Regional news: North America
McDermott Will & Emery advising London-listed Bitcoin miner in out-of-court restructuring
London-listed Bitcoin mining firm Argo Blockchain, which has warned it could run out of cash within the next month, has appointed advisers in the UK, US and Canada, as it seeks to sell assets to strengthen its balance sheet.
16 December 2022
AIG accused of “weaponising” Chapter 11 process
A group of former executives from a subsidiary of insurance conglomerate American International Group have accused their former employer of “weaponising” the US bankruptcy process to block a pending lawsuit over unpaid bonuses.
16 December 2022
Second Circuit dismisses last challenge to LATAM Chapter 11 plan
Dismissing the last remaining dispute over LATAM Airlines’ Chapter 11 plan, the US’s Second Circuit Court of Appeals has addressed for the first time whether a debtor has to pay post-petition interest to unsecured creditors to be able to treat them as unimpaired.
16 December 2022
New hires for Boies Schiller in London and New York
Boies Schiller Flexner has recruited new partners in London and New York, seeking to strengthen its cross-border financial and insolvency offering after its old practice group left the firm en masse to launch disputes boutique Pallas Partners earlier this year.
15 December 2022
Constellation finalises second restructuring as BVI subsidiary secures US recognition
Global oil group Constellation has completed the last step of its global reorganisation after its Caribbean subsidiary secured US recognition of a British Virgin Islands provisional liquidation for the second time in two years.
14 December 2022
Recent Developments in DIP Financing for International and Domestic Debtors
Featured in Americas Restructuring Review 2023
09 December 2022
The EU Adaption of Important Chapter 11 Provisions
Featured in Americas Restructuring Review 2023
09 December 2022
Investment Fund Activity in US Debt Restructurings
Featured in Americas Restructuring Review 2023
09 December 2022
JPLs denied Ch15 recognition as blood storage group’s provisional liquidation not a collective proceeding
The joint provisional liquidators of a Cayman-registered, mainland China-based umbilical cord blood storage group have been denied US recognition, after a New York bankruptcy court found that they had been appointed to investigate the company and protect its assets – not for the purpose of reorganisation or liquidation.
08 December 2022