Work Area: Arbitration
“We've seen an evolution in the bankruptcy sphere”: an interview with Omni Bridgeway’s Jim Batson
One year after his appointment as Omni Bridgeway’s co-chief investment officer in the US, Jim Batson tells GRR about the “evolution” he has seen in the bankruptcy space in recent years, why he thinks litigation financing is at its heart an ESG product and what factors are considered when funders are deciding to invest.
07 March 2023
Hogan Lovells advising as US investors' agent pursues Ukrainian grain terminal bankruptcy
Hogan Lovells is advising a security trustee that has filed a bankruptcy petition against a Ukrainian grain terminal operator on behalf of a pair of US investors, after successfully obtaining a worldwide freezing order from an English court against its owners last month.
13 February 2023
German car parts maker Leoni reappoints pandemic CRO after failed sale
Latham & Watkins and Hengeler Mueller are advising German automotive wiring manufacturer Leoni as it reinstates a chief restructuring officer it relied on during the pandemic, following the failed disposal of a subsidiary that jeopardised its 2022 restructuring plan.
20 January 2023
Crypto investors lodge class action over alleged concealed insolvency
Cryptocurrency lender Genesis is facing a class action arbitration claim from three investors who accuse it of conducting a billion-dollar sham transaction to conceal that it has been insolvent for months.
06 January 2023
Canadian Supreme Court upholds insolvency court's power to find arbitration clauses inoperative
Canadian insolvency legislation empowers courts to consider arbitration clauses inoperative if enforcing them would compromise a receivership and hurt creditors, the country's top court has said, in a case that would otherwise have required EY as receiver to use funds from an insolvent contractor’s estate to pursue at least four arbitrations with seven different sets of parties.
25 November 2022
SGRI, Singapore: crypto collapses “enliven” opportunity for mediation
The high-profile collapses of FTX and other crypto companies will lead to the “next wave” of mediations and arbitrations, according to speakers at the Singapore Global Restructuring Initiative’s inaugural conference.
15 November 2022
Latham advising as Bang energy drink owner files Ch11 in Florida
The owner of US energy drink Bang is seeking bankruptcy protection in Miami to overhaul its distribution system and stay a host of litigation, including trademark infringement and false advertising claims from a rival company.
11 October 2022
Amazon’s fraud allegations faulter as Future Retail enters restructuring in India
Indian counsel working for Jeff Bezos’ Amazon have failed to stop the Bank of India placing local conglomerate Future Retail into a corporate insolvency resolution process, with the National Company Law Tribunal’s Mumbai Bench dismissing “baseless” allegations of fraud against the debtor and its creditors.
25 July 2022
3AC collapse reveals billion-dollar creditor arbitration claim
Three Arrows Capital was pulled into a US$2.4 billion arbitration by a Singapore-based currency trader a couple of weeks before it entered liquidation, documents prepared by its British Virgin Islands liquidators have revealed.
22 July 2022
China's Shandong Chenming faces Hong Kong winding up as appeal fails
A mainland Chinese conglomerate has failed on a final appeal to block a Hong Kong court from hearing a winding up petition against it over an unpaid arbitral award, in a decision that local lawyers say has strengthened the position of creditors by taking a "broader and more commercially holistic" approach to the "benefit" threshold requirement for winding up a foreign company.
22 June 2022