Regional news: Latin America & Caribbean

The liquidator of a defunct Russian bank that has been trying to claw back assets from its founder, has secured recognition of an English court’s judgment in the British Virgin Islands against a trio of hurdles – bringing him a step closer to accessing property held in a New Zealand trust.

28 January 2021

A mainland Chinese bank has secured a Hong Kong winding-up order against a real estate group that failed to justify before Mr Justice Harris why the order should be adjourned pending a restructuring: meanwhile a Hong Kong-based investment holding company is seeking liquidation in the Cayman Islands.

26 January 2021

Cayman-incorporated oil and gas group KrisEnergy has secured creditor support for its Singaporean scheme of arrangement as part of a restructuring of its US$477 million debt pile.

19 January 2021

A Delaware court has granted Canadian miner Crystallex permission to sell shares in the US refinery business owned by Venezuela’s national oil and gas company PDVSA, saying each day the creditor cannot collect a US$1.6 billion arbitration award is an “affront” to the US judicial system.

19 January 2021

The liquidators of Cayman fund Saad Investments Company have been stopped from clawing back US$318 million worth of shares that its founder transferred to a Saudi bank after the fund’s collapse over a decade ago.

18 January 2021

Ritch Mueller Heather y Nicolau name partner Thomas Heather in Mexico City, a founding member of the International Insolvency Institute, is joining Creel García-Cuéllar Aiza y Enriquez as of counsel.

13 January 2021

A subsidiary of Bermuda-incorporated, Jersey-headquartered miner Petra Diamonds has had its English scheme sanctioned, with the judge assuming it could be recognised in the EU since the proceedings were commenced before the UK’s Brexit transition period closed.

12 January 2021

UK-headquartered Quantuma has acquired a Cayman Islands-based advisory firm recently founded by asset recovery specialist Angela Barkhouse, stating it wants to replicate its past success expanding internationally in Cyprus and Mauritius.

07 January 2021

Faegre Drinker Biddle & Reath is continuing its rapid growth with the hire of Stephenson Harwood’s head of restructuring Sue Moore.

05 January 2021

This new year promotions round has seen Harneys elevate five litigators in the British Virgin Islands, while Willkie Farr & Gallagher has appointed a new partner in New York, and Debevoise & Plimpton has made several promotions to counsel and international counsel.

05 January 2021