Topic: Leases

Hong Kong Airlines secures scheme meetings in Hong Kong

Crossing the first hurdle in its dual UK-Hong Kong restructuring, Hong Kong Airlines has won approval to convene scheme meetings in Hong Kong ahead of a separate hearing for its UK restructuring plan next week.

13 October 2022

Nordic Aviation Capital obtains US plan approval

Aircraft lessor Nordic Aviation Capital has secured sanction of its third amended Chapter 11 plan in the US and aims to exit bankruptcy before the end of May, completing a multi-faceted post-pandemic restructuring that began with an Irish scheme of arrangement in 2020.

21 April 2022

Australia’s highest court interprets Cape Town Convention Protocol in airline’s favour

The Cape Town Convention Aircraft Protocol’s obligation on airline debtors to “give possession” of aircraft assets to lessors following an insolvency-related event means no more than to simply provide lessors with an opportunity to take control of them, Australia’s Highest Court has found.

16 March 2022

Deloitte, KWM on Australian Probuild administration

King & Wood Mallesons is advising administrators from Deloitte who were appointed over the Australian construction group Probuild last week, after its South African parent pulled the plug on funding.

03 March 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

Philippine Airlines exits US bankruptcy after country’s first Chapter 11 recognition

One of Asia’s oldest airlines has emerged from Chapter 11 after a court in the Philippines became the first in the country to recognise a US bankruptcy proceeding.

04 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

DLA Piper hires Walkers’ head of restructuring in Ireland

DLA Piper has hired a new head of restructuring for its office in Dublin, which opened its doors in 2019.

11 November 2021

Kuwaiti family vehicle’s liquidators obtain discovery in New York

A New York judge has authorised the Cayman liquidators of a Kuwaiti family’s investment vehicle to seek discovery in the US, in a bid to locate tens of millions of dollars in assets that were allegedly moved away at the hands of its CEO.

09 November 2021

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