In a William Fry article published earlier this year, we discussed the Irish government's approval to opt-in to a regulation amending Annexes A and B to the European Insolvency Regulation 2015...
As another Irish Court year will soon commence, now is an opportune time to look back at some of the more interesting insolvency and ...
In the last of a three-part series on Jersey and Guernsey law in the New Law Journal, Senior Associate Karen Stachura provides an overview of restructuring procedures available in the Channel Islands...
In September 2020, only months into what we now know was to become a two-year Global Pandemic, we looked at what Covid-19 might mean for businesses and their creditors.
Regulation (EU) No 655/2014 of the European Parliament and of the Council of 15 May 2014 (the "Regulation") establishing a European Account Preservation Order procedure...
The Luxembourg law on financial collateral arrangements dated 5 August 2005, as amended, (the "Law") has provided, since its inception, market participants with a strong and well-tested framework.
Brown Rudnick LLP
14,081 businesses and individuals in Switzerland filed for bankruptcy in 2021, according to the Swiss Statistical Office, marking a 9.1 per cent increase compared with 2020.
Sermaye şirketlerinde faaliyetlerin zarara sebebiyet vermesi, döviz kurunun hareketliliği nedeniyle şirketlerin borca batık hale gelmesi ve bunun neticesinde şirketlerin...
Tunc Firat Dereli
Upon the Turkish Lira currency crisis of August 2018, the Turkish real sector encountered a liquidity shortage due to a considerable amount of foreign currency borrowings.
In recent years, situations have often occurred in which the activities of stock companies have caused losses, companies have become submerged in debt due to the mobility of the exchange rate...
Amy Jacks and James Morris discuss how to protect construction businesses from insolvencies.
Morrison & Foerster LLP
On July 7, 2022, the UK Insolvency Service, an executive agency of government responsible for a variety of roles in administering the UK insolvency regime, published a consultation...
Dispute Resolution analysis: The High Court has granted an application to wind up a company incorporated in Luxembourg in a decision which sheds light on the application of cross-border insolvency principles...
When a company goes into a formal insolvency procedure, employees are understandably concerned about their job security and the company's ability to pay their salaries.
Restructuring and Insolvency analysis: The respondents to a claim brought by the joint liquidators of BHS Group companies have successfully struck out parts of claims brought under sections 212 and 214 of the Insolvency Act 1986 ...
When a company is insolvent, the directors of a company are under a duty to protect the interests of the company's creditors.
Holders of the bonds issued by Tuspark Forward Ltd ("TusPark") are organising a bondholder group to represent their interest in an expected restructuring of US$400 million 7.95% guaranteed bonds due 2024 ...
It is always critical, in order to preserve value or protect your position, to take swift action in an insolvency scenario. Over the last couple of years – with Brexit, the COVID-19 pandemic and, more recently...
Morrison & Foerster LLP
On 1 August 2022, the English High Court granted the administrators of Petropavlovsk PLC (the "Company") permission to enter into a sale of its Russian assets to Russian entity UMMC-Invest...
Our recommendations to clients have not materially changed despite the current economic environment. We continue to recommend that businesses in financial distress be proactive and seek legal advice...