Topic: Multinational corporate groups

Pacific Andes wins Ch11 plan confirmations

Two groups of companies that sit within industrial fishing conglomerate Pacific Andes have secured Chapter 11 plan confirmations in New York, after agreeing to remove third-party releases.

17 February 2022

Mallinckrodt to enter Irish examinership after US plan approved

American-Irish pharmaceuticals manufacturer Mallinckrodt will file examinership proceedings in Dublin in the coming days, after the Delaware bankruptcy court approved its Chapter 11 plan to slash about US$1.3 billion in debt.

04 February 2022

Paul Weiss hires “incredible asset” from Lazard in New York

Lazard managing director Ken Ziman has joined Paul Weiss Rifkind Wharton & Garrison as a partner in New York, bringing with him experience working on the debtor side of the PG&E and Takata mass tort bankruptcies.

28 January 2022

Sontchi talks Singapore on new III podcast

Judge Christopher Sontchi, who in November announced plans to step down from the Delaware bankruptcy bench to take up a new position on the Singapore International Commercial Court, has described how he is hoping to help the city-state attract more international insolvencies.

25 January 2022

Steinhoff's global settlement approved

South African retail conglomerate Steinhoff can begin to finally make payments to investors that lost out when its share price collapsed in 2017, after a court in Cape Town sanctioned its former holding company’s scheme.

24 January 2022

M3 adds former hedge fund manager in New York

New York-headquartered corporate advisory firm M3 Partners has hired a former hedge fund manager who worked on the Nortel Networks and Caesars Entertainment bankruptcies.

23 December 2021

AHAB loses “complex and arduous” Cayman fraud appeal

Saudi conglomerate Ahmad Hamad Algosaibi & Brothers has lost its appeal against a Cayman Islands court ruling that found it conspired with its former head of investment to “perpetrate one of the largest Ponzi schemes in history” – bringing an end to over 12 years of litigation.

22 December 2021

US court approves Luckin Coffee restructuring

China’s Luckin Coffee has secured approval of its scheme of arrangement in the Cayman Islands and a New York court has given the restructuring full force and effect in the US.

17 December 2021

FTI Consulting marks first Dutch venture with Bold acquisition

US-headquartered advisory firm FTI Consulting has announced plans to enter the Dutch market with the acquisition of management consultancy Bold Capital Management.

15 December 2021

Stephenson Harwood launches Paris restructuring group

Stephenson Harwood has launched a new restructuring practice in Paris, hot on the heels of its hire of Wedlake Bell partner Tal Goldmith in London.

10 December 2021

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