Eight years since its fatal dam accident in the Brazilian state of Minas Gerais, a local court has approved a reorganisation plan for miner Samarco that was supported by a majority of its creditors and shareholders.
06 September 2023
Contradicting an earlier English ruling, Germany’s Federal Court of Justice has found that heat exchange group Galapagos’ insolvency proceedings and disputes relating to them belong in Dusseldorf post-Brexit, and not in London where the group was wound up in June.
02 February 2023
Loan agency and bond trustee service provider GLAS was validly appointed trustee to bonds issued by a Luxembourg-based subsidiary of Chinese fashion conglomerate Shandong Ruyi and may pursue it for €250 million in debt, an English court has affirmed – the latest event in a two-year multi-jurisdictional dispute between bondholders and issuer over the shares in a French fashion house.
21 October 2022
A Mexican judge has permitted an appeal against lender Crédito Real’s domestic liquidation, as it prepares to fight an involuntary Chapter 11 filing in Delaware a month from now.
19 August 2022
A Cayman court has issued its reasons for permitting the 1MDB-linked beneficial owner of shares in a local investment vehicle, to convert the vehicle's voluntary liquidation into a court-supervised winding up, where proceedings to vindicate share rights can normally only be brought by a registered shareholder under Cayman law.
03 May 2022
Partner Adam Crane and associate Nicosia Lawson at Baker & Partners in the Cayman Islands discuss some of the key developments that will likely impact the local disputes industry in 2022 and beyond: from the Chinese debt bubble to a new statutory framework for litigation funding, and changes afoot in Cayman’s restructuring regime and judiciary.
11 February 2022
Retail conglomerate Steinhoff has conditionally settled disputes with two sets of creditors who had threatened to derail its hard-won €10 billion global settlement in South Africa.
16 December 2021
Stephenson Harwood has recruited a contentious insolvency partner from Wedlake Bell, who tells GRR she is already seeing an increase in fraud investigations in relation to the UK government’s coronavirus support measures.
09 November 2021
The liquidators of a Cayman Islands beauty products e-commerce company have secured emergency relief from a New York bankruptcy court to freeze funds held in the local payment processing account of one of the company’s former clients, amid an international dispute over who owns the funds.
05 November 2021
Shareholders of a leather furniture manufacturer who sought to overturn the sale of its business a year ago on the basis that its judicial managers should have approved a different investment offer, have failed to persuade the Singapore Court of Appeal.
10 September 2021
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