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News and information on bankruptcy and bankruptcy law
By Dario Sabaghi | June 26, 2024
A&O Shearman advised UAE-based Drake & Scull International on a pioneering $1.1 billion debt restructuring, marking the first major case under the UAE Bankruptcy Law.
2 minute read
By Tony Sabine | June 13, 2024
The High Court of Hong Kong ordered Dexin to be wound up over its failure to repay more than $300 million to creditors.
2 minute read
By James Jackson | June 11, 2024
Willkie Farr & Gallagher has hired former Latham bankruptcy and restructuring lawyers Jörn Kowalewski, Ulrich Klockenbrink and Hendrik Hauke as part of its new German strategy along with counsel Jan-Philipp Praß and a team of seven associates.
4 minute read
By Louis Altmann | June 11, 2024
The firm recently established an insolvency practice in Australia and added a restructuring partner in Hong Kong.
1 minute read
By Tony Sabine | April 23, 2024
The downturn in the Chinese property sector is creating new prospects in Hong Kong, both for firms looking to cash in on the need for professionals with expertise in restructuring and insolvency and for a city looking to cement its status as a legal hub.
5 minute read
By Dario Sabaghi | April 18, 2024
Some major firms are restructuring their practices ahead of the new bankruptcy law entering into effect.
6 minute read
By Kasvi Sehgal | April 17, 2024
The news comes as the UK apparel company ramps up efforts to avoid an insolvency process.
2 minute read
By Kasvi Sehgal | April 5, 2024
The restructuring specialist discusses his move from one of the world's biggest investment companies and his plans at Paul Hastings' London office.
7 minute read
By Habiba Cullen-Jafar | March 21, 2024
Several UK retail brands have appointed administrators this year, with McDermott also securing a role.
3 minute read
By Christopher Niesche | March 15, 2024
Maria O'Brien is the latest insolvency partner to switch firms in the country.
2 minute read
By Amanda Bronstad | July 19, 2024
Atlantic County Superior Court Judge John Porto concluded on Friday that Johnson & Johnson hadn't provided evidence that its former attorney had shared confidential information with Beasley Allen.
6 minute read
By Maria Dinzeo | July 16, 2024
Ann Aber, who helped the company manage the high of record sales during the pandemic and the low of a Chapter 11 bankruptcy filing four years later, is taking on human resource and corporate communications responsibilities.
2 minute read
By Emily Saul | July 12, 2024
U.S. Bankruptcy Judge Sean Lane found Giuliani had not been forthcoming about his financial situation.
2 minute read
By Dan Roe | July 11, 2024
"That was the last time anyone files in EDVA," one Am Law 100 bankruptcy partner said of the formerly popular jurisdiction.
8 minute read
By Amanda Bronstad | July 9, 2024
Retired U.S. Magistrate Judge Joel Schneider, of the District of New Jersey, found on Tuesday that there was not good cause to allow Johnson & Johnson to pursue discovery about Beasley Allen's litigation financing.
5 minute read
By Jeffrey M. Rosenthal, Vincent J. Roldan and Joshua S. Bauchner | July 9, 2024
The Fifth Circuit, in 'In re GFS Industries', recently issued a decision siding with the controversial 'Cleary Packaging' decision. All of a sudden, the subchapter V debtor's efforts to use a streamlined procedure could be undermined by Section 523(a) litigation even outside the Fourth Circuit.
7 minute read
By Dan Roe | July 9, 2024
Growing the bankruptcy group is key to Cooley's balance of cyclical and countercyclical practices, the firm's litigation chair said in an interview.
3 minute read
By Sulaiman Abdur-Rahman | July 8, 2024
"Commercial filing trends continue to show strong double digit percentage increases in year-over-year filings, while individual filings increased at a much lower rate compared to commercial filings in the first half of 2024," said Michael Hunter, vice president of the Epiq AACER bankruptcy data platform.
3 minute read
By Dan Roe | July 8, 2024
Opioid claimants are set to receive $20 million upon the bankruptcy's conclusion, plus $27.5 million in deferred payments.
3 minute read
By Andrew C. Kassner and Joseph N. Argentina Jr. | July 5, 2024
As we reported in this column in April, landlords often hold large claims in bankruptcy cases involving commercial real estate when the lease…
11 minute read
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