restructuring

OQ Chemicals is grappling with a debt pile of over a billion euros. Following the withdrawal of an expected offer of an equity injection from its Omani parent company, hopes now rest on a white knight appearing.

After years of crisis, Galeria wants to make a fresh start with the US investment company NRDC and the German entrepreneur Bernd Beetz. The investor agreement would include several dozen stores.

Private debt has so far proved to be a flexible restructuring partner. However, if the sector wants to open up to private investors, it must become more transparent with regard to default risks.

The decision of the English Court of Appeal to overturn Adler's restructuring plan is causing a stir among specialist lawyers and restructuring experts. The ruling is noteworthy for several reasons.