Eversheds Sutherland Welcomes Finance and Restructuring Partner … – Eversheds Sutherland(US) LLP

Restructuring

Eversheds Sutherland is pleased to announce that Rene Dailey has joined the US Finance Practice Group as partner. Ms. Dailey advises institutional investors in US, Australian and cross-border debt finance and financial restructuring matters. Her practice also includes advising insurance companies on their front-end investment structures, intercreditor arrangements and workouts. I am thrilled that Rene…

Non-Standard Finance group financial restructuring – Slaughter and May

Restructuring

The Non-Standard Finance group (NSF) has completed a financial restructuring, which involved the sanction of a scheme of arrangement to provide certainty as to the extent of its liability for historical redress liabilities and culminated in the transfer of its operating business to a newly-incorporated group owned by its secured lenders. The scheme of arrangement,…

Go First Airlines initiates investor interest amid ongoing insolvency process – The Week

Liquidation

Go First Airlines (formerly known as Go Airlines) of India has commenced the search for potential investors as part of its ongoing insolvency proceedings, as stated in a newspaper advertisement released on Monday. The airline has taken this step in compliance with the procedural requirements mandated by Indian law. According to two bankers familiar with…

Bankrupt US partner of Hanmi hands over oral drug discovery platform tech to Hong Kong firm – KBR

Bankruptcy

Assets related to Hanmi Pharm’s platform technology Orascovery, an oral drug discovery platform technology, will be transferred to C-Mer Eye Care Holdings, a Hong Kong-based healthcare company. Hanmi’s U.S. partner, Athenex, which declared bankruptcy, transferred its assets, including Orascovery, to C-Mer Eye Care Holdings. Athenex, Hanmi’s U.S. partner, which declared bankruptcy in May, recently signed…