Regional news: North America

Alvarez & Marsal, Mayer Brown and Chapman Tripp announce promotions

Mayer Brown has promoted partners in London and Singapore, while Alvarez & Marsal has appointed a new restructuring co-head in North America and New Zealand firm Chapman Tripp has announced a new special counsel.

20 November 2020

Asset recovery column: Euromepa and Gorsoan, oh my

Sequor Law shareholder Leyza Blanco and attorney Christopher Noel discuss the evolving standard to obtain Section 1782 assistance in the US Court of Appeals for the Second Circuit and beyond.

20 November 2020

Santander snaps up Wirecard payments platform, with A&O advising

Allen & Overy is advising Santander on its acquisition of Wirecard’s core technology assets, the latest in a series of firesales at the collapsed German payments firm that is facing over €12 billion worth of claims.

19 November 2020

Lehman’s UK administrators seek Chapter 15 reopening for derivatives trial

The English administrators of Lehman Brothers International (Europe) have asked a New York court to reopen the bank’s Chapter 15 proceedings, so it can take over a nine-year lawsuit from a backlogged state court.

18 November 2020

Alston & Bird hires first restructuring partner in London

After over two decades at Sidley Austin, Phillip Taylor has joined Alston & Bird as its first London-based restructuring partner.

18 November 2020

Swissport seeks recognition of second English scheme

Chinese-owned aviation services group Swissport has requested Chapter 15 recognition of its second English scheme in five months, which is designed to restructure the group after a first scheme bought it time and money.

18 November 2020

Borrelli Walsh appointed as Hyflux enters judicial management

After a two-and-a-half year restructuring saga, struggling Singaporean utility Hyflux has been placed into judicial management with immediate effect.

16 November 2020

Cryptocurrency investment firm wins Chapter 11 relief amid fraud allegations

Cryptocurrency investment firm Cred Inc has secured Chapter 11 relief in Delaware, after a former executive allegedly misappropriated US$3 million worth of its bitcoin and caused it to lose US$10 million through a fraudulent investment scheme.

13 November 2020

Ukrainian bank’s liquidator seeks recognition in US and UK

The liquidator of a Ukrainian bank facing over US$1 billion in creditor claims has filed for recognition in the US and UK.

12 November 2020

B Riley opens in Mexico

B Riley Advisory Services, which formally completed a merger with turnaround firm GlassRatner this year, has opened a new office in Mexico in partnership with Brazil’s TCP Partners.

12 November 2020

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