Regional news: Ukraine

English court recognises Ukrainian banker’s insolvency, issues bankruptcy order

After finding a banker with an “international lifestyle” had his centre of main interests in Ukraine when he initiated insolvency proceedings there in 2019, an English court has granted recognition to the trustee of his estate and made a separate bankruptcy order against him in the UK.

29 September 2021

Ukrainian trustee seeks UK recognition amid fraud suit

A bankruptcy trustee appointed over a Ukrainian banker’s assets in Kiev is seeking recognition in the UK, where the debtor is facing a separate bankruptcy petition and litigation over fraud allegations.

21 September 2021

Stephenson Harwood hires former A&O partner in London

A year after retiring from Allen & Overy, cross-border restructuring specialist Tim Crocker has joined Stephenson Harwood’s London office in what the firm has described as “a real coup”.

14 September 2021

DTEK schemes sanctioned in England

Ukrainian coal miner DTEK has secured sanction of its English schemes of arrangement, with Chapter 15 recognition in New York set to follow by the end of the week.

19 May 2021

Gazprombank challenges DTEK’s English schemes

The Swiss branch of Russia’s Gazprombank has told an English court that one of Ukrainian coal miner DTEK’s English schemes does not have a “real prospect” of being recognised in key foreign jurisdictions following Brexit.

13 May 2021

English court recognises Ukrainian bank’s liquidation

The liquidator of a Ukrainian bank has received recognition in England under the UK’s Cross-Border Insolvency Regulations, five months after a Florida court granted Chapter 15 recognition of the bank’s 2015 liquidation.

30 April 2021

Chapter 15 round-up: DTEK, Greensill and Samarco seek recognition in New York

Ukrainian coal miner DTEK has sought US recognition of its English scheme compromising New York bonds, while Greensill Bank’s German insolvency administrator and Brazilian mining company Samarco Mineração have also made Chapter 15 applications for their respective proceedings in Bremen and Belo Horizonte.

21 April 2021

DTEK to poll creditors on English schemes amid Russian objection

Ukrainian coal miner DTEK has won permission to hold creditor votes on two English schemes, despite opposition from a Russian bank creditor on lack of jurisdiction grounds.

16 April 2021

Ukrainian bank’s liquidator seeks recognition in US and UK

The liquidator of a Ukrainian bank facing over US$1 billion in creditor claims has filed for recognition in the US and UK.

12 November 2020

English court sanctions ED&F Man’s scheme

An English court has sanctioned a scheme of arrangement for international commodity trader ED&F Man, paving the way for it to restructure debts governed by English and New York law.

09 September 2020

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