Work Area: Arbitration

Vietnamese power project developer enters JM as court applies AnAn principles

A Thai-owned power producer has persuaded a Singapore court to place the developer of a large project in Vietnam into judicial management, denying a request for a stay on the grounds that a disputed debt should be referred to arbitration.

24 May 2023

Kuwait telecoms company allowed to serve second bankruptcy petition on Saudi prince

A Kuwaiti telecoms group has won permission to serve a second bankruptcy petition on a Saudi prince after he again failed to convince the High Court in London he has no place of residence in the UK.

19 May 2023

Stay lifted for Greek shipping group while contested Ch7 continues

Weeks after three noteholders filed an involuntary Chapter 7 proceeding against Greek shipping group Eletson, a New York court has lifted the resultant automatic stay to allow the alleged debtor to move forward with an arbitration.

17 April 2023

Credit Suisse bondholder group hires Quinn Emanuel

Quinn Emanuel has won a sought-after mandate to represent one group of Credit Suisse AT1 bondholders in their effort to recover losses suffered following the bank’s merger with Swiss rival UBS, while GRR understands two other groups are emerging that are in "advanced discussions" with Pallas Partners.

03 April 2023

Former law firm partner charged with bankruptcy fraud

A former partner at several well-known US law firms has been charged with making false statements in Chapter 11 bankruptcy proceedings.

31 March 2023

Credit Suisse bondholders to choose lawyers

With Credit Suisse bondholders set to decide who to instruct following the wipe-out of their AT1 bonds, lawyers have been setting out their litigation strategies, including plans to argue that Switzerland's financial regulator was wrong to claim there was a “viability event” at the bank earlier this month.

27 March 2023

Seychelles court approves CoinFLEX restructuring

Crypto exchange CoinFLEX has won approval of its scheme of arrangement despite objections from potential creditors, after a court in the Seychelles varied an initial order requiring the company to obtain unanimous creditor support.

23 March 2023

“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

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