Topic: Banking & finance
Akin Gump continues special situations growth with Hong Kong hire
Akin Gump Strauss Hauer & Feld has recruited a new partner from alternative investment firm Värde Partners in Hong Kong, continuing a recent hiring spree that has seen it add five new partners to its special situations and private credit group in the last eight months.
05 June 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
Evergrande finally unveils restructuring plan with support from ad-hoc group
Chinese real estate behemoth Evergrande has unveiled a long-awaited restructuring plan targeting offshore notes worth around US$19 billion, which has secured the support of an ad hoc group of creditors advised by Harneys and Kirkland & Ellis.
23 March 2023
SVB’s parent spars with FDIC over “improper” freezing of US$2.1 billion
Chapter 11 lawyers for the parent company of collapsed Silicon Valley Bank have hit out against “improper actions” taken by a US financial regulator that they claim have blocked its access to accounts containing more than US$2.1 billion.
22 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
Norwegian firms team up with Kirkland for refinancing of Oslo-listed offshore driller
Norwegian firms Schjødt, Wiersholm and Thommenssen, along with Kirkland & Ellis, have helped an Olso-listed offshore services company negotiate a US$660 million debt refinancing and equity deal that will see a major Seadrill investor double its stake.
08 March 2023
“We've seen an evolution in the bankruptcy sphere”: an interview with Omni Bridgeway’s Jim Batson
One year after his appointment as Omni Bridgeway’s co-chief investment officer in the US, Jim Batson tells GRR about the “evolution” he has seen in the bankruptcy space in recent years, why he thinks litigation financing is at its heart an ESG product and what factors are considered when funders are deciding to invest.
07 March 2023
Weil counsel joins Reed Smith in London
Reed Smith has recruited a new partner from Weil Gotshal & Manges in London, who brings with him 20 years of experience advising banks and hedge funds on international and domestic restructurings.
28 February 2023
Celsius ruling “should be helpful” to FTX customers, ex-CEO faces fraud suit
After a New York court ruled this week that bankrupt crypto brokerage Celsius owns funds deposited by thousands of investors, lawyers in the US and Singapore tell GRR the decision provides important drafting lessons and may prove a useful precedent for FTX customers.
06 January 2023
AIG accused of “weaponising” Chapter 11 process
A group of former executives from a subsidiary of insurance conglomerate American International Group have accused their former employer of “weaponising” the US bankruptcy process to block a pending lawsuit over unpaid bonuses.
16 December 2022