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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/mundissima A Delaware court has allowed the BVI liquidators of Singaporean crypto hedge fund Three Arrows Capital to amend their claim from US$120 million to US$1.53 billion in former crypto exchange FTX’s Chapter 11. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/Alexanderstock23 Battery manufacturer Northvolt has entered bankruptcy in Sweden saying it will now seek to sell its business and assets, just four months after it filed Chapter 11 proceedings to restructure US$5.8 billion in debt. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/raker The joint special administrators of global cash transfer service Trans-Sending have obtained permission to make distributions from a £6.3 million client asset pool to over 12,000 customers. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/Adwo Idaho-based silver, zinc and lead miner Bunker Hill has secured US$60 million in equity financing under a transaction agreement that will also see it amend two series of convertible debentures, a secured senior financing agreement and royalty agreements that can be extended over future production. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/petrmalinak A Hong Kong court has revealed its reasons for refusing to extend the longstop date of Chinese property developer Powerlong’s now collapsed scheme, with the court concluding it would have been “futile” to allow the extension without an ad hoc group of creditors’ support. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/Andrey_Popov Canadian telecommunications group Mitel has filed for Chapter 11 protection in Texas, after entering into a restructuring support agreement with an ad hoc group of lenders to deal with US$1.5 billion in debt and settle litigation with lenders challenging its 2022 uptiering transaction. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/mundissima Energy supplier Octopus did not receive favourable treatment from the UK government when it received subsidies to aid its purchase of renewable energy utility Bulb after it entered the first ever special energy supply company administration (ESCA), the English Court of Appeal has found. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
From left to right: Andreas Fluhrer and Aurelio Garcia-Miro. Credit: Kroll Financial advisory firm Kroll has told GRR it has hired new European restructuring co-heads that will launch its restructuring practice in Germany, as one of its global leads has stepped down from the role in Hong Kong. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
Credit: Shutterstock/JDzacovsky The director of a waste management company now in liquidation, who claims he was pressured to put the company in his name for fear of his safety, has secured an adjournment to a trial brought against him for breach of duties - a year after the trial was vacated so that the liquidator could attend INSOL’s annual conference in San Diego.
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1 month ago | 
globalrestructuringreview.com | Freya Gilbert
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