Work Area: Corporate reorganisations
Isle of Man liquidator seeks Chapter 15 recognition in US first
In what is thought to be the first application for recognition of an Isle of Man voluntary liquidation in the US, an Africa-focused private jet operator's liquidator has filed a Chapter 15 in Oklahoma to stall a local litigation and try to access escrow funds.
14 January 2022
FRP boosts London restructuring team
FRP Advisory has expanded its restructuring team in London with a partner hire from the UK’s financial regulator and a new director who worked on the Thomas Cook and HMV insolvencies.
13 January 2022
Promotions round-up: new year, new partners
Jones Day, Norton Rose Fulbright, Hughes Hubbard & Reed and Harneys have made partner promotions around the world, while Davis Polk & Wardwell has named a new counsel and Cole Schotz has announced new members in North America.
11 January 2022
J&J Chapter 11 recognised in Canada
A Canadian court has recognised healthcare conglomerate Johnson & Johnson’s controversial “Texas two-step” Chapter 11 restructuring and US injunction, temporarily blocking personal injury claims against the group in the country.
05 January 2022
Nordic Aviation files Chapter 11 after completing Irish scheme
After completing an Irish scheme of arrangement last year, aircraft leasing company Nordic Aviation Capital (NAC) has filed a pre-arranged Chapter 11 in the US that will see its largest creditors take it over.
21 December 2021
Court keeps Bulb creditor details secret in UK’s first special energy administration
Power supplier Bulb Energy’s administrators have been allowed to keep its creditors’ details out of the public domain, weeks after it entered the UK’s first-ever energy supply company special administration.
15 December 2021
Morgan Stanley executive director joins Alvarez & Marsal in London
Alvarez & Marsal has hired a new managing director in London with experience advising drilling services company Seadrill and South African retailer Edcon.
02 December 2021
Carillion directors claim disqualification proceeding is “oppressive”
Non-executive directors of collapsed construction company Carillion have told an English court that disqualification claims brought against them are “oppressive” and evidence submitted by the UK government is “ill-founded”.
30 November 2021
Norton Rose partner joins Ashurst in Sydney
Ashurst has recruited a partner from Norton Rose Fulbright in Sydney, who has experience advising on the restructurings of mining company Arrium and swimwear brand Seafolly.
29 November 2021
Interpath hires from AlixPartners
Interpath Advisory has hired a managing director with experience working on the liquidation of British travel agent Thomas Cook and the restructuring of Chinese solar-parts manufacturer LDK Solar Co.
25 November 2021