Regional news: United States of America

Katten hires two and promotes one

Katten Muchin Rosenman has hired partners from White & Case and Paul Hastings in New York and promoted one restructuring lawyer in Chicago.

03 November 2020

Pacific Drilling enters Chapter 11 again

Luxembourg and Houston-based drilling ship contractor Pacific Drilling and 18 of its domestic and international subsidiaries have filed voluntary petitions for a speedy pre-packaged Chapter 11 restructuring in the Southern District of Texas, three years on from the group’s last bankruptcy.

02 November 2020

Indian software company files voluntary Chapter 11

An Indian IT company has placed six of its subsidiaries in voluntary Chapter 11 bankruptcies in Alabama, after creditor-driven proceedings filed against it in Mumbai were stalled.

30 October 2020

Latham & Watkins announces January promotions

Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.

30 October 2020

UK court sanctions Pizza Express restructuring plan

British casual dining chain Pizza Express has secured court sanction of its restructuring plan, despite a challenge to its company voluntary arrangement whose approval last month was a condition of its overall rescue.

29 October 2020

Deloitte appointed liquidators of Wirecard’s Irish arm, US business sold

Joint provisional liquidators have been appointed over the Irish arm of scandal-hit German payments processor Wirecard, while a US holding company backed by Centerbridge and Bain Capital has bought its North American business.

29 October 2020

Saul Ewing hires new partner in Chicago

Saul Ewing Arnstein & Lehr has hired a partner who worked on the Tribune media company restructuring from Chicago litigation boutique Carpenter Lipps & Leland.

28 October 2020

Selecta scheme sanctioned in England

Swiss vending machine operator Selecta’s English scheme has been sanctioned, but a US committee has found that its Chapter 15 filing constituted a bankruptcy credit event.

27 October 2020

New York court applies Marblegate principles to noteholder’s right to sue

A minority noteholder forced into a strict foreclosure that cancelled its notes retains a legal right to sue for payment under the Trust Indenture Act, a New York court has found – but dissenting judges have warned that “confusion will surely follow”.

26 October 2020

Greenberg Traurig hires in Boston

Greenberg Traurig has hired a new shareholder in Boston from Mintz Levin.

26 October 2020

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