Corporate Restructuring, Cross-Border Insolvency Regulations (CBIR)

Recognition with Consequences: Singapore's Terraform Ruling and its Implications for the BVI

Conyers on 8/7/2025

On 11 July 2025, the Singapore International Commercial Court (SICC) in Re Terraform Labs Pte Ltd [2025] SGHC (I) 4 ordered a group of creditors to pay costs to the insolvent estate of blockchain company Terraform Labs. The...more

Restructuring in the Cayman Islands: The New Regime

Conyers on 8/23/2024

On August 31, 2022, significant amendments to Part V of the Cayman Islands Companies Act (“Act”) took effect to revamp the Cayman Islands restructuring regime. These amendments introduced the new role of a court-appointed...more

Schemes of Arrangement: Restructuring in the Cayman Islands

Conyers on 8/11/2023

These continue to be challenging times and we recognize that the need for cross-border advice on insolvency and restructuring matters may be required at short notice. Conyers’ attorneys are insolvency and restructuring...more

Uphill Struggles in the Sunlit Uplands? The Brexit Deal and UK-EU Insolvencies

Jones Day on 3/26/2021

The deal reached between HM Government and the European Union on December 24, 2020, does not include any framework for the coordination and mutual recognition of cross-border insolvencies and restructurings. For the purposes...more

Recognition of Restructuring and Insolvency Proceedings

Skadden, Arps, Slate, Meagher & Flom LLP on 3/2/2021

Although the Trade and Cooperation Agreement (TCA) arrived in time to prevent a wholesale “no deal Brexit,” issues of cross-border cooperation and recognition in relation to insolvency and restructuring proceedings were not...more

English Court of Appeal Upholds "The Gibbs Rule"

Jones Day on 3/5/2019

The Situation: In Bakhshiyeva v Sberbank of Russia, a debtor sought to restructure English law-governed debts pursuant to an Azerbaijani restructuring proceeding. In order to prevent certain dissenting creditors from...more