Ukraine’s state-owned natural gas group Naftogaz has secured the support of holders of its 2022 and 2026 Eurobonds to defer repayments, nearly a year after it reached a similar deal with holders of its Eurobonds due in 2024.
01 August 2023
A McKinsey & Company partner has joined FTI Consulting as the new leader of its Europe, Middle East and Africa turnaround group within its restructuring practice.
21 July 2023
Heirs of former employees of international flower breeding group Dümmen Orange have failed to convince a Dutch court to open an investigation into a restructuring it undertook during the pandemic that wiped them out.
18 July 2023
Less than a year after stepping down from the bench in New York, former bankruptcy judge Robert Drain has joined Skadden Arps Slate Meagher & Flom as of counsel.
13 April 2023
White & Case is forming a group of offshore debt holders affected by Chinese real estate giant Evergrande’s recently announced restructuring proposal, with plans to hold a conference call later this week.
10 April 2023
David Botter has joined Cleary Gottlieb as a partner in New York after over two decades with Akin Gump, where he advised noteholder groups in the cross-border restructurings of Aeroméxico and Nordic Aviation Capital.
10 April 2023
Firms including O’Melveny & Myers, Weil Gotshal & Manges, Simpson Thacher & Bartlett and Jones Day have revealed their latest partner promotions on both sides of the Atlantic, while two Kirkland & Ellis partners have been made fellows of the American College of Bankruptcy.
19 December 2022
London-listed Bitcoin mining firm Argo Blockchain, which has warned it could run out of cash within the next month, has appointed advisers in the UK, US and Canada, as it seeks to sell assets to strengthen its balance sheet.
16 December 2022
Cayman Islands-incorporated real estate developer Sunac China Holdings has outlined preliminary plans to convert US$3 billion to US$4 billion of its offshore debt into shares or equity-linked instruments, in a restructuring that will be implemented by Hong Kong or Cayman schemes.
12 December 2022
Disgraced international care home group Orpea has revealed a turnaround plan that it hopes to pursue in French conciliation proceedings, which could see it withdraw unprofitable locations globally and equitise around US$3.8 billion in unsecured debt.
21 November 2022
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