Regional news: Kenya

Light-touch – not soft-touch – PLs for African oil and gas group

Offering a rare glimpse into a cross-border insolvency in Africa, a Cayman court has appointed light-touch provisional liquidators over an oil and gas company finding its intention to restructure was there, despite its “precarious” negotiations being at an early stage and creditors in Kenya trying to stall a related Mauritian administration.

01 April 2021

Heads-Up: Todd Snyder at Piper Sandler in New York

Featured in Heads-Up

A few months after taking over as Piper Sandler’s global head of restructuring, veteran Wall Street banker Todd Snyder speaks to GRR about a potential boom in infrastructure investment, why sub-Saharan Africa is a likely place for new investment activity and his “almost religious” belief in the importance of restructuring to the good functioning of the free market.

15 March 2021

Cracks deepen for Kenyan cement maker

Joint administrators have been appointed over African cement maker ARM Cement after Nigeria-headquartered UBA Bank led a charge of the company’s commercial lenders seeking to recover over Sh14.4 billion (US$140 million).

20 August 2018

White & Case, Bowmans advising Kenya Airways on capital restructuring

White & Case in London and Bowmans in Nairobi have been advising Kenya’s struggling flagship airline as it nears the completion of a capital restructuring.

19 May 2017

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