Topic: Banking & finance

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

Court keeps Bulb creditor details secret in UK’s first special energy administration

Power supplier Bulb Energy’s administrators have been allowed to keep its creditors’ details out of the public domain, weeks after it entered the UK’s first-ever energy supply company special administration.

15 December 2021

Cayman textile and petroleum company liquidated in Hong Kong

A Hong Kong court has wound up a Cayman Islands-incorporated oil and textiles company after no less than six adjournments, finding that its proposed Cayman scheme of arrangement was unfeasible.

13 December 2021

Kroll makes double hire in Middle East

Kroll has hired two senior members for its restructuring advisory practice in the UAE, from in-house roles within the Dubai government and for an Abu Dhabi sovereign private family.

16 November 2021

AirAsia X creditors vote for initially contested scheme

Creditors of the Malaysian budget airline AirAsia X have voted in favour of what was a contested scheme of arrangement that imposes a more than 99% haircut on unsecured debts.

15 November 2021

Cayman liquidators of Kuwaiti family group turn to New York for answers

A pair of Cayman liquidators overseeing the winding up of a Kuwaiti family’s investment vehicle are seeking recognition in the US to take discovery from multiple parties including US law firms and international banks, who they believe might shed light on tens of millions of dollars transferred out of the group several years ago.

13 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

Alvarez & Marsal appointed as UK energy market feels the heat

Alvarez & Marsal partners have been appointed administrators to two UK energy groups in 24 hours and the firm is understood to be in talks with other suppliers too, as the UK faces a string of bankruptcies in the retail energy sector.

24 September 2021

Alvarez & Marsal moves into Indonesia

Alvarez & Marsal has launched a new restructuring and turnaround practice in Jakarta, making its expansion into Indonesia with an appointment from financial services and leasing group ORIX Corporation.

21 September 2021

Baker & Partners hires HSM restructuring head in the Cayman Islands

The recently appointed leader of HSM Chambers’ restructuring and insolvency practice has left the firm for Baker & Partners in the Cayman Islands.

17 September 2021

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