To our clients and friends

Welcome to this year’s first issue of the International Restructuring Newswire where our lawyers from around the globe share their insights facing all of us in the restructuring realm.

I expect all will agree that these are unprecedented times with long established trade alliances and international conventions being challenged. As a global firm we strive to reach out to all our clients and friends in all corners of the world to give updated information and advice to help their businesses strive in these challenging times.

In this issue, we look at the latest news and views from both the US and the UK on the hot issues related to liability management transactions, an important decision on business rescue in South Africa, new legislation on the special treatment of perishable fruits and vegetables in Canadian insolvencies, and finally the lessons learnt from the US chapter 11 of Scandinavian Airlines, the first European airline to fly through chapter 11.

• US Fifth Circuit Court of Appeals deals a blow to non-pro rata LMTs: Now what?
• Navigating distressed liability management transactions: An English perspective
• Navigating business rescue of state-owned entities in South Africa: Key features, peculiarities and one court’s removal of a restructuring practitioner
• Canadian insolvency priorities materially enhanced for suppliers of perishable fruits and vegetables – A Canadian version of a PACA trust
• SAS disembarks safely From Chapter 11: Lessons learned from the Chapter 11 of a European airline

We hope you will find these articles useful.

Scott Atkins
Global Head of Restructuring
Sydney

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