A Russian a bankruptcy trustee trying to get control of an Italian villa that she claims belongs to former Vneshprombank owner Georgy Bedzhamov, will go to trial against his long-term partner – who claims the property belongs to her – in May, where questions will be raised over a litigation funding agreement the trustee has entered that could be in breach of sanctions.
15 March 2024
A month after recruiting a new head for its Caribbean offering, UK-headquartered advisory firm Quantuma has added a cross-border specialist from Big Four firm PwC to its British Virgin Islands office.
07 March 2024
The liquidators of five affiliated British Virgin Islands shell companies connected with scandal-ridden Malaysian sovereign wealth fund 1MDB have filed for recognition in Miami, adding to at least 12 offshore vehicles that have already petitioned the same court.
21 February 2024
The joint provisional liquidators of a Cayman-registered, mainland China-based blood storage group have blocked the transfer of its Hong Kong-incorporated subsidiaries to a Japanese national, after a Hong Kong court found the documents executing the transfers were void.
13 February 2024
A US affiliate of Indian edu-tech group Byju has entered Chapter 11 to pursue a hedge fund apparently registered to a Florida fast food restaurant for over US$500 million, as the group’s parent faces an insolvency petition in India from GLAS.
06 February 2024
An asset recovery firm linked to partners at UK law firm Rosling King and Ukraine’s Gotovska & Partners, which purchased claims from a bankrupt Ukrainian bank, has failed in its bid to pursue an embezzlement suit against the bank’s billionaire indirect owner in London.
01 February 2024
Kroll’s global co-head of restructuring Sarah Rayment discusses the art of valuation in court-led restructurings, whether China’s real estate problem has migrated to the UK, and whether COMI should remain the basis for where to file insolvency and restructuring proceedings.
15 January 2024
A British Virgin Islands judge has issued an injunction against two locally incorporated cryptocurrency issuers and allowed a Dubai-based gold broker to serve an unknown party, who allegedly stole $3 million in cryptocurrency from him, via a non-fungible token.
21 December 2023
The Brazilian judicial administrator of a São Paulo-based data processing company accused of running a crypto pyramid scheme has applied for Chapter 15 recognition in Miami in an effort to help it examine witnesses and track down assets.
06 December 2023
A court in the Dubai International Financial Centre has lifted a stay on professional negligence proceedings brought by two subsidiaries of collapsed UAE private equity fund Abraaj against its former auditor KPMG.
30 November 2023
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