A Dutch court has declined to adopt a tailor-made protocol established by a New York judge to guide the global bankruptcy of coffee trader Mercon but said it has no objection to making the JIN guidelines applicable in the case.
18 March 2024
Global heat exchange group Arvos has won sanction of an English scheme of arrangement to restructure several loan facilities at a lightning-fast hearing, following unanimous support from creditors.
18 March 2024
Just over a year since it failed to consummate a first scheme, Chinese real estate services group E-House’s latest restructuring attempt has been thrown into question again, by a Chinese bank refusing to release guarantee obligations given by a group subsidiary.
14 March 2024
A Calgary-based oil producer has entered CCAA proceedings in its native Alberta and secured a temporary restraining order in Delaware, after signing a DIP facility and stalking horse agreement with a key creditor.
14 March 2024
After less than two years at Dechert, partner Doug Mannal has joined Morrison Foerster in New York, bringing with him experience representing unsecured creditors in the Seadrill, CHC and Bristow Chapter 11s.
13 March 2024
Electric vehicle manufacturer Next.e.GO Mobile has entered insolvency in Germany for the second time in four years, months after it completed a deSPAC merger through which it was listed on the Nasdaq Stock Market.
13 March 2024
The Supreme Court of British Columbia has allowed a debtor to withdraw a notice of intention to make a proposal under Canada’s Bankruptcy and Insolvency Act that was mistakenly filed by its advisers after it negotiated with a creditor out-of-court.
13 March 2024
Two Arnold & Porter partners from Chicago and New York, who together worked for an ad hoc term loan group in cinema operator Cineworld’s 2022 Chapter 11, have jumped to Clifford Chance in the Big Apple.
11 March 2024
Jackson Walker has claimed the US Trustee’s attempts to challenge its fees in several closed Chapter 11 cases should fail because it hasn’t pleaded any “plausible factual or legal bases” for reopening the cases, while the firm has also been hit with another RICO suit alongside its regular co-counsel Kirkland & Ellis.
08 March 2024
A British Virgin Islands-based Harneys partner is relocating to Hong Kong to join Appleby’s disputes practice, bringing with him over 30 years of experience working in the UK, Ireland and the Caribbean.
08 March 2024
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