blaming “persistent and massive speculative attacks against the group’s securities”.

24 May 2019

New Look gets go ahead to convene scheme meetings

Global fashion retailer New Look has been given the green light to convene meetings for its creditors to vote on two schemes of arrangement that aim to deal with a £1.44 billion (US$1.88 billion) debt pile.

02 April 2019

GRR/INSOL Europe Roundtable: What will the post-Brexit insolvency landscape look like?

Is the UK set to become a “third state” when it leaves the EU? Will insolvency proceedings opened in the UK be recognised by member states? Can UK schemes of arrangement maintain their dominance in the market? And how will legislative changes shape the post-Brexit landscape? GRR invited nine distinguished guests to find out.

02 April 2019

Jones Day hires Weil trio in Paris

Weil Gotshal & Manges partner Fabienne Beuzit has joined Jones Day along with two associates.

07 March 2019

Sidley and Weil guide Greek pharma restructuring

Sidley Austin pharmaceuticals client Famar has completed a €174 million debt restructuring in Greece with support from a KKR bad loan management platform advised by Weil Gotshal & Manges.

13 December 2018

French Nortel entity wins deadline for expense claims

Creditors of one of Nortel’s French entities will have until next January to submit post-petition claims for administration expenses, after an English court ruling.

17 July 2018

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