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News and information on bankruptcy and bankruptcy law
By Jennigay Coetzer | January 11, 2024
The team acts for major financial institutions, liquidators, business rescue practitioners and corporate entities.
2 minute read
By Kasvi Sehgal | December 19, 2023
South Korean e-commerce giant Coupang has stepped in to pull the London-based fashion retailer out of likely collapse.
3 minute read
By Amy Guthrie | December 13, 2023
The joint venture between Brazil's Vale and BHP has required extensive assistance from Cleary Gottlieb, Davis Polk, Sullivan & Cromwell, Norton Rose and more than a dozen Brazilian law firms in the wake of a devastating tailings dam collapse in 2015.
3 minute read
By Kasvi Sehgal | December 11, 2023
Austria-based Signa racked up debts numbering in the billions, it has been widely reported.
2 minute read
By Jack Womack | November 29, 2023
The regulator has opted against implementing a cap on the amount that can be claimed against its compensation fund, as the "the scale of consumer loss would be too large" and would lead to "an unacceptable loss in public confidence in solicitors".
2 minute read
By Jack Womack | November 15, 2023
Earlier this week, the UK's Serious Fraud Office arrested seven individuals and carried out searches across nine locations as part of a criminal investigation into Axiom Ince.
2 minute read
By Jack Womack | November 14, 2023
SFO investigators were accompanied by Metropolitan Police officers as they raided offices in locations in the South East of England early Tuesday morning.
2 minute read
By Kasvi Sehgal | November 7, 2023
The workspace pioneer, which made a Chapter 11 filing, has been struggling since its 'flopped' 2019 IPO and throughout the pandemic.
2 minute read
By Kasvi Sehgal | November 3, 2023
The lawyer previously worked as managing director on the credit team at KKR.
2 minute read
By Brian Yap | October 18, 2023
The distressed Chinese private property developer has been battling about $190 billion in total liabilities, coupled with nearly $11 billion in offshore debt and $6 billion in offshore loans.
2 minute read
By Dan Roe | April 22, 2024
As more large corporations go bust, lenders are jockeying for the position to get repaid first.
6 minute read
By Amanda Bronstad | April 19, 2024
Thursday's verdict comes in the second ovarian cancer trial since Johnson & Johnson's failed talc bankruptcies last year.
3 minute read
By Michael A. Mora | April 19, 2024
John "Jack" Owoc founded Bang Energy's parent company, Vital Pharmaceuticals Inc., in 1993 and built it to become a multibillion-dollar company.
3 minute read
By Michael A. Mora | April 18, 2024
"The biggest accomplishment is that at the annual spring meeting, the task force will release and publish important recommendations to Congress," the ABI president said in an interview.
3 minute read
By Edward E. Neiger, Alexandra Robertson and Gregory Lawrence | April 18, 2024
This issue of the Mass Torts Update addresses the United Judicial Panel on Multidistrict Litigation ordering the consolidation of Suboxone dental injury lawsuits as centralized in the the Northern District of Ohio. It goes on to provide an update on Purdue Pharma's Chapter 11 bankruptcy case.
5 minute read
By Amanda O'Brien | April 15, 2024
Daniel Besikof served as the deputy chairman of Loeb & Loeb's bankruptcy group
3 minute read
Delaware Business Court Insider
By Ellen Bardash | April 12, 2024
Carey was hailed as "one of the best bankruptcy judges in the history of the profession."
2 minute read
By Andrew C. Kassner and Joseph N. Argentina Jr. | April 12, 2024
In In re Cortlandt Liquidating, the U.S. District Court for the Southern District of New York, sitting as an appellate court, reviewed a Bankruptcy Court decision that addressed a number of issues involving a commercial landlord's claims in bankruptcy.
9 minute read
By Amanda Bronstad | April 10, 2024
Andy Birchfield, of Beasley Allen, took the stand on Wednesday to fend off Johnson & Johnson's allegations that he breached his ethical duties by working with one of its former lawyers to come up with a proposed $19 billion talc settlement.
5 minute read
Delaware Business Court Insider
By George Williams | April 10, 2024
Does Terra's bankruptcy mark the end of the "Crypto Winter"? The recent rebound of the cryptocurrency market seems to suggest so, particularly with Bitcoin setting a new all-time high of $73,805.27 on March 14, 2024.
5 minute read
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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