Mondaq Offshore: Insolvency/Bankruptcy/Re-structuring
Carey Olsen
In the January 2018 edition of our dispute resolution and insolvency bulletin, we review eight cases from the BVI Commercial Court and BVI Court of Appeal from the past year.
Carey Olsen
In the January 2018 edition of our dispute resolution and insolvency bulletin...
Maples and Calder
BVI law is a mixture of statute and common law. The principal statute governing corporate and personal insolvency in the BVI is the Insolvency Act 2003, which is supported by the regulations set out in the Insolvency Rules 2005.
Maples and Calder
The Cayman Islands continues to be a jurisdiction of choice for the establishment of investment funds, portfolio investment companies and corporate vehicles ...
Conyers Dill & Pearman
IF there was any uncertainty that the Cayman Islands is a top jurisdiction of choice for complex litigation and restructuring matters, two cases in 2017 prove ...
Walkers
A recent judgment of the Cayman Islands Court of Appeal1 (CICA) has over-turned an earlier decision of the Grand Court of the Cayman Islands (Grand Court) which had conferred the power...
Campbells
This year's Chambers Global Practice Guide to Insolvency Law in the Cayman Islands was once again authored by Guy Manning, Guy Cowan and Mark Goodman of Campbells.
Maples and Calder
Consolidated and amended insolvency and restructuring rules and regulations come into force in the Cayman Islands on 1 February 2018 (the "Amended Rules").
Maples and Calder
In this article Caroline Moran and Nick Herrod, who acted for the successful scheme of companies, discuss the Ocean Rig restructuring of US$3.7 billion in New York law governed debt, the largest ever Cayman Islands restructuring.
Maples and Calder
The Cayman Islands is an overseas territory of the United Kingdom and the legal system is an English-style common law system, which comprises statute law and binding case precedents.
Maples and Calder
Building on what is now a consistent theme in Cayman Islands law; the Privy Council's decision in DD Growth has further reinforced the serious challenges faced by liquidators of investment funds...
Guzman Ariza Attorneys At Law
Summary: Law 141-15 pertains to restructuring and liquidation of companies and commercial persons places the Dominican Republic among the countries with the most advanced and modern legislation in the matter.
Guzman Ariza Attorneys At Law
Prior outdated bankruptcy laws in effect before Law 141-15 did not allow for the restructuring of companies in distress and merely gave way for business asset liquidations.
Carey Olsen
David Jones, counsel at Carey Olsen, and Stuart Gardner, a director at EY in Transaction Advisory Services, writing on behalf of the Guernsey Investment Fund Association, look at Guernsey's role...
Stephenson Harwood
This is the first Hong Kong decision where a foreign scheme of arrangement was sanctioned by the Hong Kong Court following a letter of request from a foreign Court.
Dillon Eustace
The decision of the High Court in Re Hayes (a debtor) ([2017] IEHC 657), illustrates the impact that the Personal Insolvency Act 2012 (as amended) (the "Act") may have on secondary purchasers of loan portfolios.
Carey Olsen
Jeremy Garrood, a Partner in Carey Olsen's Dispute resolution team appeared in the Royal Court of Jersey on Friday 26 January 2018 instructed by the UK Official Receiver to apply for the appointment of Jersey liquidators ...
BSA Ahmad Bin Hezeem & Associates LLP
Bankruptcy Laws in UAE and KSA.
BSA Ahmad Bin Hezeem & Associates LLP
Throughout the UAE, a common frustration exists with insolvencies due to its time-consuming nature and significantly low recovery rates, which stemmed from the outdated governance of insolvency ...
STA Law Firm
Since the time of its promulgation in the year 2016, the Bankruptcy Law has been widely discussed and deliberated on. The enactment of Federal Law Number 9 of 2016 (the New Law) ...
Most Popular Recent Articles
Campbells
In a Ruling that will be of interest to users of the Cayman courts, the Grand Court has ordered a Cayman fund in liquidation to pay as damages, the costs of foreign proceedings commenced in breach of contract ...
Appleby
This year has already seen a number of major high street casualties in the sectors of retail and casual dining, with reports that the number of UK based restaurants "going under" increased by...
TMF Group
Hong Kong is an established business hub strategically centred in the heart of Asia, but navigating the complex tax, legal and regulatory hurdles can be difficult without local help on board.
Walkers
A recent judgment of the Cayman Islands Court of Appeal1 (CICA) has over-turned an earlier decision of the Grand Court of the Cayman Islands (Grand Court) which had conferred the power...
Maples and Calder
In a decision that does much to reassert legal certainty for investors in Cayman Islands funds the Cayman Islands Court of Appeal ("CICA") has overruled a decision of the Grand Court concerning...
BSA Ahmad Bin Hezeem & Associates LLP
Throughout the UAE, a common frustration exists with insolvencies due to its time-consuming nature and significantly low recovery rates, which stemmed from the outdated governance of insolvency ...
Conyers Dill & Pearman
IF there was any uncertainty that the Cayman Islands is a top jurisdiction of choice for complex litigation and restructuring matters, two cases in 2017 prove ...
BSA Ahmad Bin Hezeem & Associates LLP
Bankruptcy Laws in UAE and KSA.
Carey Olsen
The Royal Court of Jersey was recently required to consider its approach when a trustee in bankruptcy appointed in a foreign jurisdiction (the "Trustee"), whose appointment has been recognised...
Proskauer Rose LLP
Earlier this year, Hong Kong's insolvency regime turned a corner with the coming into effect of much needed amendments to its corporate insolvency statute, the Companies Ordinance.
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