As the world slowly emerges from the initial emergency phase of the COVID-19 pandemic and life returns, albeit not to business as usual, at least to increasing economic activity, the deep financial implications...
British Virgin Islands
The recent first instance decision in Rangecroft Limited v. Lenox International Holdings Ltd BVIHC (Com) 37 of 2020 (unreported, 6 July 2020) is an interesting and potentially far reaching one.
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.
The Cayman Islands continues to be a jurisdiction of choice for the establishment of investment funds, portfolio investment companies and corporate vehicles,...
Elias Neocleous & Co LLC
On 6 July 2020, the Cyprus government announced that it was seeking to raise up to EURO 750m from the international markets.
Elias Neocleous & Co LLC
On 15 May 2020, DBRS became the latest international credit rating agency to announce its assessment of Cyprus' credit worthiness. Encouragingly, despite Cyprus now being two months into the Covid-19 pandemic...
Commercial Director, Fund Services at TMF Group Timo Hirte tells Private Equity Wire that clients are preparing to launch new fund vehicles – primarily out of Luxembourg...
STA Law Firm
A curious story emerged on 11 April 2017 when a man was charged with planting a bomb under the Borussia Dortmund football club team bus in April.
Amongst the fanfares of Ode to Joy and the sighs of relief as Ursula von der Leyden trumpeted "Europe's moment" by announcing a proposal for a recovery fund of €750bn....
COVID-19 has created unforeseen challenges to businesses all over the world, resulting in many companies being unable to survive the pandemic
The Stock Exchange of Hong Kong Limited (the Exchange) published ‘Consultation Conclusions on Review of Chapter 37 – Debt Issues to Professional Investors Only' (the Consultation Conclusions) ...
Isle of Man
A right to keep possession of property belonging to another person until a debt owed by that person is discharged.
Ogier's new fund finance specialist in Luxembourg, Jad Nader, says that the deal pipeline is beginning to flow following a summer slowdown.
10 June 2020 – Welcome to Asset Yield, the podcast series of Kinstellar Asset Solutions, where we interview principal investors, originators, advisors, and funders in the world...
As part of the economic stabilization program, the Luxembourg state will guarantee bank loans granted to businesses up to 2.5 billion euros, which is introduced by the law of 18 April 2020 setting up a guarantee scheme for the Luxembourg economy.
This amendment to the Temporary Framework gives flexibility to Member States to provide recapitalisations and subordinated debt to companies in need.
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
It is certainly an arduous exercise and shocking to ascertain the overall impact of coronavirus on the life of the individuals
BSA Ahmad Bin Hezeem & Associates LLP
From asking your bank for a mortgage payment holiday or knowing where you stand when it comes to defaulting on your payments, legal experts in the United Arab Emirates explain
It is trite law that where a petition debt is disputed in good faith and on substantial grounds, the ordinary practice of the Court is to dismiss or strike out the winding up petition.