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Weil Gotshal advising as scheme meetings convened for Doncasters Group

Weil Gotshal advising as scheme meetings convened for Doncasters Group

17 January 2020

The High Court in London has convened a pair of scheme meetings for indebted international alloy manufacturer Doncasters Group, with Weil Gotshal & Manges and Latham & Watkins advising.

Lebara completes restructuring

Lebara completes restructuring

16 January 2020

Six months after bondholders took control of the company through a “ground-breaking” coercive share pledge enforcement, UK telecoms group Lebara has completed its capital restructuring.

Australian retailer Jeanswest enters administration as company looks for new fit

Australian retailer Jeanswest enters administration as company looks for new fit

16 January 2020

Hong Kong-owned retailer Jeanswest has appointed Sydney-based KPMG partners Peter Gothard and James Stewart as voluntary administrators as it looks to rescue its Australian business.

Guernsey courts given power to wind up foreign companies

Guernsey courts given power to wind up foreign companies

16 January 2020

Guernsey practitioners have welcomed new amendments to the island’s insolvency regime, which include giving courts the power to wind up foreign companies.

Alleged real estate fraudster files Chapter 15 in Florida

Alleged real estate fraudster files Chapter 15 in Florida

15 January 2020

The bankruptcy trustee of a Canadian mortgage investor who allegedly oversaw a “massive” fraudulent scheme has filed for Chapter 15 protection in Florida.

Flybe rescue prompts EU state aid complaint from BA owner

Flybe rescue prompts EU state aid complaint from BA owner

15 January 2020

The UK government has swooped in to rescue regional airline Flybe, prompting the owner of rival airline British Airways to file a state aid complaint to the European Commission.

US Supreme Court says bankruptcy stay orders are “immediately appealable”

US Supreme Court says bankruptcy stay orders are “immediately appealable”

15 January 2020

A bankruptcy court’s decision to deny a creditor’s motion for relief from the automatic stay is an “immediately appealable” order, the US Supreme Court has ruled.

Norton Rose and Hughes Hubbard promote in Australia, US and UK

Norton Rose and Hughes Hubbard promote in Australia, US and UK

14 January 2020

Norton Rose Fulbright have made restructuring and insolvency partner promotions in Sydney and London while Hughes Hubbard & Reed have announced a new partner in New York.

Mainland Chinese liquidators recognised in Hong Kong for first time

Mainland Chinese liquidators recognised in Hong Kong for first time

14 January 2020

A Hong Kong court has recognised a mainland Chinese liquidation for the first time, granting a stay on creditor proceedings after declining to follow a 110-year-old English precedent.

INSOL Insights: Rapid evolution in Chinese bankruptcy and reorganisation

INSOL Insights: Rapid evolution in Chinese bankruptcy and reorganisation

14 January 2020

King & Wood Mallesons restructuring partner Sam Kinsey shares her key takeaways from recent insolvency seminars in Beijing and Shanghai. There are positive signs, but considerable uncertainty remains, she says.

Lupatech Chapter 15 closed for second time

Lupatech Chapter 15 closed for second time

13 January 2020

A New York court has closed the Chapter 15 case of Brazilian oil and gas company Lupatech for the second time, after the case was reopened in 2018.

Two dissolved Scottish companies to face IP lawsuit in Texas

Two dissolved Scottish companies to face IP lawsuit in Texas

13 January 2020

A Scottish court has agreed to restore two liquidated engineering companies so they can properly face a host of civil claims brought against them in the United States.