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News and information on bankruptcy and bankruptcy law
By Eva von Schaper | June 26, 2020
The German Fintech payments provider, once worth over €20 billion, filed for insolvency on Thursday shortly after its CEO was arrested on accounting fraud charges.
1 minute read
By Hannah Roberts | June 18, 2020
The US firm has picked up a role for a fashion retailer on its CVA applications in the UK and North America.
1 minute read
By Christopher Niesche | June 2, 2020
Jones Day is representing Cyrus Capital Partners and Herbert Smith Freehills is advising Bain Capital, according to reports.
1 minute read
By Christopher Niesche | June 1, 2020
Alinta Kemeny returns to Australia and rejoins the firm as a partner after having previously worked and trained in Ashurst's offices in both London and Melbourne.
1 minute read
By Christopher Niesche | June 1, 2020
The final two bidders are expected to be revealed Tuesday morning.
1 minute read
By Hannah Roberts | June 1, 2020
The partner had been at Kirkland for two years.
1 minute read
By Amy Guthrie | June 1, 2020
Lawyers have shifted gears to offer crisis management and restructuring advice, and some have compensated for the capital markets lull by working with governments rushing to market ahead of anticipated economic pain from the pandemic.
1 minute read
By Jennigay Coetzer | May 29, 2020
Dudu Myeni had been criticised for her role in pulling the airline out of a proposed deal with Emirates airways.
1 minute read
By Amy Guthrie | May 26, 2020
The onset of COVID-19 has brought global aviation to a virtual standstill, forcing the industry to resize and adjust business to a new reality.
1 minute read
By Samantha Stokes | May 22, 2020
Rates for top associates at firms such as Weil, Gotshal & Manges and Kirkland & Ellis are rising just as a new wave of Chapter 11 bankruptcies gather steam. A filing shows J.Crew paid its lawyers at Weil close to $12 million in the 90 days before the company filed for bankruptcy this month.
1 minute read
By Emily Cousins | December 12, 2023
"There was no ambiguity as to their interpretation of the law," John Sodipo said. "This sets the precedent and gives cases similar a path to follow. They're saying the rule of law has got to be respected."
3 minute read
By Kenneth Aulet and Shari Dwoskin | December 8, 2023
This article focuses on the confirmation of BlockFi's Chapter 11 plan, and the lessons learned from the case.
8 minute read
By Amanda Bronstad | December 5, 2023
In a Tuesday motion, Johnson & Johnson said that Beasley Allen principal Andy Birchfield had struck an alliance with one of its former lawyers, James Conlan, at Faegre Drinker Biddle & Reath.
5 minute read
By Hugo Guzman | December 5, 2023
Jason Guberman is sliding into the GC's seat as the company, now with slimmed-down ambitions, fights for profitability.
2 minute read
By Lawrence J. Kotler | December 5, 2023
During the course of their bankruptcy case, the debtors filed a second plan of reorganization (the plan), in which they referenced a potential and unliquidated claim against an entity known as "ED&F Man." Although this "claim" was also listed on the debtors' schedules, no version of the plan or disclosure statement specifically identified the defendant by name or explained the nature of the claim the debtors intended to assert against this entity.
8 minute read
By Victoria Pfefferle-Gillot | December 5, 2023
Bayard restructuring director Ericka F. Johnson spoke on a panel on Dec. 2, at this year's American Bankruptcy Institute (ABI) Winter Leadership Conference held in Scottsdale, Arizona.
1 minute read
By Jimmy Hoover | December 4, 2023
High court members note opioid victims' broad support for the deal despite the federal government's objection.
5 minute read
By Alexander Lugo | November 30, 2023
"The trend in restructuring is that the lawyers are getting much more creative in what options to use to actually restructure businesses, more so than they ever have," said Joe Pack, founding partner of Pack Law.
4 minute read
By Dan Roe | November 30, 2023
For law firms like Sullivan & Cromwell and Quinn Emanuel Urquhart & Sullivan, the bankruptcy of FTX is proving to be just as profitable as some of the most notoriously lucrative Chapter 11 proceedings.
3 minute read
By Lisa Willis | November 22, 2023
"This really opened my eyes to see how far I can push myself and what I can accomplish," said the Fort Lauderdale attorney.
4 minute read
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