Topic: Banking & finance
“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
DLA Piper hires new finance, projects and restructuring head
The former leader of Freshfields Bruckhaus Deringer’s finance group is set to join DLA Piper as the head of its international finance, projects and restructuring practice.
26 February 2021
Heads-Up: Khurshid Fazel at Webber Wentzel in South Africa
Featured in Heads-Up
“There's a lot of dry capital sitting there waiting to be used”. Head of Webber Wentzel’s restructuring and insolvency team Khurshid Fazel tells GRR about opportunities in the distressed M&A space in Africa, how her views on globalisation have changed, and why she thinks firms that commoditise parts of their offering are going to get an edge in the future.
05 February 2021
Community roundup: hires at Simmons, Dentons and Hunton Andrews Kurth, as Begbies Traynor acquisition launches it offshore
Simmons & Simmons, Dentons and Hunton Andrews Kurth have hired in London, Portland in Maine and Bangkok respectively; while Begbies Traynor has acquired insolvency advisory group CVR Global, adding its first overseas offices.
18 January 2021
EU bailout fund to get greater powers over bank rescues
European finance ministers have agreed to a long-awaited reform of the EU’s bailout fund, giving it greater powers over future bailout programs and introducing single-limb collective action clauses to override holdout bondholders.
04 December 2020
ECB wins appeal over Banco Espírito disclosure
The European Central Bank gave sufficient reasons as to why it refused to disclose information on its suspension of credit flows to Portuguese “bad bank” Banco Espírito Santo ahead of the bank's resolution six years ago, the EU’s highest court has said, partially overturning a lower court’s ruling.
26 October 2020
KLM asks Dutch government to green-light restructuring plan
With help from Allen & Overy, the Dutch arm of airline group Air France-KLM has submitted a restructuring plan to the Netherlands Ministry of Finance in the hope of securing a rescue package worth €3.4 billion.
05 October 2020
Brown Rudnick recruits Baker & Hostetler partner in Washington DC
Baker & Hostetler partner Eric Goodman, who has credits on the Takata and PG&E bankruptcies, has moved to Brown Rudnick in Washington, DC.
20 August 2020
Alvarez & Marsal bolsters ranks in the Nordics
Alvarez & Marsal has hired a new head of financial restructuring and an operational restructuring lead for the Nordics, three months after launching its Norwegian practice.
17 August 2020
Baoshang bankruptcy a “compliance wake-up call” in China
China’s central bank has announced that it will allow troubled Baoshang Bank to become the first commercial lender to file for bankruptcy in China since 2001, in a move that could prompt other lenders to “step up” their risk assessments and internal audits amid growing non-performing loan portfolios.
12 August 2020