Regional news: United States of America

Kirkland makes rare US lateral hire

Kirkland & Ellis's restructuring practice has made its first lateral hire in the US for more than a decade, taking a partner from Skadden Arps Slate Meagher & Flom.

06 April 2021

Fried Frank continues growth with New York hire

Weeks after Mandip Englund joined its London restructuring group, Fried Frank has hired veteran Kasowitz Benson Torres partner Adam Shiff in New York.

06 April 2021

Weil Gotshal advising as Brooks Brothers enters UK administration

UPDATED: US clothing group Brooks Brothers has placed its UK arm into administration after securing approval of a Chapter 11 plan to wind down its remaining assets following a sale last year.

06 April 2021

Omani businessman’s UK bankruptcy recognised in US following divorce judgment

Sequor Law has helped the English trustees of an Omani citizen secure interim recognition in Florida and is advising the Cayman liquidators of a segregated portfolio company on a recognition request in the same state – while a separate set of Cayman liquidators are seeking similar relief in New York.

31 March 2021

Greensill enters provisional liquidation in Singapore

Greensill’s Asia arm has entered provisional liquidation in Singapore, following the finance group’s UK and Australian administration proceedings, German insolvency filing and US Chapter 11.

30 March 2021

Singaporean hotel group fights Chapter 11 dismissal motion

Hotel portfolio owner Eagle Hospitality Trust is battling to prevent a Delaware court from dismissing Chapter 11 cases filed by its Singaporean affiliates, while part of the group has entered liquidation in Singapore.

30 March 2021

Norwegian Air schemes approved in Ireland

An Irish court has sanctioned schemes of arrangement for Norwegian Air, paving the way for the airline to exit examinership as it awaits a creditor vote on its restructuring in Norway.

29 March 2021

Greensill files Chapter 11 in New York, fails to secure interim DIP order

One day after a US unit of collapsed finance group Greensill filed for Chapter 11 protection, a New York court has adjourned a first-day hearing to approve interim debtor-in-possession financing after raising issues with “awfully expensive” exit fees.

26 March 2021

US paparazzi agency files for bankruptcy following Meghan Markle lawsuit

Blaming an “unbearably expensive” privacy claim lodged against it in England by Meghan Markle, US paparazzi outlet Splash News & Picture Agency has filed Chapter 11 proceedings in Nevada – with plans to hire Pinsent Masons to seek recognition in the UK.

25 March 2021

Luckin Coffee wins New York recognition but objections remain

China’s Luckin Coffee has secured US recognition of its Cayman liquidation – but a New York court has asked for more information before it decides the scope of further Chapter 15 relief, in light of objections lodged over a stay on claims against non-debtor parties.

24 March 2021

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