Category Archives: Bankruptcy/Insolvency/Restructuring

Placing the Hanjin bankruptcy in a global shipping industry context

To understood the Hanjin bankruptcy is to understand the current state of the global shipping industry. And if Hanjin is any thing to go by, and it is, the picture isn’t good. However, it is not all doom and gloom as the shipping industry is in the process of reorganizing itself and of this Hanjin saga is simply a part. Continue reading

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A lifeline for Hanjin or a delay of the inevitable?

Will giving Hanjin more time to develop and submit a rehabilitation plan to the court give it the ‘breathing space’ needed to come up with a viable plan to say afloat? Or is it just delaying the inevitable? I guess we will have to wait unit December to find out. Continue reading

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UK Office Of Fair Trading Reviewing The High Cost Of Business Insolvency

By: Ainsley Brown The Office of Fair Trading (OFT), the agency charged with policing trade practices – read unfair trade practices – has launched a study into the high cost associated with business insolvency. The study will focus on the … Continue reading

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UK New Supreme Court Hands Down Its First Business Case Ruling: The Sigma SIV

By: Ainsley Brown The UK’s highest court, its new Supreme Court – new in name only, it still has the same functions as the old House of Lords – has handed down its first business case ruling. And it is … Continue reading

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London Banks Set To Write Living Wills

By: Ainsley Brown Banks in London, England are set to roll out their living wills by the end of the year. The living wills are a direct consequence of the financial – bank – meltdown experienced in the UK. The … Continue reading

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Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors

By: Ainsley Brown PricewaterhouseCoopers (PwC), the administrator for the European outfit of Lehman Brothers, has come up with a ‘Plan B’ to give out $17 billion to creditors. This after the High Court in England rejected a plan by PwC … Continue reading

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Lehman Brothers’ European Arm Set To File $100 Billion Claim Against Parent

By: Ainsley Brown PricewaterhouseCoopers (PwC), the administrator of the now defunct bank’s European arm is set to file a claim against the parent bank in US bankruptcy court. PwC has until September 22 – the deadline set by the court … Continue reading

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Creditors Of Lehman Brothers’ European Division Will Just Have to Wait A Bit Longer To Recovery Their Money

By: Ainsley Brown The English High Court has scuttled a plan for quick payouts to creditors by the administrator’s of Lehman Brothers’ European arm. PricewaterhouseCoopers (PwC), the administrator is now carefully studying the judgment and weighing it options i.e. should … Continue reading

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Northern Rock: The Latest Chapter

By: Ainsley Brown This is an update to Shareholders Fail in Human Rights Cases Against UK Government. The Northern Rock shareholder group, lead by the Hedge Funds SRM Global and RAB Capital, last week launched their appeal of the decision … Continue reading

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German companies “go UK” – for insolvency proceedings

By: Carsten Lexa, LL.M. During the last several months, some German midsize companies have turn to the UK to undergo insolvency proceedings. They seem to be quiet happy with their decision and, more importantly, they were successful: Today, companies like … Continue reading

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Posted in Bankruptcy/Insolvency/Restructuring, Commercial, Corporate, EU, Finance, International | Tagged , , , , , , , , , , | 2 Comments