By William Rochelle
Bloomberg, October 20, 2014
Shortcomings in laws covering government bankruptcies were the topic of speeches given by two bankruptcy judges thousands of miles apart.
Chief U.S. Bankruptcy Judge Cecelia G. Morris from New York will speak this week in Modena, Italy, at the annual conference of the Global Restructuring Organization while Chief Bankruptcy Judge Thomas B. Bennett from Birmingham, Alabama, addressed the Campbell Law Review Symposium in Raleigh, North Carolina, last week. Bennett has first-hand experience from presiding over the Chapter 9 debt restructuring by Jefferson County, Alabama, the largest municipal bankruptcy before Detroit’s. Continue reading
By Nick Brown
Bankruptcy & Restructuring Correspondent, Reuters
REUTERS October 14 2014
(Reuters) – Imagine a global authority, akin to the World Bank, overseeing an internationally recognized restructuring process
for sovereign debtors that looks to reproduce the experience of Detroit and avoid the pain suffered by Argentina.
That’s the vision of the Global Restructuring Organization (GRO), a European restructuring industry group that aims to start a
global conversation about how to deal with sovereign debt, according to Bankruptcy Judge Cecelia Morris, one of the group’s
founders. Continue reading
Investment and growth: a face-to-face discussion with key players
Modena, 24th October 2014
Camera di Commercio, via Ganaceto 134 (Sala Leonelli)
The Global Restructuring Organization “ G.R.O.” is a non-profit Association, limited-membership organization dedicated to advancing and promoting insolvency as a respected discipline in the international field. Its primary purpose is to promote the study and discussion on the topics of corporate crises and restructuring processes by different international actors of the value chain: banks, entrepreneurs, academics, Authorities, managers, judges, advisory firm, law firm, universities.