Regional news: North America

Ankura hires from Goldman Sachs

Business advisory firm Ankura has strengthened its turnaround and restructuring group in New York with a new senior managing director from Goldman Sachs.

10 December 2020

Eastman Kodak re-opened, but shutter closes on discharge claims

After persuading a New York judge to re-open the long-finished Eastman Kodak bankruptcy, a group of underwriters at Lloyd’s has failed to convince him the Chapter 11 case discharged their asbestos claims obligations for a company dissolved in 1971.

10 December 2020

English court grants Petra Diamonds single class scheme meeting

An English court has allowed a subsidiary of Bermuda-incorporated, Jersey-headquartered African diamond miner Petra Diamonds to convene a scheme meeting and seek Chapter 15 recognition in the US.

09 December 2020

White & Case hires two former Ropes & Gray co-chairs

White & Case has hired two Ropes & Gray restructuring veterans in New York and Boston, who both formerly served as co-chairs of its global restructuring practice.

08 December 2020

Intelsat’s former 5G spectrum rollout partner sets out US$1.8 billion claims

A case of “corporate desperation, greed and dishonesty” is how the one-time partner of bankrupt satellite company Intelsat has framed alleged bad faith and breach of contract claims that it has been allowed to bring against the debtor in a two-week trial next June.

08 December 2020

IWIRC launches Korea network

The International Women’s Insolvency & Restructuring Confederation has launched a new network in Korea, led by AlixPartners director Jungmin Lee and Alvarez & Marsal manager Jiwon Nam.

08 December 2020

Former Steinhoff CRO Heis returns to KPMG

KPMG’s former global head of restructuring Richard Heis has returned to the Big Four firm, three years after he retired from its partnership.

07 December 2020

Katten hires New York partner from Quinn Emanuel

Katten Munchin Rosenman has hired a new partner from Quinn Emanuel Urquhart & Sullivan, who has credits on the China Fishery and LyondellBasell bankruptcies.

07 December 2020

Dean & DeLuca brings avoidance claim against former Japanese JV partner

A Delaware-registered arm of bankrupt Thai-owned upmarket grocer Dean & DeLuca has filed an adversary claim in New York against its former Japanese joint venture partner and an affiliate, arguing they took advantage of the grocer’s insolvency to buy shares at a steep discount.

04 December 2020

Kirkland, Jackson Walker and Sheppard Mullin advising on Seadrill Ch11s

London-based offshore driller Seadrill Partners and 28 of its international subsidiaries have filed Chapter 11 proceedings in Texas, citing Bermuda-incorporated Seadrill Ltd, which itself went through bankruptcy two years ago, as their largest unsecured creditor.

03 December 2020

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