Topic: Multinational corporate groups

Herbert Smith Freehills hires restructuring specialist in Sydney

The legal director of the Australian Restructuring Insolvency & Turnaround Association, Natasha McHattan, has joined Herbert Smith Freehills as special counsel in Sydney.

27 August 2020

Creditors to vote on amendments to Oi’s landmark reorganisation

Brazilian telecoms company Oi has presented creditors with amendments to its landmark US$20 billion restructuring plan that was approved in 2019, in a bid to get higher offers on assets and extend new loans.

25 August 2020

Hema scheme approved in England

The High Court in London has sanctioned Dutch retailer Hema’s English scheme of arrangement, allowing it to restructure €600 million of senior secured notes as part of a comprehensive, multi-jurisdictional financial restructuring.

24 August 2020

One in, one out at RSM in London

Advisory firm RSM has hired Janet Burt from Alvarez & Marsal as a partner in its London restructuring group, while restructuring manager Jennifer Harrison has left the firm for Duff & Phelps.

21 August 2020

Quinn Emanuel and Kirkland advising as NMC plans administration in Abu Dhabi

Scandal-hit UAE hospital operator NMC Healthcare is planning to file for administration in Abu Dhabi’s financial free zone, four months after its London-listed holding company entered administration in England.

20 August 2020

Curtis restructuring chair moves to Dentons in New York

Dentons has hired the chair of Curtis Mallet-Prevost Colt & Mosle’s restructuring group as a partner in New York.

19 August 2020

Two more Virgin Australia entities seek Chapter 15 recognition

The newly appointed administrators of two Virgin Australia entities that Bain Capital plans to include in its purchase of the group have sought Chapter 15 recognition in New York.

14 August 2020

Travelex completes restructuring with pre-pack administration

London-headquartered foreign exchange company Travelex has completed its restructuring after joint administrators from PwC were brought in to sell some of the group’s UK entities to its senior secured noteholders.

07 August 2020

“Light-touch” JPLs appointed over Chinese fertiliser group in three jurisdictions

Courts in the Cayman Islands, Bermuda and the British Virgin Islands have appointed “light touch” joint provisional liquidators over Chinese fertiliser company Century Sunshine Group.

05 August 2020

Skadden, Akin Gump and Milbank advising as Noble enters Chapter 11

London-headquartered offshore drilling contractor Noble Corporation has filed Chapter 11 proceedings in Texas, after entering a US$3.4 billion restructuring agreement with two ad hoc groups of its bondholders.

03 August 2020

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