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Insolvency/Bankruptcy
Australia
Corrs Chambers Westgarth
The Court exercised its discretion and ordered that a proposed creditors' resolution to appoint liquidators was passed.
HHG Legal Group
This decision set a higher threshold for determining applications for a court inquiry into the conduct of liquidators.
Canada
Borden Ladner Gervais LLP
On January 23, 2020, the Supreme Court of Canada unanimously allowed the appeal from the Québec Court of Appeal's ...
MLT Aikins LLP
In PricewaterhouseCoopers Inc v 1905393 Alberta Ltd, 2019 ABCA 433, the Alberta Court of Appeal recently clarified the test that a receiver must satisfy when seeking approval of a sale of assets.
Norton Rose Fulbright Canada LLP
In January 2020, Madam Justice B.E. Romaine of the Court of Queen's Bench of Alberta ruled that an administrative penalty levied against the Respondent by the Alberta Securities Commission survived his discharge from bankruptcy.
Davies Ward Phillips & Vineberg
The Supreme Court of Canada's decision in 9354-9186 Québec Inc. v Callidus Capital Corporation unanimously overturned a unanimous decision of the Québec Court of Appeal.
India
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.
Fair & Just Legal Solutions LLP
The Insolvency and Bankruptcy Code, 2016 is considered as an important legislation for early detection of financial sickness of any corporate debtor and to deal with such sickness in a time bound manner ...
Lex Favios
The Insolvency and Bankruptcy Board of India (IBBI), vide the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2020,...
Jersey
Bedell Cristin Cayman Partnership
There are two principal regimes for corporate insolvency in Jersey: désastre and winding-up.
Collas Crill
Jersey is a popular place to establish an asset holding company because the Companies Law is modern, flexible and modelled on English companies legislation.
Netherlands
Jones Day
The Netherlands is planning to adopt new restructuring legislation, allowing for court confirmation of extrajudicial restructuring plans (Wet Homologatie Onderhands Akkoord, or WHOA).
South Africa
Fasken
The state of the SOEs is particularly complex, sensitive and special.
United States
Shearman & Sterling LLP
On January 14, 2020, the Supreme Court of the United States issued a decision resolving the question of whether a motion for relief from the automatic stay constitutes...
Squire Patton Boggs LLP
Thus Ritzen Group's notice of appeal came too late.
Kramer Levin Naftalis & Frankel LLP
In February 2018, the U.S. Supreme Court issued an opinion that, at first blush, appeared to severely curtail ...
Kramer Levin Naftalis & Frankel LLP
The recent decision of the Bankruptcy Court for the Southern District of New York in In re AAGS Holdings LLC, Case No. 19-13029 (SMB) (Bankr. D. Del. Nov. 12, 2019), ...
Worldwide
Bedell Cristin Cayman Partnership
The Judicial Committee of the Privy Council ("Privy Council") in London, which is the highest appeal court for many Caribbean jurisdictions
Kirkland & Ellis International LLP
The English court has held that solvent proceedings cannot be recognised under the Cross-Border Insolvency Regulations 2006 ("CBIR")
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