Work Area: Complex commercial litigation

Former IWIRC chair joins Eversheds Sutherland

Eversheds Sutherland has hired the immediate past chair of the International Women’s Insolvency and Restructuring Confederation from Lowenstein Sandler in New York.

18 May 2023

Portage Point picks up new turnaround co-head and managing director in New York

Chicago-headquartered boutique advisory firm Portage Point has added two new managing partners to its ranks in New York, and named one of them co-chair of its turnaround practice.

18 May 2023

Omni Bridgeway allowed to post an undertaking as security for costs in Hyflux case

For the first time, a Singapore court has allowed litigation funder Omni Bridgeway to submit an undertaking as security for costs, in a lawsuit brought by Hyflux's liquidators against the former CEO of the water treatment company, Olivia Lum.

17 May 2023

Lander & Rogers hires Norton Rose partner in Sydney

A Sydney-based Norton Rose Fulbright partner who advised the administrators of Lehman Brothers’ main European arm in its landmark Waterfall litigation in the UK has joined Lander & Rogers, telling GRR he plans to grow the firm’s cross-border offering.

17 May 2023

HMRC pulls the plug on GAS’s restructuring plan

A British energy supply broker has entered administration after failing to convince an English court to sanction a Part 26A restructuring plan that would have wiped out £6 million in unpaid tax liabilities, marking the first case where a plan failed both the no worse off and fairness tests.

16 May 2023

TLT receives largest damages judgment in Scottish court’s history

UK law firm TLT has been ordered to pay £12.5 million in damages for breach of contract and professional negligence in the way it handled a complaint against the liquidators of a Scottish alcoholic drinks company.

15 May 2023

UK chemicals group Venator files Ch11 pre-pack in Texas

A British chemicals manufacturer has filed for bankruptcy in Texas, a day after it agreed a deal with most of its creditors to wipe out nearly US$1 billion in debt.

15 May 2023

Sullivan & Cromwell hires Kirkland partner

A Kirkland & Ellis partner who has been advising offshore bondholders in the restructurings of Chinese real estate developers Evergrande and Modern Land has moved to Sullivan & Cromwell in Hong Kong.

12 May 2023

Creditors to vote on Fitness First’s workout plan

UK-based gym group Fitness First has secured court approval to convene meetings for nine classes of creditors to vote on an English restructuring plan to slash its rental liabilities and extend the deadline on a half-million-pound payment owed to the UK tax office.

10 May 2023

Quinn Emanuel brought in as Bittrex files Ch11 following SEC charges

Seattle-based crypto platform Bittrex has sought Chapter 11 protection with two of its Maltese subsidiaries and asked a US bankruptcy court to approve a debtor-in-possession loan to be paid and repaid in bitcoins.

09 May 2023

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