Topic: Bankruptcy

Addleshaw Goddard partner moves to Ashurst in Hong Kong

Ashurst has hired a new partner to its Hong Kong office as part of its plans to capture “rapidly growing” opportunities and client demands in Asia, two months after launching a risk advisory business in the UK.

05 December 2022

Colorado Ch15 planned as construction group files in Canada

A US subsidiary of Calgary-based construction company Nilex has been dragged into Canadian bankruptcy proceedings by its parent to sell its US assets, with the group revealing plans to seek Chapter 15 recognition of the sale in Colorado.

30 November 2022

Another crypto firm bites the dust: BlockFi enters Chapter 11 in New Jersey

The crypto winter has upped its body count with another platform, BlockFi, being placed on Chapter 11 life support in New Jersey, as it sues FTX’s founder Sam Bankman-Fried to seize shares he allegedly pledged to it as collateral.

29 November 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

PwC appointed trustee for sale of bankrupt Hong Kong businessman’s Australian property

A bankrupt businessman’s Hong Kong trustees have won the right appoint their Australian colleagues to sell a property he co-owns in New South Wales, but failed to convince the court to grant them leave to file an amended summons to recoup possible repair costs from the other owner.

24 November 2022

FTX Ch15 moves to Delaware as court hears “substantial amount of assets” are missing

The Bahamian joint provisional liquidators of collapsed crypto exchange FTX have agreed to move their Chapter 15 application from New York to Delaware, where the rest of the group sought Chapter 11 protection earlier this month.

22 November 2022

New managing partner for Jones Day

Jones Day has announced its global disputes practice head Gregory Shumaker, who worked on Detroit’s high-profile Chapter 9 bankruptcy and carmaker Chrysler’s Chapter 11 restructuring, will become the eighth managing partner in its 130-year history.

21 November 2022

IWIRC reveals Asia Women of the Year for 2022

The International Women's Insolvency and Restructuring Confederation has named Alvarez & Marsal managing director Tiffany Wong its Asia Woman of the Year in Restructuring for 2022.

16 November 2022

Fried Frank partner joins Jones Day in New York amid latest promotions round

Jones Day has recruited a longtime Fried Frank Harris Shriver & Jacobson partner who advised fashion brand Jack Wills on its pre-packaged sale to British retail giant Sports Direct – and announced partnership promotions for four of its US restructuring lawyers.

10 November 2022

Mediation agreed after judge blocks California from cutting clinic operator’s funds

California’s health authority has agreed to mediate with a struggling clinic operator and its unsecured creditors, two weeks after a US bankruptcy judge called it out for threatening to put the lives of Californian citizens at risk.

10 November 2022

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