Regional news: Ireland

'We are here in America, we’re not in the Cayman Islands': Ascentra faces new deposition attempt

The foreign representative of Asia-focused beauty products retailer Ascentra is facing a fresh deposition attempt in an ongoing dispute centred around whether a solvent liquidation in the Cayman Islands can be recognised under Chapter 15.

12 September 2023

Ares sued for ‘rigged’ sale of LATAM’s aircraft

A global investment manager is being sued for the second time in three years for allegedly implementing a “sham foreclosure sale” of a bankrupt airline's aircraft.

12 September 2023

Mainstream and Ares settle Ch11 dispute in Texas

The Irish founder of a Chilean renewable energy group and its US lenders have tentatively settled a dispute over a Chapter 11 filing in Texas as part of an ownership battle that has led to litigation worldwide.

05 September 2023

Mallinckrodt files for bankruptcy again, subpoenaed over "suspicious orders"

Beleaguered Irish pharmaceutical group Mallinckrodt has secured several first day orders in its prepackaged Chapter 11 proceedings in Delaware, two days after it disclosed it has been subpoenaed over its sale of controlled substances.

30 August 2023

Opioid producer Mallinckrodt set to file Chapter 22

Irish pharmaceuticals company Mallinckrodt has announced it will initiate Chapter 11 proceedings for the second time in three years, after entering a restructuring support agreement with creditors and a trust for opioid victims set up in the course of its last bankruptcy.

24 August 2023

Chilean wind project companies seek Ch11 protection amid “global litigation campaign”

The Irish founder of a Chilean renewable energy group has moved to dismiss an “unusual” Chapter 11 petition filed by administrators purportedly appointed by its US lenders, in an escalation of an ownership dispute that has been playing out in the US, Chile, Ireland and Spain.

22 August 2023

Liquidation breaks ownership and control for EU sanctions purposes, Irish court says

When two Irish aircraft leasing companies entered liquidation, it rebutted the presumption that they were controlled by their sanctioned Russian state-owned parent, an Irish court has held, providing what lawyers say is “clear guidance” likely to be a persuasive precedent in the UK and other common law jurisdictions.

02 August 2023

Examiner appointed over non-EU company with Irish COMI

In a first-of-its-kind judgment, a court in the Republic of Ireland has appointed an examiner over a Northern Irish building interiors company, finding that its centre of main interests lay in the Republic under the European Insolvency Regulation.

18 July 2023

Mallinckrodt facing securities class action as it prepares new Ch11

Shareholders of Mallinckrodt are suing the struggling Irish pharma company, claiming it made “false and misleading statements” about its financial position when it exited Chapter 11 last year that have caused investors to lose money.

12 July 2023

O’Melveny adds Gibson Dunn partner in London

Gibson Dunn & Crutcher partner Gregory Campbell has joined O’Melveny & Myers as its fifth partner in London, with the firm hailing him as “the right person at the right time” for its global clients.

24 April 2023

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