Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

All Articles

Trower named to English High Court

Trower named to English High Court

15 August 2019

South Square’s William Trower QC has been appointed as a judge in the High Court of England and Wales.

Madoff investor’s Cayman liquidation recognised in New York

Madoff investor’s Cayman liquidation recognised in New York

14 August 2019

A New York court has recognised the Cayman liquidation of a Madoff Ponzi scheme investor, overturning a shareholder’s objection that the islands were not its centre of main interest (COMI).

Bondholders take control of Lebara after Dutch enforcement ruling

Bondholders take control of Lebara after Dutch enforcement ruling

14 August 2019

In a “ground-breaking” ruling in the Netherlands, a group of bondholders has taken control of English telecoms group Lebara through a coercive share pledge enforcement against its Dutch holding company, Vieo.

Homebuyers’ rights upheld in India

Homebuyers’ rights upheld in India

13 August 2019

India’s supreme court has upheld the rights of prospective homebuyers to bring proceedings against defaulting property developers under the country’s Insolvency and Bankruptcy Code (IBC).

Deutsche petition hits Chinese solar restructuring

Deutsche petition hits Chinese solar restructuring

13 August 2019

Deutsche Bank has filed a winding-up petition in Hong Kong against a Chinese solar energy company seeking to restructure US$430 million of debt.

Liquidators appointed over Cayman health company accused of fraud

Liquidators appointed over Cayman health company accused of fraud

12 August 2019

A Hong Kong court has appointed Borrelli Walsh as provisional liquidators of a Cayman healthcare company, which has already brought in Grant Thornton and FTI Consulting to investigate alleged auditing irregularities.

Community roundup: Noerr, Gordon Rees, Holland & Knight, UHY Hacker Young, Fox Rothschild and BDO

Community roundup: Noerr, Gordon Rees, Holland & Knight, UHY Hacker Young, Fox Rothschild and BDO

12 August 2019

Firms in Munich, Philadelphia, London and Greenville, South Carolina have all added to their restructuring practices, while advisory BDO has acquired boutique restructuring and turnaround firm Loughlin Management Partners & Co in the US.

Walkers facing US$400 million professional liability claim

Walkers facing US$400 million professional liability claim

09 August 2019

A Cayman court has opened the door for a US$400 million professional liability claim against Walkers, over accusations it breached its duty to a group of former clients by advising a Brazilian trustee whose investigations forced them into bankruptcy.

White & Case, Addleshaw Goddard and Deloitte on Karen Millen pre-pack sale

White & Case, Addleshaw Goddard and Deloitte on Karen Millen pre-pack sale

09 August 2019

British online fashion retailer Boohoo tapped White & Case when it bought the intellectual property of struggling bricks-and-mortar rival Karen Millen out of administration this week.

Lawyers clash over debt discharge in Chapter 7 case

Lawyers clash over debt discharge in Chapter 7 case

09 August 2019

A Florida court has made a series of rulings in adversary proceedings launched against the former controller of an insolvent Ecuadorian bank, but lawyers for the parties have clashed over whether they mean his debts - including a UK Privy Council judgment - can be discharged.

Restructuring in the Middle East: new restructuring laws in the GCC

Restructuring in the Middle East: new restructuring laws in the GCC

09 August 2019

Charles Russell Speechlys partners Roger Elford in London and Patrick Gearon in Manama compare and contrast new restructuring legislation in the UAE, Saudi Arabia and Bahrain, highlighting the early cases that are testing the laws.

BVI bench reverses receivership ruling in Russian assets row

BVI bench reverses receivership ruling in Russian assets row

08 August 2019

A British Virgin Islands appeals court has cited comity and a decade-old Yukos precedent as reasons for voiding the receivership of a company at the centre of a cross-border inheritance fight over a murdered Russian businessman’s offshore estate.