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Finding it was “contrary” to the purpose of the UNCITRAL Model Law, the High Court in London has terminated an order recognising the winding-up of a solvent Bermudian investment fund.
27 January 2020
A British Virgin Islands judge has suggested that a Swiss bankruptcy administrator behaved inappropriately by allegedly refusing to accept service of an application to appoint liquidators over a Swiss holding company.
24 January 2020
Panama-incorporated engineering giant McDermott International has filed pre-packaged Chapter 11 proceedings in Texas, with a plan it says will eliminate over US$4.6 billion of debt.
22 January 2020
Three days after the High Court in London convened a pair of scheme meetings for its first- and second-lien lenders, Dubai-owned alloy manufacturer Doncasters Group has filed Chapter 15 proceedings in Delaware.
21 January 2020
A Cayman Islands fund is seeking US recognition of its Cayman liquidation, as the US Securities and Exchange Commission investigates allegations that its investment adviser orchestrated a “wide-ranging fraudulent scheme”.
20 January 2020
A Jersey-registered gold miner has filed for bankruptcy protection in Canada as it weighs up an investment treaty arbitration against the Armenian government.
06 January 2020
A Hong Kong court has struck out part of a fraud claim brought by the liquidators of Cayman-incorporated China Medical Technologies against one of the company’s former directors.
02 January 2020
Senior bondholders in a Cayman-registered issuer have agreed a US$482 million restructuring with Lloyds and UBS for a deal securitising ground rents from a Tchenguiz-owned portfolio of sheltered housing properties.
18 December 2019
The liquidators of three British Virgin Islands companies tied up in an alleged US$200 million fraud conducted by a former mayor of São Paulo have filed for US recognition, days after a local court authorised the pooling of their liquidations.
12 December 2019
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