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Europe
Insolvency
France
Courtois Lebel
As the SASs are not required to set up a "board of directors", the provisions obliging to convene the COMMITTEE delegates to the boards of directors' meetings are not applicable.
Guernsey
Walkers
The spotlight is now back on the role of directors in pre-pack deals following the English High Court's recent decision on the fiduciary duties directors owe following a company's insolvency.
Carey Olsen
Reforms to Guernsey's insolvency laws that will provide for an even more effective corporate insolvency regime should be welcomed by those within industry
GuernseyFinance
Changes in Guernsey's Insolvency Law have been approved by the island's government, the States of Guernsey.
Carey Olsen
With the States of Guernsey's approval yesterday of the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (the "Ordinance")
Collas Crill
On 15 January 2020 the States of Guernsey approved the long-awaited final version of the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (the Ordinance).
Walkers
Reforms to Guernsey's insolvency legislation to give greater powers to administrators and liquidators and streamline distribution processes are likely to be enacted in the very near future
Ogier
On 15 January 2020 the States of Guernsey passed the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020, making Guernsey an even more desirable forum for insolvency proceedings.
Ireland
Dillon Eustace
In February 2016 ACC Loan Management Limited (ACC) appointed the plaintiff as receiver over two properties belonging to the first and second named defendants.
Jersey
Bedell Cristin Cayman Partnership
There are two principal regimes for corporate insolvency in Jersey: désastre and winding-up.
Collas Crill
Jersey is a popular place to establish an asset holding company because the Companies Law is modern, flexible and modelled on English companies legislation.
Appleby
Once upon a time the high street was packed with household names. High footfall, consumer confidence and disposable income all made for fairy-tale returns for retailers and landlords alike.
Netherlands
Jones Day
The Netherlands is planning to adopt new restructuring legislation, allowing for court confirmation of extrajudicial restructuring plans (Wet Homologatie Onderhands Akkoord, or WHOA).
Turkey
ADMD
Cebri bir sulh anlaşması olan konkordato kurumunun uygulama alanı genişletilirken iflas ertelemesi kurumu kaldırılmıştır.
ADMD
While the postponement of bankruptcy is abolished, the application of concordat as a compulsory peaceful agreement is rendered more applicable.
UK
Hogan Lovells
The Pension Schemes Bill [HL] 2019-20 (Bill) was re-introduced before Parliament on 7 January 2020. Among its proposed amendments to the Pensions Act 2004...
Herbert Smith Freehills
In a long-awaited development of cross-border insolvency cooperation between Hong Kong and Mainland China, the Hong Kong Court has granted recognition and assistance to Mainland liquidators for the first time.
Worldwide
Hassans
In answer to the question, "not quite". The use of Administration in Gibraltar for insolvent companies is a fairly recent, and in the case of insurance companies, an innovative use of this insolvency procedure.
Kirkland & Ellis International LLP
The English court has held that solvent proceedings cannot be recognised under the Cross-Border Insolvency Regulations 2006 ("CBIR")
Hogan Lovells
Just in time for Chinese New Year, a Hong Kong court has taken a major step forward in the developing law on cross-border insolvency by recognising ...
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