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Mining consultant tries to revive conspiracy lawsuit against PwC in London

Mining consultant tries to revive conspiracy lawsuit against PwC in London

26 June 2019

A mining consultancy has tried to revive claims PwC cheated it out of millions while acting as administrators of a mining company in Sierra Leone.

GlassRatner hires in New York

GlassRatner hires in New York

26 June 2019

US-based financial advisory firm GlassRatner Advisory & Capital Group has recruited a new principal to co-head its New York practice.

Major firms advise in battle for Avianca slots

Major firms advise in battle for Avianca slots

25 June 2019

Nearly a dozen Brazilian law firms have been enlisted in the fight over the future of Avianca Brasil, with the airline’s bankruptcy proceedings drawing closer to a resolution this week.

Repsol, YPF refused New Jersey depositions in Maxus Chapter 11 suit

Repsol, YPF refused New Jersey depositions in Maxus Chapter 11 suit

25 June 2019

Spanish and Argentine related entities of oil company Maxus Energy have been refused permission to re-use depositions from a New Jersey lawsuit, in defence of an environmental liability action in Maxus’ Delaware Chapter 11 proceedings.

Young Conaway hires bankruptcy litigation partner in Delaware

Young Conaway hires bankruptcy litigation partner in Delaware

25 June 2019

Young Conaway Stargatt & Taylor has hired partner Kevin Guerke from Baird Mandalas Brockstedt in Delaware.

Madoff feeder fund refused damages again on reflective loss grounds

Madoff feeder fund refused damages again on reflective loss grounds

24 June 2019

The liquidators of a Madoff feeder fund have failed to obtain damages from its former administrator and custodian and may now appeal to the UK Privy Council, after a Cayman appeals court struck down their claim on reflective loss grounds.

Australian High Court ruling puts employees first in trustee insolvency

Australian High Court ruling puts employees first in trustee insolvency

24 June 2019

Australia’s High Court has given priority status to employee creditors who work for insolvent trustees, resolving a nearly 40-year-old insolvency law question.

Quadriga founder funnelled client money into personal accounts, monitor says

Quadriga founder funnelled client money into personal accounts, monitor says

21 June 2019

The court-appointed monitor of bankrupt Canadian cryptocurrency exchange QuadrigaCX said its late founder funnelled client money into personal accounts and spent much of it on real estate and lavish holidays with his wife.

Jet Airways' Dutch administrator refused recognition in Mumbai

Jet Airways' Dutch administrator refused recognition in Mumbai

21 June 2019

A Mumbai tribunal has refused to recognise Indian airline Jet Airways’s Dutch administrator, appointing a Grant Thornton partner as interim resolution professional (IRP) for the company’s bankruptcy.

Restructuring in Turkey: A new paradigm?

Restructuring in Turkey: A new paradigm?

20 June 2019

White & Case partners Ian Wallace in London and Güniz Gökçe in Istanbul, and local partner Ateş Turnaoğlu in Istanbul, discuss the outlook for restructuring in Turkey.

Singapore debt restructuring for offshore marine group after EY audit

Singapore debt restructuring for offshore marine group after EY audit

20 June 2019

Rajah & Tann is advising a Singapore-based oil and gas services provider after auditors from EY cast doubt on the group’s ability to continue as a going concern.

Icelandic creditor’s bankruptcy petition against British businessman rejected

Icelandic creditor’s bankruptcy petition against British businessman rejected

19 June 2019

An Icelandic bank’s bankruptcy petition against the co-founder of fashion chains All Saints and Karen Millen has failed, in a decision the bank’s counsel says will determine how the Lugano Convention is interpreted.