Appleby wins Global Restructuring Review award

At the Global Restructuring Review’s (GRR) Inaugural Charity Awards Gala in London, Appleby won the category for ‘small or regional law firm that impressed.’

In addition, Appleby was shortlisted for an award in the ‘innovation in cross border insolvency and restructuring’ category for work the firm did as company counsel for its client, CHC. The law firm was also included in the GRR 100 – a list of top 100 restructuring firms based on recent work.

Tony Heaver-Wren of Appleby Cayman, said, “We are delighted to be recognized for our work with the CHC group, Texas C&J Energy and, in the BVI, in the expansion of the Norwich Pharmacal jurisdiction. On these large-scale matters, we were able to demonstrate the firm’s ability to provide services across multiple jurisdictions in an innovative, efficient and responsive manner.”

David Bulley of Appleby Cayman added, “2016 was a fantastic year globally for restructuring work at Appleby and we are very pleased to have seen this continue into 2017 with Appleby receiving leading mandates in the largest restructurings in Cayman, BVI and Bermuda, particularly in the oil and gas sector. We expect such work to continue going forward with creditor committees and companies now looking more seriously at the use of offshore schemes of arrangement either bi-laterally with a Chapter 11 or in conjunction with a Chapter 15.”

These awards are the first annual celebration of the most important firms, cases and marketplace developments in cross-border restructuring and insolvency for the Global Restructuring Review team.

News source: Cayman Compass

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