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Offshore
Insolvency
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
Walkers
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.
Walkers
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.
Ogier
In recent years the Cayman Islands courts have become increasingly sympathetic to the needs of debtor companies looking to implement a viable restructuring plan.
Cyprus
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.
European Union
Appleby
As the impact of the Covid-19 pandemic deepens and a prolonged "U" shaped recession looks increasingly more certain...
Guernsey
Walkers
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
Conyers
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')...
Gall
COVID-19 has created unforeseen challenges to businesses all over the world, resulting in many companies being unable to survive the pandemic
Jersey
Ogier
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...
Ogier
In the current COVID-19 environment it is likely that there will be more businesses becoming insolvent.
Malta
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, ...
Mauritius
Appleby
On 21 July 2020, the Minister of Finance, Economic Planning and Development issued the Insolvency (Extension of Time During COVID-19 Period)
Appleby
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
Clyde & Co
Business are suffering from the economic impact of the global pandemic.
Worldwide
Appleby
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.
Walkers
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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