A Dutch court has declined to adopt a tailor-made protocol established by a New York judge to guide the global bankruptcy of coffee trader Mercon but said it has no objection to making the JIN guidelines applicable in the case.
18 March 2024
A team from Norton Rose Fulbright offers a comparative analysis of the treatment of foreign and domestic tax debts across three different European restructuring processes, looking at whether they permit such debts to be compromised, and whether that may influence a debtor’s choice of restructuring jurisdiction. They also note that cross-border recognition of tax compromises has yet to be tested in the EU, leaving open the question of whether such compromises would be effective.
15 March 2024
A Russian a bankruptcy trustee trying to get control of an Italian villa that she claims belongs to former Vneshprombank owner Georgy Bedzhamov, will go to trial against his long-term partner – who claims the property belongs to her – in May, where questions will be raised over a litigation funding agreement the trustee has entered that could be in breach of sanctions.
15 March 2024
After less than two years at Dechert, partner Doug Mannal has joined Morrison Foerster in New York, bringing with him experience representing unsecured creditors in the Seadrill, CHC and Bristow Chapter 11s.
13 March 2024
Electric vehicle manufacturer Next.e.GO Mobile has entered insolvency in Germany for the second time in four years, months after it completed a deSPAC merger through which it was listed on the Nasdaq Stock Market.
13 March 2024
The Supreme Court of British Columbia has allowed a debtor to withdraw a notice of intention to make a proposal under Canada’s Bankruptcy and Insolvency Act that was mistakenly filed by its advisers after it negotiated with a creditor out-of-court.
13 March 2024
FRP advisory has expanded offshore with a new acquisition on the Isle of Man, days after an FRP partner and a director moved to Kroll in London.
12 March 2024
GRR’s inaugural Names to Know in Distressed Investment survey, through which we aim to shine a spotlight on industry experts working across all types of investment firms specialising in distressed situations, is open for submissions.
11 March 2024
Two Arnold & Porter partners from Chicago and New York, who together worked for an ad hoc term loan group in cinema operator Cineworld’s 2022 Chapter 11, have jumped to Clifford Chance in the Big Apple.
11 March 2024
Jackson Walker has claimed the US Trustee’s attempts to challenge its fees in several closed Chapter 11 cases should fail because it hasn’t pleaded any “plausible factual or legal bases” for reopening the cases, while the firm has also been hit with another RICO suit alongside its regular co-counsel Kirkland & Ellis.
08 March 2024
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