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

All Articles

A game of two halves: US-Canadian sports retailers pursue restructuring plans

A game of two halves: US-Canadian sports retailers pursue restructuring plans

08 November 2016

Two US-Canadian sports retailers have advanced their restructuring efforts this week: Performance Sports has commenced parallel bankruptcy proceedings in the US and Canada, while Golfsmith has received court approval of a restructuring plan that will see virtually all of its assets sold in both jurisdictions.

Hong Kong court criticises “obtuse” questioning of recognition procedures

Hong Kong court criticises “obtuse” questioning of recognition procedures

08 November 2016

A Hong Kong court has criticised lawyers for the Development Bank of Singapore (DBS) for disingenuously misinterpreting recognition precedents to delay their cooperation with the liquidators of a Cayman Islands-based investment vehicle.

Carey Olsen launches new Hong Kong office

Carey Olsen launches new Hong Kong office

08 November 2016

Offshore law firm Carey Olsen has opened an office in Hong Kong with a focus on insolvency and dispute resolution as part of its “continued expansion” into the region.

Sovereign debt column: What to do about contingent liabilities?

Sovereign debt column: What to do about contingent liabilities?

07 November 2016

Andrew Shutter, partner at Cleary Gottlieb Steen & Hamilton in London, considers the difficult issue of how to deal with the contingent liabilities of a distressed sovereign debtor.

Enterprise Insurance to be wound-up in Gibraltar as breach of regulations found

Enterprise Insurance to be wound-up in Gibraltar as breach of regulations found

07 November 2016

A Gibraltarian court has appointed an official liquidator to wind-up European insurance firm Enterprise Insurance amid evidence of regulatory breaches.

RBS lawsuit provides “test case” for third-party funders’ anonymity

RBS lawsuit provides “test case” for third-party funders’ anonymity

07 November 2016

RBS is entitled to know the identities of supposed financial backers behind a £700 million suit against it filed by the owner of an insolvent group of companies, the High Court of England and Wales has ruled.

Australian miner files for Chapter 15 protection in New York

Australian miner files for Chapter 15 protection in New York

07 November 2016

Australian mining equipment supplier Emeco has filed for Chapter 15 protection in New York, as a Sydney court considers its scheme of arrangement.

Asset recovery column: Claims and relief available in cross-border bankruptcies – equitable and pre and post-judgment remedies

Asset recovery column: Claims and relief available in cross-border bankruptcies – equitable and pre and post-judgment remedies

07 November 2016

Ed Davis and Annette Escobar, founding member and partner at Astigarraga Davis in Miami, present the pre and post-judgment remedies available via adversary cases in Chapter 15 proceedings before the US Bankruptcy courts.

Bankruptcy in Brazil: Swapping an axe for a scalpel

Bankruptcy in Brazil: Swapping an axe for a scalpel

07 November 2016

GRR’s sister magazine, Latin Lawyer, looked at some of the creative ways Brazil's new bankruptcy law is being used to help companies restructure; what more can be done to make it fit for purpose; and how law firms are positioning themselves to take advantage of a boom in work.

Europe column: EU welcomes the debtor in possession

Europe column: EU welcomes the debtor in possession

07 November 2016

Bob Wessels, professor emeritus of international insolvency law at the University of Leiden, takes a detailed look at the wording within the Recast European Insolvency Regulation and the UNCITRAL Model Law on Cross-Border Insolvency.

UK court approves Nortel’s global settlement

UK court approves Nortel’s global settlement

04 November 2016

The High Court of England and Wales has cleared bankrupt telecoms group Nortel to implement a global settlement relating to the long-delayed allocation of its US$7.3 billion in liquidation proceeds.

GRR Live will examine the UK's future position in the world

GRR Live will examine the UK's future position in the world

04 November 2016

As the England and Wales High Court throws a spanner in the works for the UK’s Brexit plans, GRR Live in a few weeks will consider where the UK will sit in the international restructuring landscape in future.