Regional news: North America
Texas court recognises Just Energy’s CCAA process
A Texas bankruptcy court has granted full recognition to Canadian retail energy provider Just Energy’s CCAA proceedings, which were triggered by the unprecedented winter storms and skyrocketing electricity prices in Texas in February.
09 April 2021
Delaware bankruptcy court adds new judge
After over three decades in practice, Cole Schotz member Kate Stickles has joined the bankruptcy bench in Delaware, filling a seat vacated by Judge Kevin Carey when he stepped down in 2019.
08 April 2021
Argentine power provider enters Chapter 11
Power plant operator Stoneway Capital Corporation has applied for Chapter 11 protection in the US and is likely to abandon its Canadian restructuring, after environmental claims filed against it in Argentina prevented the extension of a standstill agreement with creditors.
08 April 2021
Interim recognition in Australia for Greensill Bank administrator
Greensill Bank’s German insolvency administrator has obtained interim recognition in Australia and has used Eversheds Sutherland to make a similar application in the UK.
07 April 2021
Kirkland makes rare US lateral hire
Kirkland & Ellis's restructuring practice has made its first lateral hire in the US for more than a decade, taking a partner from Skadden Arps Slate Meagher & Flom.
06 April 2021
Fried Frank continues growth with New York hire
Weeks after Mandip Englund joined its London restructuring group, Fried Frank has hired veteran Kasowitz Benson Torres partner Adam Shiff in New York.
06 April 2021
Weil Gotshal advising as Brooks Brothers enters UK administration
UPDATED: US clothing group Brooks Brothers has placed its UK arm into administration after securing approval of a Chapter 11 plan to wind down its remaining assets following a sale last year.
06 April 2021
Omani businessman’s UK bankruptcy recognised in US following divorce judgment
Sequor Law has helped the English trustees of an Omani citizen secure interim recognition in Florida and is advising the Cayman liquidators of a segregated portfolio company on a recognition request in the same state – while a separate set of Cayman liquidators are seeking similar relief in New York.
31 March 2021
Greensill enters provisional liquidation in Singapore
Greensill’s Asia arm has entered provisional liquidation in Singapore, following the finance group’s UK and Australian administration proceedings, German insolvency filing and US Chapter 11.
30 March 2021
Singaporean hotel group fights Chapter 11 dismissal motion
Hotel portfolio owner Eagle Hospitality Trust is battling to prevent a Delaware court from dismissing Chapter 11 cases filed by its Singaporean affiliates, while part of the group has entered liquidation in Singapore.
30 March 2021
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