Mondaq Offshore: Insolvency/Bankruptcy/Re-structuring
KRYS Global
A British Virgin Islands court has sanctioned a liquidator's application for a blended fee remuneration, including a percentage of revenue from assets sold...
Harneys
Tucked away in dusty corners of the Insolvency Act 2003 are two slightly obscure provisions: sections 251 and 257.
Harneys
The BVI today adopted new guidelines for communication and cooperation between courts in cross-border insolvency matters.
Walkers
The powers of provisional liquidators are limited to the extent necessary to maintain the value of the company's assets.
Harneys
The last decade has exposed the bankruptcy courts across the globe to a large volume of international work, and with that experience in mind, the Judicial Insolvency Network (JIN)...
Campbells
In CHC, the company was seeking to have JPLs appointed in order to assist with the implementation of its US Chapter 11 plan.
Conyers Dill & Pearman
As a jurisdiction that currently has no formal restructuring regime, the appointment of a provisional liquidator has long since been utilised for the purpose of facilitating a corporate restructuring...
Maples and Calder
In CHC Group Ltd ("CHC") the Cayman Islands Grand Court has determined that, in certain circumstances...
Walkers
In December's issue of Global Turnaround the focus was on Cayman and Walkers provided commentary.
Maples and Calder
Plenty of ink has been spilled following the ruling of the Cayman Islands Court of Appeal on 18 November 2016 in the Weavering preference case SEB v Conway and Walker.
Andreas M. Mylonas & Co LLC
The global economic crisis could not but have extended to Cyprus, too, and financial transactions taking place in Cyprus. Liquidity being a severe problem, it is nowadays paramount for businesses...
P. N. Kourtellos & Associates LLC
The financial crisis in Cyprus resulted among others in the introduction of the Insolvency Framework, comprising of a package of six bills of legislation that came into force on the 07/05/2015.
Maples and Calder
From 26 June 2017 an enhanced EU regime governing the commencement, recognition and enforcement of insolvency and restructuring proceedings throughout the EU will come into effect.
Collas Crill
In this guide we hope to give our readers a refresher course on Guernsey's insolvency laws in the hope that they will be in a better equipped when one of their clients 'goes under'.
Carey Olsen
In March 2017, the States of Guernsey approved the reform of Guernsey's insolvency laws, which afford greater protection to creditors and investors. The necessary legislative amendments are...
Mayer Brown JSM
Experienced insolvency practitioners in Hong Kong are all familiar with Hong Kong Court of Appeal's decision of 1 March 2006 in the liquidation of Legend International Resorts Limited.
Carey Olsen
Carey Olsen continues to operate at the forefront of offshore asset recovery work and the development of insolvency law and process in Jersey.
Ogier
Jersey has a familiar range of legal processes and remedies for the restructuring and insolvency of corporations.
Bedell Cristin
A Jersey company or one of its creditors may wish the company to be placed into administration in England under Schedule B1 of the UK's Insolvency Act 1986 (the "Act").
Walkers
Please note that we have assumed that the Company is a private limited company, that it is solvent, and that all the directors and shareholders will agree to wind up the Company.
Most Popular Recent Articles
Ogier
The appointment of a provisional liquidator is not often pursued as the practical implications are draconian: directors lose the ability to control and manage the company's affairs.
BLC Robert
What systems of law are used within your jurisdiction and what are they used for (i.e. English law for project development, New York law for high yield issues)
Juristconsult Chambers
In the World Bank Doing Business Report 2017, Mauritius was once again ranked first among the sub-Saharan economies, but nevertheless made a spectacular fall, moving down from an overall global ranking...
ENSafrica
Below is an overview of those legal changes that we deem notable.
Maples and Calder
From 26 June 2017 an enhanced EU regime governing the commencement, recognition and enforcement of insolvency and restructuring proceedings throughout the EU will come into effect.
Harneys
Tucked away in dusty corners of the Insolvency Act 2003 are two slightly obscure provisions: sections 251 and 257.
KRYS Global
Kenneth Krys and Charlotte Caulfield secured a further victory in their long-running litigation with US hedge-fund Farnum Place LLC before the US Second Circuit of Appeals.
Carey Olsen
In March 2017, the States of Guernsey approved the reform of Guernsey's insolvency laws, which afford greater protection to creditors and investors. The necessary legislative amendments are...
Ogier
International guidelines on cross-border insolvency matters have recently been adopted by the BVI courts.
Travers Thorp Alberga
The BVI and Cayman Courts are usually the work horses of the Caribbean international financial centres. 2016 proved to be no different.
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