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Banking Sector Insolvency Commercial Bankruptcy

A&O Shearman

Not just another drop in the ocean: Thames Water and developments in restructuring plans since Adler

A&O Shearman on

In this alert, we take a look at some of the principal points arising from the Court of Appeal’s judgment in respect of the Thames Water restructuring plan, as well as the broader state of play for restructuring plans in the...more

Hogan Lovells

Sovereign Debt Restructuring in Africa

Hogan Lovells on

Sovereign debt restructurings are complex processes that involve negotiations with a sovereign’s creditors to alter the terms of existing debt, aiming to restore fiscal sustainability and ensure long-term economic stability....more

Morgan Lewis

Update: Draft Law on External Management over Certain Foreign-Owned Companies Submitted to Russian Parliament

Morgan Lewis on

The draft law on external management was submitted to the Russian Parliament and differs considerably from the previous version. The new draft provides for the establishment of a special interdepartmental commission that will...more

Morgan Lewis

Update: Russia Reintroduces Insolvency Moratorium

Morgan Lewis on

An insolvency moratorium first introduced during the COVID-19 pandemic applies to nearly all Russian legal entities, individuals, and sole entrepreneurs, and bans the commencement of insolvency proceedings against Russian...more

Jones Day

Business Restructuring Review | May - June 2019

Jones Day on

Second Circuit Rules That Bankruptcy Code's Fraudulent Transfer Recovery Provisions Can Reach Foreign Transferees - In In re Picard, Trustee for the Liquidation of Bernard L. Madoff Inv. Sec. LLC, 917 F.3d 85 (2d Cir....more

Jones Day

The Year in Bankruptcy: 2017

Jones Day on

The initial year of the Trump administration colored much of the political, business, and financial headlines of 2017, both in the U.S. and abroad. Key administration-related developments in 2017 included U.S. withdrawal from...more

Herbert Smith Freehills Kramer

Debt Dialogue: August 2017 - Admitting an Inability to Pay Debts as They Become Due: What Does It Mean?

Among the litany of events of defaults often found in indentures and other credit documents is an issuer’s admission in writing of its inability to pay its debts as they come due. Like other insolvency events of default, this...more

Latham & Watkins LLP

A New Wave of CIS Restructurings Poses Unique Challenges

Latham & Watkins LLP on

While the CIS nations have recently provided a multitude of sizeable restructuring cases, the region’s dominant force, Russia, has stood up reasonably well to lengthy economic decline, economic sanctions and the collapse of...more

K&L Gates LLP

A New OHADA Uniform Act on Insolvency and Restructuring in Africa

K&L Gates LLP on

A new Uniform Act Organizing Collective Proceedings for Wiping Off Debts dated 10 September 2015 (the “Uniform Act”) has been published in the OHADA Official Gazette on 25 September 2015 and will enter into force on 24...more

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