Regional news: International

IBA, Miami: “information is an asset”

As a dispute over property requirements for Chapter 15 debtors heads for a potential circuit clash in Florida, a panellist at the International Bar Association’s annual conference has said information should be reconceptualised as an asset.

01 November 2022

Garuda wins Ch15 recognition but Irish lessors prepare for fight

Indonesia’s national airline has secured US recognition of its US$9.5 billion restructuring plan, but two Irish lessors said they will resist attempts by the company to seek enforcement orders.

27 October 2022

Dutch lighting group completes US pre-pack in 46 days

UPDATED: Netherlands-headquartered lighting group Lumileds has secured a New York court’s approval for its pre-packaged Chapter 11 plan that will see lenders take control of the company from US private equity firm Apollo Global Management.

24 October 2022

IWIRC announces its 2022 rising star

The International Women’s Insolvency and Restructuring Confederation has named a partner from New Jersey firm McManimon Scotland & Baumann as the winner of its annual rising star award.

24 October 2022

GRR Live, New York: China’s debt-trap conspiracy

After two decades that have seen China become the largest bilateral lender to the world’s poorest countries, attendees at GRR Live in New York said talk of so-called “debt-trap diplomacy” is misplaced but the country needs to decide whether it wants to be isolated or part of the developed financial world.

19 October 2022

FSB proposes post-Terra collapse crypto regulatory framework

The international Financial Stability Board has published a long-awaited proposed framework for the regulation of crypto-assets, at the head of what practitioners predict will be an avalanche of regulatory attention following the collapse of the Terra stablecoin earlier this year.

14 October 2022

GRR Live, New York: in pictures

GRR Live returned to New York last week after a three-year break due to covid-19.

10 October 2022

Ready for lift off: exploring restructuring opportunities in outer space

Outer space is being commercialised at a frenetic pace and is throwing up some complex legal questions where distress presents itself as the recent Intelsat, OneWeb and Speedcast international Chapter 11s have shown. Scott Atkins, president of INSOL International and global co-chair of Norton Rose Fulbright’s restructuring group, discusses some of the pressing issues that practitioners could face in the event of an appointment over a private space enterprise.

06 October 2022

Lehman judge Shelley Chapman rejoins Willkie

Five days after making an historic order closing the liquidation of Lehman Brothers’ brokerage unit after its collapse 14 years ago, New York’s Judge Shelley Chapman has rejoined her old firm Willkie Farr & Gallagher.

05 October 2022

ADGM court issues US$1bn freezing order against former NMC chief

Abu Dhabi Commercial Bank has secured a worldwide freezing order against the former CEO of Middle Eastern healthcare group NMC, who it accuses of being part of a major fraud that led to the group’s collapse.

05 October 2022

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