Topic: Asset finance
Gernandt & Danielsson assists Swedish property manager as distress hits local real estate
Stockholm firm Gernandt & Danielsson has helped a local residential property manager complete a US$218 million equity restructuring to help it weather plummeting property prices in Sweden.
23 May 2023
DLA Piper names former Akin partner as new APAC restructuring head
A former Akin Gump Strauss Hauer & Feld partner has been appointed head of DLA Piper’s Asia-Pacific restructuring team in Hong Kong, while two of the firm’s legal directors have made partner in the UK.
04 May 2023
UK Supreme Court to hear Russian trustee’s recognition appeal
The bankruptcy trustee of the former owner of Russia’s Vneshprombank is set to challenge an appellate decision refusing to entrust his London properties to her before the UK’s highest court.
16 February 2023
Insolvency Law Academy dedicates mediation centre in honour of late minister
The think tank founded by former INSOL International president Sumant Batra has named two Indian judges as emeritus fellows, and dedicated a new mediation centre to another late luminary in the insolvency space.
08 February 2023
INSOL International, London: Developing a rescue finance market
Lower costs of enforcement in the US, speedier, specialised courts in Europe with a “proper” cross-border recognition regime, and Asian regulators that understand distress: a panel of investors from around the world shared their wish lists for an ideal environment to encourage the development of a global rescue financing market fit for the future.
10 August 2022
Kuwaiti family vehicle’s liquidators obtain discovery in New York
A New York judge has authorised the Cayman liquidators of a Kuwaiti family’s investment vehicle to seek discovery in the US, in a bid to locate tens of millions of dollars in assets that were allegedly moved away at the hands of its CEO.
09 November 2021
Alvarez & Marsal expands in London with BDO hire
A former EY and BDO partner has joined Alvarez & Marsal to lead its special situations M&A team within the firm’s restructuring practice in London.
01 November 2021
Kirkland advising as international tech provider enters restructuring agreement
International network solutions provider Riverbed Technology has brought in Kirkland & Ellis, Alix Partners and GLC Advisors to advise on a restructuring that is set to see investors led by private equity fund Apollo Global Management take ownership of the company.
14 October 2021
Community round-up: advisory firms make hires across Europe and US
US-headquartered advisory firm Ankura Consulting has launched a new European restructuring practice with several hires, including the former co-heads of EY’s European restructuring group and AlixPartners’ UK turnaround practice – while B Riley and Alvarez & Marsal have added new faces in the US and London.
27 September 2021
Lawyers line up to save Greensill’s business
Lawyers are working fast to complete the “urgent” sale of collapsed finance group Greensill’s IP and IT assets to Apollo Global Management, after partners from Grant Thornton were appointed administrators of three Greensill companies in the UK and Australia on Monday.
09 March 2021