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...Lawyers at Kirkland & Ellis, the lead bankruptcy counsel to Venator, and Jones Day, the lead bankruptcy counsel to Diebold, did not respond when asked for comment....
...Almost 75 years after George Orwell completed Nineteen Eighty-Four, the Orwell estate has given approval to a novel told from the perspective of the lover of its protagonist Winston Smith....
...to replace Ellis, who has led the firm since 2016....
...German insurers, including Munich Re and Allianz, have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko, according to documents reviewed by...
...The prospect of an Evergrande liquidation, with its hundreds of projects across the mainland, gives added urgency to Beijing’s effort to address the problems of the country’s paralysed real estate sector...
...Speaking after the hearing Fergus Saurin, a partner at law firm Kirkland and Ellis, which represents a key group of Evergrande creditors, said: “We are not surprised by the outcome....
...“We are very surprised by the developments,” said Neil McDonald, a restructuring lawyer at Kirkland & Ellis who represents a group of offshore creditors, outside the court after the hearing....
...“There will be a lot of job loss, and I actually think that’s really good for our industry,” she said. “Seismic change is coming to our industry,” Ellis added. “The writing is on the wall.”...
...At the end of the third quarter, leasing activity was down a third, in square-foot terms, compared with the previous year, according to Avison Young, a commercial real estate adviser....
...The analysts also took a look at the longer-term effects of WeWork’s bankruptcy filing on commercial real-estate markets....
...Since late 2021, Evergrande and many of its peers have succumbed to a sector-wide cash crunch that has weighed heavily on China’s economy, where real estate typically drives more than a quarter of activity...
...Two successive raids on its larger, more profitable rival Kirkland & Ellis have led to Paul Weiss establishing a heavy-hitting team of lawyers capable of advising their private equity clients on deals, debt...
...On Thursday, the Royal Institution of Chartered Surveyors said estate agents expected house sales to expand in 2024 and were more optimistic about prices and demand....
...Neither does he express particular interest or concern for the fates of Timothy Evans, Derek Bentley or Ruth Ellis. Pierrepoint was particularly adamant when it came to Ellis....
...“It’s part of a bigger problem that we see as well outside the property sector,” said Sandra Chow, co-head of Asia-Pacific Research at credit research firm CreditSights, referring to targeted funding to...
...Smart reads Tea empire A group of Kenyan co-operatives with hundreds of thousands of members has expressed interest in buying tea estates from private equity firm CVC only to be ignored, the FT reveals....
...Ares has promoted Julie Solomon, its chief operating officer of real estate, to co-head the property division....
...Investors, which had about $20bn in international debt at the time of its default and are represented by law firm Kirkland & Ellis and investment bank Moelis, threatened legal action in 2022 and complained...
...partners to staff and real estate costs....
...“A DIP is needed in bankruptcies and maximises overall value of estate,” said one lawyer not involved in the Yellow situation....
...Kirkland & Ellis has hired Paul Sandler as a partner in the debt finance group. He joins from Paul Weiss....
...“It’s a bad time for the property market because there’s so many individual events coming together at once,” said Sandra Chow, co-head of research for Asia-Pacific at CreditSights, who pointed to concerns...
...“Ultimately the insolvency of the real estate sector must be addressed.”...
...Kirkland & Ellis has poached Linklaters tax partner James Morgan in London....
...Founded by her parents, the winery has two mile-apart properties, 575 OVX and Money Road Ranch, occupying some of the planet’s most coveted winemaking real estate....
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