Regional news: North America

Teneo hires new leaders in the US and Saudi Arabia

Teneo has appointed new leaders in the US and Saudi Arabia from lender and credit asset manager Golub Capital and financial services group Swicorp.

19 May 2022

Liquidators of BVI funds linked to 1MDB win recognition in Florida

The joint liquidators of three 1MDB-linked British Virgin Islands funds have secured recognition of their appointments in Miami, pledging to obtain discovery in the US to help with their recovery efforts.

18 May 2022

Troutman Pepper partner joins Womble Bond Dickinson

Womble Bond Dickinson has hired a healthcare restructuring specialist from Troutman Pepper in Delaware as the firm continues to expand in the US.

18 May 2022

Fraud allegations lead to Ch11 filing for global software group

A global software group with operations around the world has sought Chapter 11 protection in New York, blaming its former management for misstating revenues in 2018 and 2019.

18 May 2022

Alston & Bird continues expansion with New York partner hires

Two long-time Gibson Dunn & Crutcher partners, who are representing French film studio EuropaCorp in its French-US restructuring, have joined Alston & Bird’s growing New York office.

17 May 2022

Sears wins appeal, NY bankruptcy court appoints mediators

US department store chain Sears has won an appeal against a company that acquired its foreign assets in a Chapter 11 sale, a month after a New York bankruptcy court appointed mediators to deal with an adversary case against the chain’s former chairman and shareholders.

17 May 2022

Just Energy seeks Canadian creditor meetings, pursues Texas clawback

Canadian retail energy provider Just Energy Group has sought permission from an Ontario court to convene meetings for creditors to vote on its restructuring, a week after it received permission to pursue claims against the Texas state grid operator in the US.

16 May 2022

Stoneway wins Ch11 confirmation as US Trustee objection overruled

Argentina-headquartered power plant group Stoneway Capital has won confirmation of its Chapter 11 plan after a New York court overruled an objection lodged by the US Trustee over third-party releases.

12 May 2022

LATAM wins district court appeal against backstop fees

Unsecured creditors of LATAM Airlines who wanted to quash its plans to pay other major creditors US$734 million in backstop fees have lost their appeal, just a week before a Chapter 11 plan confirmation hearing.

11 May 2022

Brown Rudnick partner joins DLA Piper in New York

DLA Piper has hired a partner from Brown Rudnick in New York, who tells GRR she is excited to join a “women-centric” practice group.

10 May 2022

Get unlimited access to all Global Restructuring Review content