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KPMG promotes Monarch administrator

KPMG promotes Monarch administrator

26 April 2018

KPMG has promoted one of the Monarch Travel Group’s joint administrators in London, along with 10 new directors in its restructuring practice around the UK.

New York judge grants relief for liquidators of alleged Australian-Israeli tax evasion scheme

New York judge grants relief for liquidators of alleged Australian-Israeli tax evasion scheme

26 April 2018

A New York judge has recognised the liquidators of four Australian companies at the centre of a tax evasion scandal, over objections from their former controlling family that the Chapter 15 case was a “scorched earth tactic” to “go after” them in the US.

Texas’ Charming Charlie exits Chapter 11 as Nine West submits plan

Texas’ Charming Charlie exits Chapter 11 as Nine West submits plan

25 April 2018

US jewellery and accessories retailer Charming Charlie has emerged from Chapter 11 bankruptcy, while shoe brand Nine West has filed a plan in New York.

English court orders transfer of Russian billionaire’s luxury yacht to ex-wife

English court orders transfer of Russian billionaire’s luxury yacht to ex-wife

25 April 2018

A Russian billionaire’s ex-wife, who has been pursuing a £453 million divorce award, has successfully used English insolvency law to take hold of his US$487 million luxury yacht.

Jones Day trio move to Hogan Lovells in LA

Jones Day trio move to Hogan Lovells in LA

25 April 2018

Hogan Lovells has hired three Jones Day partners in its Los Angeles office, including a new co-head for its US practice.

Mexico’s Oro Negro seeks Chapter 15 relief

Mexico’s Oro Negro seeks Chapter 15 relief

24 April 2018

A Mexican oil rig lessor has filed for US Chapter 15 bankruptcy relief, accusing its main client and bondholders of tortious interference.

Latest Lehman costs decision departs – in part – from the norm

Latest Lehman costs decision departs – in part – from the norm

24 April 2018

In the latest costs decision arising out of the UK Lehman administration, the English High Court has departed from its usual stance of costs being borne by the estate, ruling that a portion of the Waterfall IIC case resembled an adversarial commercial litigation more than a matter of general concern in aid of the administrators.

Toys “R” Us finds buyers for central European and Canadian stores

Toys “R” Us finds buyers for central European and Canadian stores

24 April 2018

Toys “R” Us has reached deals to rescue its stores in Germany, Austria and Switzerland and Canada, a month after announcing the closure of all of its UK and US stores.

Singapore court clarifies approach to winding up quasi-partnerships

Singapore court clarifies approach to winding up quasi-partnerships

23 April 2018

A Singapore court has refused to wind up three companies at the centre of a cross-border family dispute, clarifying its approach to winding up quasi-partnerships after the death of a shareholder.

Harvey Weinstein seeks discovery from bankruptcy court to “exonerate himself” from sexual misconduct claims

Harvey Weinstein seeks discovery from bankruptcy court to “exonerate himself” from sexual misconduct claims

23 April 2018

Disgraced movie producer Harvey Weinstein has asked a Delaware bankruptcy judge to order the studio he co-founded to turn over emails he says will “exonerate” him from accusations of sexual misconduct.

Giorgio Corno: founder of Studio Corno in Milan, and a solicitor admitted to practise in England and Wales

Giorgio Corno: founder of Studio Corno in Milan, and a solicitor admitted to practise in England and Wales

23 April 2018

What led you to focus on cross-border restructuring and insolvency? At the beginning of 2000 a friend of mine asked me to contribute with a chapter...

Washington, DC: IWIRC recognises “remarkable” members at spring conference

Washington, DC: IWIRC recognises “remarkable” members at spring conference

23 April 2018

The International Women’s Insolvency & Restructuring Confederation has handed out its annual founders awards to members from Singapore and Chicago at its spring conference in Washington, DC.