Work Area: Corporate reorganisations
Andes snow drought ploughs Chilean plant operator into Ch11
The operator of an incomplete Chilean hydroelectric project, which plans to turn melted snow from the Andes mountains into electricity, has filed pre-packaged Chapter 11 proceedings blaming reduced snow fall over the past decade.
18 November 2021
CWT completes cross-border pre-pack Ch11 in 18 hours
Travel management company CWT and 37 international affiliates have secured confirmation of a pre-packaged Chapter 11 plan within 18 hours of filing for bankruptcy, in what is believed to be the first speedy Chapter 11 with a cross-border element.
17 November 2021
AirAsia X creditors vote for initially contested scheme
Creditors of the Malaysian budget airline AirAsia X have voted in favour of what was a contested scheme of arrangement that imposes a more than 99% haircut on unsecured debts.
15 November 2021
DLA Piper hires Walkers’ head of restructuring in Ireland
DLA Piper has hired a new head of restructuring for its office in Dublin, which opened its doors in 2019.
11 November 2021
Stephenson Harwood hires from Wedlake Bell in London
Stephenson Harwood has recruited a contentious insolvency partner from Wedlake Bell, who tells GRR she is already seeing an increase in fraud investigations in relation to the UK government’s coronavirus support measures.
09 November 2021
Kuwaiti family vehicle’s liquidators obtain discovery in New York
A New York judge has authorised the Cayman liquidators of a Kuwaiti family’s investment vehicle to seek discovery in the US, in a bid to locate tens of millions of dollars in assets that were allegedly moved away at the hands of its CEO.
09 November 2021
CMS hires Eversheds partner to build Hong Kong practice
The leader of Eversheds Sutherland’s restructuring and insolvency practice in Asia has joined CMS in Hong Kong to help it build a local restructuring offering of its own.
02 November 2021
Global Advocacy and Legal Counsel promotes NMC Healthcare adviser
UAE law firm Global Advocacy and Legal Counsel has promoted NMC Healthcare counsel Murad Abida to regional co-managing partner in Dubai.
01 November 2021
Former Big Four partner launches restructuring boutique in Sydney
Australian accountant Simon Cathro, who spent over 15 years at Big Four firms EY, Deloitte and PwC, has set up a new restructuring and insolvency boutique in Sydney.
28 October 2021
Modernland seeks end to New York Chapter 15s after winning recognition
After securing US recognition of a pair of pre-packaged Singaporean schemes earlier this month, Indonesian real estate group Modernland Realty has moved to close its Chapter 15 cases.
27 October 2021