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News and information on bankruptcy and bankruptcy law
By Hannah Roberts | May 1, 2020
The dealmaking drought made it the worst month since 1985, the latest data shows.
1 minute read
By Christopher Niesche | April 29, 2020
The information came to light through an affidavit filed with the Federal Court of Australia. The affidavit also revealed that Clifford Chance has been in discussions with lessors about representing them in the proceedings.
1 minute read
By Christopher Niesche | April 23, 2020
The firm is acting for some of the airline's creditors while Australian firm Clayton Utz is advising the administrator Deloitte.
1 minute read
By Christopher Niesche | April 22, 2020
With numerous possible bidders and the Australian Government, the board and creditors also requiring legal advice, there is potential for several legal roles.
1 minute read
By Hannah Roberts and Varsha Patel | April 6, 2020
Debenhams and Cath Kidston are the latest U.K. stores to be hit by an unnerved retail climate.
1 minute read
By Becky Pritchard | April 6, 2020
Law firms in the Middle East have been hit with a plunging oil price, but for now the coronavirus remains the biggest concern.
1 minute read
By Hannah Roberts | April 2, 2020
The hire follows a spate of exits from DLA's practice in the UK.
1 minute read
By Meganne Tillay | March 31, 2020
This is the second high-street administration mandate for Ashurst this week.
1 minute read
By Christopher Niesche | March 30, 2020
Kon Tsiakis joins from DLA Piper with 20 years' experience.
1 minute read
By Varsha Patel | March 30, 2020
BrightHouse is the latest casualty of the strained retail market.
1 minute read
By Dan Roe | February 6, 2024
The crypto lender emerged from Chapter 11 at the end of January, with former customers receiving bitcoin, stock in a bitcoin mining operation and the rights to legal claims against founder Alex Mashinsky.
5 minute read
By Jay Steinman and Karina Leiter | February 6, 2024
Anticipating the fallout from potentially billions of dollars in distressed loans, lenders must be on high alert. Drawing from lessons learned in the last two historical downturns, where we witnessed unprepared lenders face severe consequences, it is imperative for lenders and financial institutions to act now.
7 minute read
By Alexander Lugo | February 5, 2024
"It has taken some education or orientation by the bankruptcy legal community to see the value of it, but it caught on fast," said Soneet Kapila, president of the American Bankruptcy Institute.
3 minute read
By Lawrence J. Kotler and Ryan Spengler | February 2, 2024
In In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
7 minute read
By Ellen Bardash | February 2, 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
3 minute read
By Ellen Bardash | February 1, 2024
Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
3 minute read
By Dan Roe | January 31, 2024
The average Am Law 50 firm upped its rates by 8% to 10% in 2024, according to bankruptcy records.
3 minute read
By Patrick Smith | January 29, 2024
The firm continues to be bullish on restructuring, almost two years after its raid of Stroock.
2 minute read
By Andrew Maloney | January 24, 2024
The move comes as Am Law 100 firms saw billable hours in bankruptcy grow by nearly 7% last year.
5 minute read
By Andrew Maloney | January 24, 2024
The move comes as Am Law 100 firms saw billable hours in bankruptcy grow by nearly 7% last year.
5 minute read
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