Topic: Special situations

Former Paul Hastings restructuring vice-chair joins Ropes & Gray

After hiring Paul Hasting partner Chris Dickerson in Chicago, one of Ropes & Gray’s restructuring co-chairs tells GRR the firm has plans to continue to grow its restructuring and special situations practice and expand its share of the market.

03 October 2023

NRF recruits Bryan Cave partner in New York

Bryan Cave Leighton Paisner partner Andrew Schoulder has joined Norton Rose Fulbright’s special situations team in New York, bringing with him experience working on the restructurings of European shipping groups Excel Maritime and Marco Polo Seatrade.

22 June 2023

Bulb Energy transfer scheme given green light

Three of the UK’s largest energy companies have failed to convince an English court it has a larger role to play scrutinising the takeover of collapsed competitor Bulb Energy, in a deal they say provides a government-funded “dowry” to British renewable group Octopus Energy.

01 December 2022

Paul Weiss hires partner from O’Melveny in New York

Paul Weiss Rifkind Wharton & Garrison has recruited a former O’Melveny & Myers partner who worked for lenders on the fastest-ever Chapter 11, to co-head the firm’s newly formalised hybrid capital and special situations practice.

07 November 2022

Former Bain Capital managing director joins Akin Gump in New York

Kirkland & Ellis partner Ranesh Ramanathan has joined Akin Gump Strauss Hauer & Feld to co-lead its special situations and private credit group in New York, bringing with him experience representing foreign investors in distressed acquisition transactions in India.

06 October 2022

Firestar Diamond lenders disallowed claims in New York liquidation

Lenders who financed the operations of an Indian jeweller at the centre of a multi-billion-dollar fraud investigation will not be able to make claims in its US liquidation based on credit facilities they extended to non-debtor affiliates, after a court found the facilities were transfers that were disallowable under US bankruptcy law.

14 September 2022

Nord Stream 2 pipeline wins moratorium extension until January

The Swiss parent company of ill-fated offshore natural gas pipeline Nord Stream 2 has successfully obtained an extension of bankruptcy protection after sanctions imposed on Russia withered hopes the pipeline would secure the approval needed to operate.

12 September 2022

Freshfields advising Naftogaz as one tranche of bondholders agrees deferral deal

Freshfields Bruckhaus Deringer has advised Ukrainian state-owned natural gas company Naftogaz on a deal reached with one tranche of Eurobond holders to defer repayments for two years – but negotiations with two more tranches are ongoing.

05 September 2022

Japan’s Anderson Mori & Tomotsune launches in London with restructuring work on the agenda

“I want to enhance our recognition in London, the UK and Europe,” Anderson Mori & Tomotsune’s new London office head - who worked on the Virgin Australia airline restructuring at the height of the covid-19 pandemic - tells GRR.

05 September 2022

Heads-Up: Fiona Huntriss and Neil Pigott at Pallas Partners in London

Featured in Heads-Up

Fiona Huntriss and Neil Pigott, partners in the London litigation and disputes boutique founded by former Boies Schiller Flexner deputy chair Natasha Harrison in February, tell GRR what it’s like to work in London’s newest law firm, explain why Eastern Europe is an area to watch, and share their thoughts on the UK’s proposals to adopt two new Model Laws from UNCITRAL Group V.

12 August 2022

Unlock unlimited access to all Global Restructuring Review content