Work Area: Corporate reorganisations

Promotion roundup: Weil, Simpson Thacher, Cleary, White & Case and Interpath

Weil’s Houston office is gaining a new restructuring partner, Simpson Thacher is promoting in London, and Cleary is elevating a senior attorney in New York, as White & Case names four new partners across the US and Europe for 2024, and Interpath promotes two new directors.

28 November 2023

GenesisCare Chapter 11 plan confirmed in Texas

Global cancer care and radiotherapy specialist GenesisCare has secured confirmation of a Chapter 11 plan in Texas to shave off US$1.7 billion from its US$2 billion debt pile.

27 November 2023

Baker & Partners grows its BVI office

A former Bedell Cristin partner who was British Virgin Islands counsel to crypto hedge fund Three Arrows Capital in the run up to its multibillion-dollar liquidation, has joined Baker & Partners after four years at her former firm.

23 November 2023

US court dismisses TV Azteca involuntary Ch11

Noteholders of the Mexican broadcaster TV Azteca have had their involuntary Chapter 11 filed against it dismissed, after a New York court found their claims were subject to a bona fide dispute, a week after a court-ordered mediation failed.

22 November 2023

StaRUG and Ch15 paired up to restructure online dating group

A group that develops mature-person and faith-led online dating apps including J-date and Christian Mingle, has launched a StaRUG and what will possibly be the first Chapter 15 recognition of the German process, to deal with a US$100 million debt liability.

20 November 2023

Ashurst loses second partner in Munich

An Ashurst partner who advised German automotive supplier Benteler on a multi-billion euro restructuring and refinancing deal has joined Jones Day, after seven years at his former firm.

17 November 2023

Katten grows its New York restructuring team

A Mayer Brown partner who advised on the multi-billion dollar restructuring of financial services firm GWG Holdings has joined Katten Muchin Rosenman’s insolvency and restructuring practice in New York.

16 November 2023

“Law in this area is evolving quite rapidly”: Sunac secures Ch15 recognition

Sunac China Holdings has become the first Hong Kong-based holding company of a group operating in mainland China to secure recognition of a Hong Kong scheme in New York.

15 November 2023

Valuation in restructuring contexts and the impact of ESG

Senior managing director Alexis Anaman and managing director Jonathan Dyer at FTI Consulting in London give a brief overview of the considerations for valuing businesses in distress, assess how valuation has been treated in real-life restructuring situations, and point to the emerging focus of ESG considerations in the valuation process.

15 November 2023

China Aoyuan to seek creditor approval for Cayman, BVI and HK schemes

Cayman Islands-incorporated China Aoyuan Group has become the latest Chinese real estate developer to try and restructure its offshore debt, filing scheme proceedings in the Cayman Islands, British Virgin Islands and Hong Kong to deal with US$6.25 billion of obligations.

14 November 2023

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