Mondaq Offshore: Insolvency/Bankruptcy/Re-structuring
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)...
Harneys
In an era of increasing complexity in regulation globally, the BVI has carefully built a simple and clear regulatory framework that minimises the legal risk for lenders and financial markets participants dealing with BVI companies.
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.
Walkers
A recent judgment of the Cayman Islands Court of Appeal (‘CICA') has provided a welcome degree of certainty for investors and insolvency practitioners alike...
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.
Michael Kyprianou & Co LLC
The purpose of this legislation is the sale of the mortgaged asset without the intervention of any governmental department and the new procedure is conducted exclusively by the mortgagee.
Michael Kyprianou & Co LLC
The economic downturn in recent years has resulted in the increase of natural persons declaring their businesses insolvent. Legislation that governs insolvency is based on Chapter 5 of the Insolvency Law...
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...
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'.
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
Maples and Calder
The British Virgin Islands continues to be a jurisdiction of choice for corporate vehicles entering into secured finance transactions, and remains a markedly creditor-friendly jurisdiction.
Ogier
For the first time in around 40 years, Jersey's Viscount looks likely to be recognised by the English High Court to administer a major cross-border insolvency case.
Walkers
In a recent case before the Grand Court of the Cayman Islands Walkers, along with Robert Levy QC as leading counsel, has successfully argued that a dissenting shareholder in proceedings...
Maples and Calder
The Cayman Islands recently introduced a new, flexible, hybrid entity, the limited liability company (each an "LLC"), that is subject to the Limited Liability Companies Law, 2016 (the "LLC Law").
Bedell Cristin
issue a certificate of dissolution in the approved form certifying that the company has been dissolved.
GANADO Advocates
Formalities. In order to create an enforceable debt obligation of the obligor to the seller: (a) is it necessary that the sales of goods or services are evidenced by a formal receivables contract...
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.
Harneys
This guide outlines the procedure for a voluntary liquidation of a solvent Cayman Islands exempted company and the duties of its liquidator.
Campbells
In CHC, the company was seeking to have JPLs appointed in order to assist with the implementation of its US Chapter 11 plan.
ELVINGER HOSS PRUSSEN
Regulation (EU) 655/2014 of 15 May 2014 establishing a European Account Preservation Order procedure ("Regulation") became applicable on 18 January 2017.
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