Regional news: North America

Community round-up: IWIRC’s Woman of the Year, Mackinac opens Boston office

Recent weeks have seen hires for regional advisory practices in the US and the UK, legal moves in Australia, and the crowning of IWIRC’s Woman of the Year.

28 November 2016

Anguillan liquidator gains Chapter 11 protection to subpoena US bank representatives

An Anguillan liquidator is seeking Chapter 11 protection for an Anguillan bank in New York, to facilitate an investigation into the whereabouts of assets believed to be held at Bank of America in the US.

25 November 2016

Fox Rothschild adds partner from Riker Danzig in New Jersey

US firm Fox Rothschild has added Mark Hall as a partner in the firm’s Roseland, New Jersey office.

21 November 2016

Chapter 15 court finds online privacy limits turnover rights in Irish asset-stripping investigation

A Delaware bankruptcy court has refused a request from foreign representatives of the Irish Bank Resolution Corporation (IBRC) to force Yahoo! to hand over emails allegedly linked to the concealment of up to €2.8 billion by the family of Seán Quinn – formerly the Republic of Ireland’s richest man.

11 November 2016

A game of two halves: US-Canadian sports retailers pursue restructuring plans

Two US-Canadian sports retailers have advanced their restructuring efforts this week: Performance Sports has commenced parallel bankruptcy proceedings in the US and Canada, while Golfsmith has received court approval of a restructuring plan that will see virtually all of its assets sold in both jurisdictions.

08 November 2016

Former Florida judge joins Bryan Cave in Miami

Bryan Cave has recruited a former Florida Circuit Court judge, Jorge Perez, as partner in its bankruptcy, restructuring & creditors' rights group in Miami.

04 November 2016

Final roll of the dice as Atlantic City fights to escape state takeover

Atlantic City officials and their advisers were scrambling to assemble a revised recovery plan by Thursday night to avoid a state takeover, after New Jersey officials rejected the city’s five-year proposal to create financial stability for the troubled gambling hub.

03 November 2016

US court gives trustee control over China Fishery’s Peruvian business

A New York court has agreed to the appointment of a Chapter 11 trustee to administer crucial Peruvian assets of the industrial fishing conglomerate China Fishery Group, taking control of the business partially out of the hands of its directing family.

02 November 2016

New York court rejects “misguided” OW Bunker maritime liens claims

A New York district court has rejected claims that bankrupt ship fuel supplier OW Bunker holds maritime liens against five ships whose owners failed to pay it for contracted fuel deliveries, dismissing a cluster of applications brought by ING Bank as the group’s security agent.

01 November 2016

Texas Judge freezes hedge fund manager’s assets in bankrupt creditor fraud suit

A Texas judge has frozen over US$118 million in assets belonging to hedge fund manager Platinum Partners, following a fraud suit brought by the bankruptcy trustee of one of the company’s collapsed creditors.

28 October 2016

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