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.
Reforms to Guernsey's insolvency laws that will provide for an even more effective corporate insolvency regime should be welcomed by those within industry
Changes in Guernsey's Insolvency Law have been approved by the island's government, the States of Guernsey.
With the States of Guernsey's approval yesterday of the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (the "Ordinance")
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).
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
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.
In February 2016 ACC Loan Management Limited (ACC) appointed the plaintiff as receiver over two properties belonging to the first and second named defendants.
Bedell Cristin Cayman Partnership
There are two principal regimes for corporate insolvency in Jersey: désastre and winding-up.
Jersey is a popular place to establish an asset holding company because the Companies Law is modern, flexible and modelled on English companies legislation.
The Netherlands is planning to adopt new restructuring legislation, allowing for court confirmation of extrajudicial restructuring plans (Wet Homologatie Onderhands Akkoord, or WHOA).
Cebri bir sulh anlaşması olan konkordato kurumunun uygulama alanı genişletilirken iflas ertelemesi kurumu kaldırılmıştır.
While the postponement of bankruptcy is abolished, the application of concordat as a compulsory peaceful agreement is rendered more applicable.
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.
Edwin Coe LLP
Some might say that "hell hath no fury like a spouse scorned".
Perhaps the fury might be fuelled further if the scorned spouse
is obstructed by attempts to put assets out of reach by a strategic
Shepherd and Wedderburn LLP
It is well established that the courts will only refuse to enforce an adjudicator's award in fairly limited circumstances. One such set of circumstances is where the party to be paid
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")
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 ...