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A century-old Mainz-headquartered bank has secured recognition of its German liquidation in Delaware, paving the way for it to sell a portfolio of US life insurance policies, while the Scottish bankruptcy trustee of a former BBC executive’s estate and a Polish digital healthcare company have each sought Chapter 15 protection in Texas.
06 October 2023
Bob Wessels picks up where he left off last April on the topic of what happens when a territorial insolvency proceeding is opened prior to any main insolvency proceedings.
17 February 2023
Insolvency lawyers have raised concerns over a recent European Court of Justice referral from Poland, which could influence the debate over the tradability of data as an asset in distressed situations.
24 January 2023
A long list of law and advisory firms have helped international hotel operator AccorInvest Group secure additional financing and complete a multi-jurisdictional restructuring of its €4.5 billion debt pile.
07 April 2021
Baker McKenzie has brought in lawyers from Clifford Chance and local firm Wardyński & Partners to lead its new restructuring practice in Poland.
16 October 2020
The joint administrators of Nortel Networks Polska have secured termination and discharge orders from the High Court in London to bring an end to its 11-year administration in England.
26 August 2020
A former employee of a New Zealand foreign exchange and payments services company who fled to Singapore after transferring its funds to accounts he controlled, has been declared bankrupt in a case that has already sparked asset-recovery proceedings in New Zealand, Singapore, Belgium Lithuania and South Africa.
18 June 2019
Global fashion retailer New Look has been given the green light to convene meetings for its creditors to vote on two schemes of arrangement that aim to deal with a £1.44 billion (US$1.88 billion) debt pile.
02 April 2019
Piotr Bieniasz, finance director at Automatic Systems Engineering in Gdansk, discusses recent changes to Polish pre-insolvency law and the take-up of four new, specially tailored processes in the first year of their application, in our column produced in association with TMA Europe.
28 June 2017
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
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