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Insolvency
Australia
Corrs Chambers Westgarth
In recent case 2 linked companies were to be a pooled group to satisfy the external debts payable by both companies.
McCullough Robertson
Article discusses new law that gives greater powers to detect and disrupt phoenix activity and to prosecute offenders.
Bahamas
Lennox Paton
The Privy Council has determined clawback claims can be served outside of the jurisdiction on a foreign creditor.
Canada
Aird & Berlis LLP
On December 30, 2019, the Supreme Court of Newfoundland and Labrador (the "NLSC") released its decision in Re Norcon Marine Services Ltd.1 ("Norcon Marine"),
Torkin Manes LLP
Resolving the way a separated couple's property is dealt with can be complicated, but it gets even more complex if one of the spouses declares bankruptcy after separation.
India
Khaitan & Co
The Supreme Court has recently in its judgment dated 21 January 2020, in the case of Standard Chartered Bank v MSTC Limited [SLP (C) No 20093 of 2019], provided clarity on the interplay between the ...
HSA Advocates
The CIRP of an FSP shall be initiated on an application by the appropriate regulator.
Israel
Yigal Arnon & Co
Israel recently enacted a new Insolvency Law, which came into effect in September 2019. The statute substantially revises procedures and substantive rights in connection with corporate insolvency
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.
United States
Ward and Smith, P.A.
Filing a bankruptcy petition automatically halts efforts to collect pre-petition debts from the debtor outside of bankruptcy.
Masuda, Funai, Eifert & Mitchell, Ltd.
In any bankruptcy, there are inevitably winners and losers. The winners do not always do virtuous acts to win and the losers are not necessarily evil.
Foley & Lardner
When entering into a joint venture or other ongoing contractual relationship in which intellectual property ("IP") is central to the value proposition
Stites & Harbison PLLC
On Wednesday, February 19, 2020, the Small Business Reorganization Act of 2019 becomes effective, creating a new Subchapter V for small-business debtors (less than $2,725,625 in debt).
Bowditch & Dewey
In February 2020, the Small Business Reorganization Act became effective, adding a set of new reorganization provisions to the Bankruptcy Code
Jones Day
In the July/August 2019 issue of the Business Restructuring Review, we discussed a landmark decision by the U.S. Court of Appeals for the Fifth Circuit in In re Ultra Petroleum Corp., 913 F.3d 533(5th Cir. 2019).
Jones Day
A brief chronicle of the year's developments in corporate bankruptcy and restructuring.
Jones Day
A basic tenet of bankruptcy law, premised on the legal separateness of a debtor prior to filing for bankruptcy and the estate created upon a bankruptcy filing, is that prepetition debts are generally treated differently.
Jones Day
Under the "single-satisfaction rule," although a bankruptcy trustee or a chapter 11 debtor-in-possession ("DIP") may seek to avoid and recover avoidable transfers of a debtor's property from more than one transferee
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.
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