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Bankruptcy & Restructuring

Reorganizations of companies; their operations and personnel; and their debts.

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India’s Supreme Court Clears Essar Acquisition

15 Nov 2019 - ArcelorMittal expects to soon plant a flag in India after the country’s Supreme Court paved the way for it complete its planned acquisition of Essar Steel India Ltd. 

Jingye Steel Enters Agreement to Buy British Steel

13 Nov 2019 - China’s Jingye Group has struck an agreement to acquire long steel manufacturer British Steel Ltd., ending months of uncertainty about its future.

A Window Closes For One British Steel Bidder, But Opens for Others

28 Oct 2019 - Officials from China’s Jingye Group are to visit British Steel this week after the company’s court-appointed receiver and the preferred bidder failed to reach a sales agreement during a 10-week exclusivity period, reports the (London) Financial Times. 

Liberty House Revisits Bid for British Steel

23 Oct 2019 - Sanjeev Gupta’s Liberty House Group has renewed discussions about taking over financially troubled British Steel, the U.K.’s second-largest steel producer, according to Sky News. 

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