Topic: Banking & finance
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
Faegre Drinker continues to grow US restructuring group
Faegre Drinker Biddle & Reath has continued to expand its US restructuring offering with the hire of a new counsel in Minneapolis.
29 November 2022
Fuelling distress: Europe’s €500 billion energy crisis
Europe is facing an energy price crisis that has the potential to cause a flurry of restructuring and insolvency activity across the continent’s corporate sector. GRR spoke to insolvency practitioners across six key European jurisdictions to see which sectors are already showing distress, what policy makers are doing to try to counter it, and whether they think the policy-makers will be successful.
30 September 2022
Crypto round-up: Voyager agrees sale, Celsius CEO resigns and CoinFLEX wins creditor support
Bankrupt crypto brokerage Voyager has accepted a US$1.4 billion bid for its digital assets, while exchange platform CoinFLEX has secured creditor backing to restructure in the Seychelles, the CEO of US-headquartered Celsius Network has resigned in the middle of its Chapter 11 case and Interpol has issued a red notice against Terra/Luna creator Do Kwon.
28 September 2022
Heads-Up: Fiona Huntriss and Neil Pigott at Pallas Partners in London
Featured in Heads-Up
Fiona Huntriss and Neil Pigott, partners in the London litigation and disputes boutique founded by former Boies Schiller Flexner deputy chair Natasha Harrison in February, tell GRR what it’s like to work in London’s newest law firm, explain why Eastern Europe is an area to watch, and share their thoughts on the UK’s proposals to adopt two new Model Laws from UNCITRAL Group V.
12 August 2022
Crypto Lender Vauld secures three-month moratorium in Singapore
Singapore-headquartered cryptocurrency lender Vauld has won a three-month moratorium in the Lion City, blocking potential winding up actions and other proceedings against its parent company while it negotiates a sale.
03 August 2022
Goodwin expands Munich office with hire from Shearman & Sterling
Goodwin is adding a private equity partner with restructuring experience to its newly-opened Munich office from Shearman & Sterling, where he has spent almost two decades.
28 July 2022
Alston & Bird continues expansion with New York partner hires
Two long-time Gibson Dunn & Crutcher partners, who are representing French film studio EuropaCorp in its French-US restructuring, have joined Alston & Bird’s growing New York office.
17 May 2022
Brown Rudnick’s UK restructuring head to join BCLP
Bryan Cave Leighton Paisner is set to recruit two partners from Brown Rudnick in London, including the head of its UK bankruptcy and corporate restructuring practice.
11 May 2022
Promotions round-up: new year, new partners
Jones Day, Norton Rose Fulbright, Hughes Hubbard & Reed and Harneys have made partner promotions around the world, while Davis Polk & Wardwell has named a new counsel and Cole Schotz has announced new members in North America.
11 January 2022