Topic: Bank recovery

Credit Suisse bondholder group hires Quinn Emanuel

Quinn Emanuel has won a sought-after mandate to represent one group of Credit Suisse AT1 bondholders in their effort to recover losses suffered following the bank’s merger with Swiss rival UBS, while GRR understands two other groups are emerging that are in "advanced discussions" with Pallas Partners.

03 April 2023

TozziniFreire welcomes back restructuring partner from Itaú

Brazilian firm TozziniFreire Advogados has re-hired an in-house lawyer from Itaú BBA as a restructuring partner, after five years at the bank.

31 March 2023

Slaughter and May, Clifford Chance and Ashurst advising as Silicon Valley Bank UK arm sold to HSBC

Slaughter and May, Clifford Chance and Ashurst have all landed roles in the sale of the British arm of a California-headquartered bank, whose collapse has been flagged as a “systemic risk” by US financial regulators.

13 March 2023

Hong Kong billionaire declared bankrupt after landmark ruling

Hong Kong billionaire Pan Sutong has been declared bankrupt after a landmark court ruling analysed why multiple bankruptcy petitions are permissible against a single debtor in Hong Kong, capping off a three-year dispute with creditors.

13 July 2022

Clifford Chance and Teneo appointed in Sberbank special administration

Clifford Chance is representing special administrators from Teneo appointed over a UK investment banking arm of Russia’s Sberbank – the latest casualty of sanctions on Russian-state owned companies.

04 April 2022

EU reaches rescue decision on Russian Sberbank’s European arms

The European Union’s central bank resolution authority has declined to rescue the Austria-headquartered company that holds Sberbank’s European operations, while transferring its Croatian and Slovenian subsidiaries to local competitors.

03 March 2022

EU’s top court throws out Banco Popular bondholders' appeal

The European Court of Justice has dismissed appeals from two former Banco Popular bondholders, who queried the EU bank resolution authority’s decision not to order a final independent valuation of the Spanish lender before its resolution in 2017.

28 January 2022

Suspected Ponzi schemer’s bankruptcy recognised in New York

A New York bankruptcy court has recognised the Israeli insolvency proceedings of investment company EGFE Israel and its CEO – a “wanted” alleged fraudster who is suspected to be behind one of the largest Ponzi schemes in Israeli history.

03 November 2021

PJT Partners hires Anchorage’s former restructuring head in New York

Charles Tauber, the former head of restructuring at US hedge fund Anchorage Capital Group, is joining PJT Partners as a partner in September.

24 August 2021

“Persistent failure”: Paul Weiss report shows how Credit Suisse overlooked Archegos risks

Credit Suisse exercised a “persistent failure” to manage and remediate risks associated with Archegos Capital before its eventual collapse, according to an independent investigation conducted by Paul Weiss Rifkind Wharton & Garrison.

02 August 2021

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