Topic: Distressed transactions

Omni Bridgeway recruits Stephenson Harwood partner in Hong Kong

Australia-headquartered litigation funder Omni Bridgeway has boosted its offering in Asia with the hire of one of GRR’s recently named “40 under 40” from Stephenson Harwood in Hong Kong.

23 November 2022

Voyager restarts bidding process as FTX founder faces lawsuit in Miami

Bankrupt cryptocurrency brokerage Voyager Digital has reopened the Chapter 11 bidding process for its assets, having confirmed hours after FTX entered bankruptcy last week that their US$1.4 billion court-sanctioned deal had collapsed.

16 November 2022

Former Bain Capital managing director joins Akin Gump in New York

Kirkland & Ellis partner Ranesh Ramanathan has joined Akin Gump Strauss Hauer & Feld to co-lead its special situations and private credit group in New York, bringing with him experience representing foreign investors in distressed acquisition transactions in India.

06 October 2022

INSOL International, London: Developing a rescue finance market

Lower costs of enforcement in the US, speedier, specialised courts in Europe with a “proper” cross-border recognition regime, and Asian regulators that understand distress: a panel of investors from around the world shared their wish lists for an ideal environment to encourage the development of a global rescue financing market fit for the future.

10 August 2022

Petropavlovsk minority shareholders lose bid to adjourn sale

Minority shareholders of London-listed gold producer Petropavlovsk have failed to persuade an English judge to adjourn its sale to a Russian metals producer, days after he allowed the transaction to go ahead in the wake of UK and EU sanctions.

05 August 2022

Cerberus and Bayside lose bondholder battle in TPC bankruptcy

Two distressed investors have failed to convince a Delaware court that Texas-based chemical business TPC Group acted unlawfully when loan documents were amended to leave them sitting in a junior tranche of debt.

07 July 2022

Maltese Evan Group lays foundations for cross-border StaRUG case

Malta-registered real estate company Evan Group has petitioned a Düsseldorf court to open a German StaRUG restructuring process, ahead of a €125 million bond repayment that looms at the end of the month.

07 July 2022

Heads-Up: Luc Despins and Kris Hansen at Paul Hastings in New York

Featured in Heads-Up

The co-chairs of Paul Hastings’ restructuring practice, Luc Despins and Kris Hansen, recently brought to work together when Stroock Stroock & Lavan's restructuring team moved to the firm in March, tell GRR their expectations for the global economy in the next 12 months, why Singapore and the Cayman Islands are emerging jurisdictions for restructuring, and their secrets for good brief writing.

01 July 2022

Evergrande vows to fight Hong Kong winding up petition

Chinese property group Evergrande said it will “vigorously” oppose a winding up petition filed against it by a creditor in Hong Kong, and repeated plans to set out restructuring proposals by the end of next month.

28 June 2022

Weil study finds highest distress in key European markets since mid-2020

Levels of corporate distress in Germany and the UK are at levels last seen two years ago in the throes of the pandemic, a Weil Gotshal & Manges study has revealed, as the cost of living crisis begins to bite.

22 June 2022

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