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

All Articles

R3 appoints Swift as new president

R3 appoints Swift as new president

07 May 2019

Moore Stephens partner Duncan Swift has taken over the presidency of British insolvency trade association R3.

Kalo hires from Borelli Walsh

Kalo hires from Borelli Walsh

07 May 2019

Offshore boutique firm Kalo has hired a manager in the British Virgin Islands from Borrelli Walsh.

Puerto Rico reaches PREPA restructuring agreement

Puerto Rico reaches PREPA restructuring agreement

07 May 2019

Puerto Rico’s fiscal oversight board has agreed a deal with bondholders of a government-owned power utility, allowing the restructuring of its US$8 billion debt.

Indian textile company files Chapter 15 in Delaware

Indian textile company files Chapter 15 in Delaware

07 May 2019

A bankrupt Indian textile company has filed Chapter 15 proceedings in Delaware to “level the playing field” after it accused a US creditor of violating an Indian moratorium order.

Kirkland breaks own Chapter 11 record with Sungard approval

Kirkland breaks own Chapter 11 record with Sungard approval

03 May 2019

UPDATED: Kirkland & Ellis has beaten its own recent record for the fastest-ever Chapter 11 approval process by an hour, with the pre-packed restructuring of disaster relief technology company Sungard.

SRA publishes allegations against Freshfields partner

SRA publishes allegations against Freshfields partner

03 May 2019

The Solicitors Regulation Authority has published its allegations against Freshfields Bruckhaus Deringer restructuring partner Ryan Beckwith, who is facing the Solicitors Disciplinary Tribunal accused of having non-consensual sex with a junior colleague.

Dentons partner named Alberta's justice minister

Dentons partner named Alberta's justice minister

03 May 2019

Doug Schweitzer, a restructuring and insolvency partner in Dentons’ Calgary office, has been named as the new justice minister of the Canadian province of Alberta.

Irwin Mitchell hires from Edwin Coe in London

Irwin Mitchell hires from Edwin Coe in London

03 May 2019

Edwin Coe partner Kunal Gadhvi has joined UK firm Irwin Mitchell’s office in London.

Reconfirmed Puerto Rico oversight board hits vendors with lawsuit barrage

Reconfirmed Puerto Rico oversight board hits vendors with lawsuit barrage

02 May 2019

Puerto Rico’s freshly reappointed fiscal oversight board has filed hundreds of avoidance actions against vendors this week, in a bid to claw back about US$4.2 billion for the island territory.

Abengoa restructures again after reaching creditor resolution

Abengoa restructures again after reaching creditor resolution

02 May 2019

Renewable energy group Abengoa has carried out its second restructuring in three years, after reaching a resolution with creditors who objected to its 2016 judicially approved Spanish scheme of arrangement.

Joint liquidators appointed over dissolved Guernsey claims handler

Joint liquidators appointed over dissolved Guernsey claims handler

02 May 2019

A Guernsey court has handed down its reasons for appointing joint liquidators over dissolved claims handler Highbridge Investments, finding the possibility its customers had been “duped” warranted further investigation.

Fashion house Sonia Rykiel in French receivership and US Chapter 7

Fashion house Sonia Rykiel in French receivership and US Chapter 7

01 May 2019

French fashion house Sonia Rykiel has entered receivership in Paris and Chapter 7 liquidation proceedings in New York after years of financial struggle.