Work Area: Corporate reorganisations

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

Duane Morris hires Moses & Singer partner in New York

Moses & Singer partner Jessica Bonteque has joined Duane Morris in New York, bringing with her experience advising creditors on the restructurings of Latin American airlines Avianca and LATAM.

23 May 2023

Gernandt & Danielsson assists Swedish property manager as distress hits local real estate

Stockholm firm Gernandt & Danielsson has helped a local residential property manager complete a US$218 million equity restructuring to help it weather plummeting property prices in Sweden.

23 May 2023

Prezzo plan sanction hearing to consider “give and take” questions

The parent of UK casual dining chain Prezzo has been permitted to convene four meetings of creditors to vote on a Part 26A restructuring plan, after reaching an agreement with the UK tax authority to leave jurisdictional issues regarding “give and take” to the sanction stage.

22 May 2023

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

Canadian theme park ride creator rolls into bankruptcy

A Toronto-listed roller coaster manufacturer that builds rides for Disney and Universal Studios resorts in the US, Japan and China has sought Chapter 15 relief in Texas while it negotiates a sale to its debtor-in-possession lender.

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

Shearman and Gibson Dunn advising as Vice set to sell at discount

A group led by George Soros’ investment management firm, New York-headquartered Fortress Investment, and middle market lender Monroe Capital is planning to buy troubled media group Vice out of bankruptcy.

15 May 2023

Canadian pharma group wins temporary stay in Delaware

Nova Scotia-based pharma group IMV has secured interim relief in Delaware to protect its property in the United States while it seeks recognition of a Canadian restructuring.

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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