Work Area: Loans and secured financing

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

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

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

Ship insurer seeks winding up of Cayman vessel owner after coral reef crash

A Bermudian ship insurer pursued by the US Department of Justice for environmental damages has asked a Cayman Islands court to wind up oil tanker owner Margara, 15 years after one of its vessels caused damage to a coral reef off the coast of Puerto Rico.

12 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

Sir David Richards joins One Essex Court

Former English Court of Appeal judge Sir David Richards has joined One Essex Court in London with plans to take appointments as an arbitrator, as he says the growth in cross-border cases has led experts to see arbitration as a sensible way of resolving disputes in restructurings.

08 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

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

Stoneway parent files Chapter 11 as group prepares new restructuring plan

Canadian power plant owner Stoneway Capital is preparing to announce a new restructuring plan after its British Virgin Islands-registered parent joined it in Chapter 11 proceedings in New York.

26 October 2021

III appoints Norton Rose Fulbright partner as president

The International Insolvency Institute has appointed Norton Rose Fulbright’s John Martin in Sydney as its president, to succeed Pachulski Stang Ziehl & Jones partner Debra Grassgreen.

22 October 2021

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