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Bumble Bee sale approved in Delaware

Bumble Bee sale approved in Delaware

24 January 2020

A Delaware court has approved a US$925.6 million Chapter 11 asset sale for tinned seafood maker Bumble Bee Foods.

BVI court slams Swiss bankruptcy administrator

BVI court slams Swiss bankruptcy administrator

24 January 2020

A British Virgin Islands judge has suggested that a Swiss bankruptcy administrator behaved inappropriately by allegedly refusing to accept service of an application to appoint liquidators over a Swiss holding company.

Gibson Dunn advising interior designer on Singapore and Malaysia proceedings

Gibson Dunn advising interior designer on Singapore and Malaysia proceedings

23 January 2020

Interior design company Design Studio Group has filed for restructuring proceedings in Malaysia and its native Singapore, with Gibson Dunn & Crutcher and three regional firms advising.

Lecta noteholders approve scheme in London

Lecta noteholders approve scheme in London

23 January 2020

Creditors of global paper manufacturer Lecta have voted to approve a scheme proposed by its English subsidiary in London.

A&M appoints former KPMG director to head new European debt practice

A&M appoints former KPMG director to head new European debt practice

22 January 2020

Global advisory firm Alvarez & Marsal has announced plans to open a new European debt advisory practice.

Oilfield company engineers pre-pack in Texas

Oilfield company engineers pre-pack in Texas

22 January 2020

Panama-incorporated engineering giant McDermott International has filed pre-packaged Chapter 11 proceedings in Texas, with a plan it says will eliminate over US$4.6 billion of debt.

Names to know in Spain

Names to know in Spain

21 January 2020

GRR's guide to the firms and individuals you need to know in Spain's restructuring market.

Spain Worked Out: The highs and lows of homologation

Spain Worked Out: The highs and lows of homologation

21 January 2020

Spain had no pre-petition restructuring tool until 2009. Its first attempt to create one was rather limited. The legislation wasn’t clear on the requirements for the petition itself, and Spanish courts construed it in very different ways, with some interpreting it as granting a temporary moratorium during which the debtor could attempt to strike a deal, but after which it would still be required to enter insolvency proceedings at the end.

Spain Worked Out: Spain’s reforms wish list

Spain Worked Out: Spain’s reforms wish list

21 January 2020

A new, consolidated Insolvency Act and the forthcoming transposition of the European preventive frameworks directive offer opportunities for change in Spain. But Spanish practitioners have other issues on their wish lists for reform too, including specific tweaks to the legislation to clarify points of contention, and broader desires, such as better resourcing of the Spanish courts.

A victim of its own success? Spain Worked Out

A victim of its own success? Spain Worked Out

21 January 2020

GRR is happy to present the latest instalment in its Worked Out series, this time focusing on Spain - whose scheme mechanism in recent years has gained it a reputation as one of the 'best pupils' of international restructuring.

Spain Worked Out: Economic stability, political instability

Spain Worked Out: Economic stability, political instability

21 January 2020

When GRR visited Spain last June, it was nearly three months after its third general election in as many years – but still without a functioning government – with predictions of a fourth general election and further political instability abound.

DLA Piper advising as UK department store Beales collapses

DLA Piper advising as UK department store Beales collapses

21 January 2020

DLA Piper is acting for KPMG as joint administrators of UK department store Beales, which has become the latest victim of the “tough” retail climate.