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British Virgin Islands
Maples Group
In response to global OECD base erosion and profit shifting standards regarding geographically mobile activities, the British Virgin Islands (the "BVI")...
Cayman Islands
The closest Chinese equivalent to the English idiom of ‘sticking one's head in the sand' is ‘covering one's ears to steal bells'.
As part of the on-going restructuring of the LATAM Airlines group, the Grand Court of the Cayman Islands (the "Court") recently approved an application made by the joint provisional liquidators...
Maples Group
The approved protocol reinforces its commitment to cooperate and assist in cross-border insolvency and restructuring matters.
Justice McMillan noted that the question of a secured creditor's standing to present a winding up petition had not previously been dealt with by the Grand Court.
A.G. Erotocritou LLC
The Covid-19 pandemic created an unprecedented situation for the lives and livelihoods of people from every socioeconomic background.
Dominican Republic
Guzman Ariza Attorneys At Law
The exponential spread of CODIV-19 is seriously affecting the financial standing of businesses and individuals at a global scale.
Uncertain times produce challenges for wealth managers and structures, and the last few months have presented both issues and opportunities for Family Offices.
Hong Kong
A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People's Republic of China ('PRC')...
COVID-19 has created unforeseen challenges to businesses all over the world, resulting in many companies being unable to survive the pandemic
Rumours that a company is in the zone of insolvency may create a race to the assets, with potential creditors or interested parties commencing proceedings ...
Collas Crill
The below article, written by Collas Crill's Of Counsel in Jersey Sam Williams and first published on Lexis PSL, provides an update on the latest developments in the Z Trusts insolvency case...
In the current COVID-19 environment it is likely that there will be more businesses becoming insolvent.
Fenech & Fenech Advocates
Legal Notice 373 of 2020 The Companies Act (Suspension of Filing for Dissolution and Winding Up) Regulations (the "Regulations") was published on the 15th of September 2020. Back in March, ...
On 21 July 2020, the Minister of Finance, Economic Planning and Development issued the Insolvency (Extension of Time During COVID-19 Period)
On 7 August 2020, the Bankruptcy Division of the Supreme Court of Mauritius (Bankruptcy Division) delivered judgment in Alteo Agri Ltd v Ramasawmy & Ramasawmy Co. Ltd 2020 SCJ 176...
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
One such provision will revise the existing requirement that a debtor commences procedures to declare bankruptcy if in distress.
Clyde & Co
Business are suffering from the economic impact of the global pandemic.
The severe economic ramifications of COVID-19 continue to be felt across the world and will continue to impact countries and companies for some time to come.
In times of financial pressure, it is not unheard of for companies to enter into transactions that turn out, with the benefit of hindsight to be far more disadvantageous than understood, or to act in ways which when reviewed down the line can take on a questionable complexion.
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