Blog
Global Restructuring Watch
By Reed Smith LLP Visit the blog
93 published works
Global Restructuring Watch
EPA explains its approach for its role in bankruptcy proceedings
By Daniella D. Landers, Jennifer A. Smokelin, Todd O. Maiden, Rachel I. Thompson, A.J. Wissinger
The uncertainty surrounding the COVID-19 pandemic has rocked the global economy, and companies of all types and sizes are feeling the impacts. In recent weeks, certain high-profile retailers filed for…
Global Restructuring Watch
Weathering the Storm: The Impact of COVID-19 on the Hospitality Industry and the Path Forward
By Bradley J. Purcell, Jay L. Krystinik
As the COVID-19 pandemic continues, the hospitality industry is being hit particularly hard. Reservations and travel are down, while cancellations are up. The hotel sector in particular is facing momentous…
Global Restructuring Watch
Focusing on the Three Cās in the Face of COVID-19
By Keith M. Aurzada, Michael P. Cooley
As the COVID-19 pandemic continues to unfold across the country, voluntary self-isolation efforts and a proliferation of state and local “shelter-in-place” orders have brought business activity to a screeching halt. …
Global Restructuring Watch
Collective redundancies following insolvency ā back in the spotlight
By Colin Cochrane, Carl De Cicco
Following the insolvency of Monarch Airlines Limited (in administration) (Monarch), a large number of employees of Monarch were made redundant. An employment tribunal has recently found of favour of a…
Global Restructuring Watch
Airline Insolvency Overhaul: a summary of the final report of the Airline Insolvency Review
By Charlotte Moller, Helena Clarke, Harry Rudkin
Introduction On 9 May 2019 the Airline Insolvency Review (the AIR), chaired by Peter Bucks, published its Final Report on passenger protections in the context of airline insolvencies, having been…
Global Restructuring Watch
Clarity on Cross-Border Conundrum
By Charlotte Moller, Helena Clarke, Harry Rudkin
It is well established that the type of recognition granted by the recognising court under the UNCITRAL Model Law will depend on whether the originating proceedings are ‘foreign main’ or…
Global Restructuring Watch
Different rights require different classes ā schemes of arrangement
Re Stronghold Insurance Company Limited [2018] EWHC 2909 (Ch) Mr Justice Hildyard, who continues to amass expertise on schemes of arrangements, recently ruled against convening a single meeting of creditors…
Global Restructuring Watch
A Shift in Focus: Rescuing Viable Companies
By Elizabeth A. McGovern, Monika Lorenzo-Perez, Kerry Goodleff
Following consultations on insolvency and corporate governance in 2017 and 2018, the Government recently published its response setting out some notable proposed changes to the existing insolvency and corporate governance…
Global Restructuring Watch
Will diplomatic immunity win ā game, set and match?
By Elizabeth Mason, Kevin Nkugwa
Former world number one and three-time Wimbledon champion Boris Becker, who was declared bankrupt by an order dated 21 June 2017, is claiming diplomatic immunity against ongoing bankruptcy proceedings in…
Global Restructuring Watch
What do House of Fraser, Byron Burger, Carluccios, Mothercare, Prezzo and Carpetright have in common?
By Estelle Macleod, William Sutton
These are just a few of the big high street names which have sought to compromise their obligations to creditors in recent months via a company voluntary arrangement (CVA). CVAs…