FTX Bankruptcy: First Day Highlights

FTX Bankruptcy: First Day Highlights

The FTX Group chapter 11 debtors made their first bankruptcy court appearance before Delaware Bankruptcy Judge John T. Dorsey earlier this week. Reorg's First Day team covered the hearing via our Live Blog platform. The Securities Commission of The Bahamas issued a statement regarding “certain remarks” made by the FTX Group debtors at their first day hearing on Tuesday “in connection with the motion to transfer the venue of FTX Digital Markets’ chapter 15 proceedings. James L. Bromley of Sullivan & Cromwell said this background resulted in “one of the most difficult collapses in corporate America and in the world.”...

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Reorg Webinar Series: Hot Topics in Crypto Winter

Reorg Webinar Series: Hot Topics in Crypto Winter

In the latest installment of our Americas webinar series, Reorg's editorial team, in collaboration with our expert panel discussed novel issues raised in recent cryptocurrency bankruptcy filings. The discussion provided a background overview of the state of the crypto industry and reviewed the trajectory of the ongoing reorganizations of cryptocurrency exchanges Voyager Digital and Celsius Network. Also covered were legal issues relating to the valuation and ownership of cryptocurrency assets, and what’s next in crypto restructurings and regulation.  Reorg's Ellen Schneider and Mike Legge moderated a discussion with: Jeff Dorman, the chief investment officer at Arca, an asset management firm...

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Reorg Webinar Series: Distressed Debt & Restructuring Outlook for Germany: Harsh Winter Ahead

Reorg Webinar Series: Distressed Debt & Restructuring Outlook for Germany: Harsh Winter Ahead

Reorg runs an extensive webinar program throughout the year. This presentation on the distressed outlook for Germany is the 32nd webinar globally, and the 12th looking specifically at European credits. If you are interested in participating in a Reorg hosted webinar, get in touch here. On Nov. 17, Reorg hosted another episode of our deep dive webinar series, this time on the outlook for the distressed debt and restructuring market in Germany.With German corporates facing a winter of high gas prices, subdued consumer confidence and rising interest rates, the panel discussed what opportunities and challenges investors and restructuring professionals can...

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Reorg Panel Event London – Navigating the Perfect Storm

Reorg Panel Event London – Navigating the Perfect Storm

Reorg was delighted to bring leveraged finance and restructuring professionals together again in London at Claridge's on November 3. Mario Oliviero welcomed guests before an exciting leveraged finance panel. Beatrice Mavroleon moderated an expert panel 'Double-Digit Yields - Is Primary the New Distressed?', including Tim Ayles from Rothschild & Co, Touboul Marc from Bain Capital, Robbie Harris from HSBC, and Jerome Ingenhoff from Alcentra. Primary markets remain shut for all but tried and tested repeat issuers, and that is unlikely to change anytime soon, the panelists agreed. It will take time for the market to fully stabilize, and for banks to start underwriting debt again under new conditions, which means it will be at least the first or second...

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Reorg and FinDox to Combine to Offer Best-In-Class Solutions for the Credit Markets

Reorg and FinDox to Combine to Offer Best-In-Class Solutions for the Credit Markets

NEW YORK, Nov. 9, 2022 /PRNewswire/ -- Reorg, a global provider of financial and legal intelligence and data, announced today that it has agreed to acquire FinDox, a leading document, compliance and data management provider."As part of our global growth strategy across a variety of credit verticals, Reorg continues to invest in solutions to better serve our customer base. We're excited to bring the FinDox team into Reorg to enhance our overall data and workflow solutions for leveraged finance and private market investors in the Americas and Europe," said Kent Collier, founder and CEO of Reorg. "Adding FinDox's data management...

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Reorg on the Record: Greenland Holdings’ Bond Extension Should Be Worrisome for Investors…

Reorg on the Record: Greenland Holdings’ Bond Extension Should Be Worrisome for Investors…

China real estate high-yield bonds continue to show little cause for optimism. Greenland Holdings became the latest developer to launch a consent solicitation for all its outstanding offshore USD notes. In a now familiar pattern, the company had only recently reassured investors of its ability to make payments. The consent solicitation came less than five months after Greenland’s last such exercise, in June, for one series of notes. Its repeated attempt to amend and extend may be an indication that even state-controlled property companies aren’t immune to default. The situation may become more worrisome as the Chinese saying of “保内弃外”...

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