GRR’s inaugural Names to Know in Distressed Investment survey, through which we aim to shine a spotlight on industry experts working across all types of investment firms specialising in distressed situations, is open for submissions.
11 March 2024
Washington-headquartered home fitness company BowFlex has secured provisional access to a US$25 million debtor-in-possession facility, two days after entering a sale agreement with a Taiwanese equipment manufacturer and filing Chapter 11 proceedings with a newly registered New Jersey subsidiary.
06 March 2024
A group of WeWork’s unsecured creditors are seeking approval to sue the group’s majority shareholder, Japanese investor Softbank, claiming it orchestrated pre-bankruptcy uptiering transactions that amounted to fraudulent transfers.
01 March 2024
McDermott International’s contested English restructuring would have gone to mediation and would likely have resulted in a settlement if it was playing out in the US, according to a former bankruptcy judge who acted as an expert in the case.
27 February 2024
The UK arm of British cosmetics group The Body Shop has been placed into administration, three months after it was bought by pan-European private equity investor Aurelius.
14 February 2024
While creditors and shareholders are gearing up to vote on Casino’s safeguard plans, the French supermarket group has told shareholders that the restructuring will leave them “massively diluted” but an independent expert has deemed the plans fair.
05 January 2024
Days after scandal-hit crypto exchange FTX filed an amended Chapter 11 plan in Delaware, its US representatives have entered a global settlement with the liquidators of its Bahamian subsidiary that will see the two sides pool assets and harmonise their approaches to valuing customer claims.
20 December 2023
The seventh edition of the GRR 30 has been published following a year of research that was significantly more ambitious in 2023 compared to previous years, both in size and complexity. We take a look at the results – including some surprises – and consider what the 30 might look like next year.
15 December 2023
The seventh edition of the GRR 100 is now live, featuring 156 firms from 41 jurisdictions that we can confidently say have demonstrable experience and expertise in cross-border restructuring and insolvency matters.
14 December 2023
Crypto platform Celsius Network has secured a New York court’s approval of a restructuring plan that will see it transfer its cryptocurrency to customers and offer them stock in a new NASDAQ-listed bitcoin mining company.
09 November 2023
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