Teodor Teofilov

2 months ago | globalrestructuringreview.com | Teodor Teofilov

Credit: shutterstock/ Electric Egg Fast-fashion chain Forever 21 has entered Chapter 11 in Delaware with plans to liquidate its brick-and-mortar retail locations unless it finds a last-minute buyer, as the group blames dwindling foot traffic and mounting competition from online retailers. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.

2 months ago | globalrestructuringreview.com | Teodor Teofilov

The co-head of Schulte Roth & Zabel’s restructuring practice, who has credits on the Puerto Rico, Ocean Rig and Spirit Airlines’ restructurings, has rejoined Cadwalader after more than 10 years. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.

2 months ago | globalrestructuringreview.com | Teodor Teofilov

Credit: shutterstock/ Seet Insolvency practitioners have welcomed a landmark ruling by the Singapore Court of Appeal laying out a framework for how courts should approach the rebuttable presumption under the UNCITRAL Model Law on Cross-Border Insolvency that a debtor’s centre of main interests is where its registered office is. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.

2 months ago | globalrestructuringreview.com | Teodor Teofilov

Credit: shutterstock.com/Multihobbit Four Brazilian coffee exporters owned by Montesanto Tavares Group have filed for bankruptcy protection to deal with over 2 billion reais (US$345.3 million) of debt after extreme market volatility left the companies cash-strapped, with advice from Vilas Boas Lopes Frattari. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.

2 months ago | globalrestructuringreview.com | Teodor Teofilov

Credit: shutterstock/ Harris Hamdan A Malaysian court has sanctioned 23 schemes of arrangement in oil and gas services group Sapura’s third restructuring attempt, a month after an appellate court dismissed a creditor’s bid to be excluded from the schemes. To read more Subscribe to Global Restructuring Review Register for limited access Register to receive our newsletter and gain limited access to subscriber content.