Corrs Chambers Westgarth
ASIC pursued enforcement action against directors that resulted in the first sentence of imprisonment for a 'shadow director'.
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.
Aird & Berlis LLP
On January 29, 2020, the Alberta Court of Appeal (the "Alberta CA") released its decision in PricewaterhouseCoopers Inc. v Perpetual Energy Inc.1
Borden Ladner Gervais LLP
On January 23, 2020, the Supreme Court of Canada unanimously allowed the appeal from the Québec Court of Appeal's ...
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.
The banking sector has been under tremendous stress in the past few years due to the increasing number of non-performing assets (NPA)...
Fair & Just Legal Solutions LLP
The Insolvency and Bankruptcy Code, 2016 ("IBC") deals
with reorganisation and insolvency resolution of corporate persons
Fair & Just Legal Solutions LLP
In case any corporate debtor defaults in making payment to its creditor(s), a corporate insolvency resolution process ("CIRP") may be initiated against such corporate debtor.
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
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.
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
Misconceptions persist among business owners and directors as to the purpose of the UAE Bankruptcy Law and its comparative likeness to international counterparts, notably the US Bankruptcy Code.
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
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).
A brief chronicle of the year's developments in corporate bankruptcy and restructuring.
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.
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
In McKillen v. Wallace (In re Irish Bank Resolution Corp. Ltd.), 2019 WL 4740249 (D. Del. Sept. 27, 2019), the U.S. District Court for the District of Delaware had an opportunity to consider, as an apparent matter of first impression, ...