Displaying: Restructuring
logo Olivia Cummins PR Executive, Acuris
  • Sberbank granted appeal to recover assets held against Agrokor including retail chain Mercator
  • Agrokor secures recognition from UK court for administration proceedings as owner Ivica Todoric is released from UK custody on bail
  • The company’s €1.06bn roll-up and new money facility will receive a further €100m from supplier creditors
logo Dawn Grocock Legal Analyst, Debtwire

The UK scheme of arrangement will face stiff competition following Brexit and the European Commission’s directive, according to a panel of investors and lawyers at Debtwire’s Germany Forum held at Frankfurt’s Villa Kennedy on Wednesday (13 September). The panel, moderated by Latham & Watkins partner Frank Grell, considered the restructuring routes available to investors; whether the UK scheme will lose its appeal post-Brexit, and what alternative restructuring tools may be available, particularly in light of the EU harmonisation initiative.

logo Robert Schach Managing Editor - Europe, Debtwire

2016 proved to be another challenging year for the restructuring community, mostly as a result of a continued slim pipeline of workouts and distressed opportunities. Hedge fund returns remained well off the pace of their previous years, although bets on commodities, especially oil & gas, paid out handsomely, enabling many funds who had jumped in too early the prior year to make good their previous losses.

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