Regional news: North America

Missouri court confirms liquidation of Abengoa Bioenergy

A Missouri court has confirmed a Chapter 11 plan of liquidation for one of the US arms of Spanish renewable energy group Abengoa.

12 June 2017

Emeco Holdings emerges from Chapter 15 in New York

Australian-incorporated mining equipment supplier Emeco Holdings has exited its Chapter 15 proceedings in New York, two and a half months after a Sydney bankruptcy court sanctioned the company’s revised scheme of arrangement.

07 June 2017

White & Case raids Skadden and Proskauer for New York hires

White & Case has added two new partners to its global financial restructuring and insolvency practice in New York from rival firms Skadden Arps Slate Meagher & Flom and Proskauer Rose.

06 June 2017

US appeals court upholds bar of Madoff claim sale

A US appeals court has affirmed a lower court’s decision not to recognise a British Virgin Islands-based Madoff investor’s asset sale, finding that there should be no automatic “deference” to foreign rulings in Chapter 15 cases.

05 June 2017

Judge Arthur Votolato 1930-2017

Arthur Votolato, former Chief Judge of the First Circuit Bankruptcy Appellate Panel, who has been described as “truly one of the great pioneering bankruptcy judges”, has died at the age of 86.

02 June 2017

Canadian court rejects Essar Steel motion in landmark DIP extension ruling

A Canadian court has rejected an attempt by bankrupt steel producer Essar Steel Algoma to extend a DIP loan, despite the proposal attracting support from DIP lenders, noteholders, and the court-appointed monitor, Ernst & Young.

01 June 2017

Canadian music company seeks Chapter 15 relief in harmony with Canadian stay

A company that provides background music to shops has sought Chapter 15 protection in New York, citing concerns that creditors will not respect the stay imposed by the Ontario court overseeing its restructuring.

24 May 2017

Norwegian oil explorer seeks Chapter 15 protection for Bermudan scheme

Norway-based oil driller Archer has sought Chapter 15 recognition in Texas of scheme proceedings pending before a Bermudan court.

23 May 2017

Community roundup: New appointments at Pepper Hamilton, Gardere Wynne Sewell and CMS

Pepper Hamilton, Gardere Wynne Sewell and CMS Cameron McKenna Nabarro have all witnessed lateral partner hires and promotions over the past few weeks, while consultancies announced changes at the top in England, Scotland and Canada.

22 May 2017

Court-to-court protocol proposed in Ocean Rig case, as objections mount in New York

The provisional liquidators of oil rig operator Ocean Rig have applied to establish a court-to-court protocol to administer its insolvency proceedings in the Cayman Islands alongside a disputed Chapter 15 case in New York.

18 May 2017

Get unlimited access to all Global Restructuring Review content