Source: http://us.practicallaw.com/topic9-103-2072
Timestamp: 2017-03-23 02:15:30
Document Index: 448062200

Matched Legal Cases: ['UKSC ', 'EWCA ', 'EWCA ', 'EWCA ', 'EWCA ', 'EWCA ']

For resources on restructuring and insolvency, please click on the relevant sub-topic or related topic link below. AllPractice NotesDocumentsClausesChecklistsArticlesUpdates145
Practice Note: Overview1Hot topics: Bank Recovery and Resolution Directive (BRRD)An overview of current developments relating to the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD), which established a recovery and resolution framework for EU credit institutions and investment firms.The key primary source material table in this note contains links to key primary source material and related Practical Law Financial Services legal updates. It is not intended to be an exhaustive list of all relevant materials published by interested parties.Practice Note: OverviewMaintainedPractice Notes1BRRD: overviewThis note provides an overview of the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD), which established a recovery and resolution framework for EU credit institutions and investment firms. It contains requirements relating to recovery and resolution plans, early supervisory interventions and the resolution of firms, including the introduction of a bail-in tool.Practice NotesMaintained2Lehman Brothers: client asset issuesThis resources document provides links to key PLC legal updates, case reports and articles available to PLC Financial Services subscribers in relation to client asset issues arising from the administration of Lehman Brothers International (Europe) (LBIE), including links to the relevant key primary sources. It is not intended to be an exhaustive list of all PLC materials relevant to Lehman Brothers client asset issues. For more information on the work of the FSA, HM Treasury and other bodies on strengthening the UK client assets regime in response to the issues highlighted by the financial crisis and the collapse of Lehman Brothers, see Practice note, FSA reform of client assets regime (2008-11): thematic work and rules changes.Practice Notes24-Feb-2012Checklists1Timeline of the Chapter 11 Plan ProcessA timeline showing the typical progression of the Chapter 11 plan process.ChecklistsMaintainedArticles1Insolvency and directors' duties: PrefaceArticles01-Jan-20172Court and out of court restructuring options in Jersey and ...This article provides an overview of court and out of court restructuring and insolvency procedures under Jersey law and Guernsey law. This article is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Articles01-Jun-20163Recognition and treatment of non-EU insolvency proceedings ...This article analyses the recognition of non-EU insolvency proceedings under German law and outlines: • The conditions for recognition. • The effects of recognition. • Practical steps for enforcing non-EU insolvency proceedings in Germany. This article is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Articles01-Jun-20164The Luxembourg restructuring paradoxDespite not expressly providing for a formal out-of-court restructuring framework, Luxembourg remains a popular jurisdiction for international debt restructurings. This article looks at Luxembourg's unique characteristics and its particular advantages in an international restructuring context, covering: The Luxembourg vehicle as a restructuring tool. Luxembourg's safe and robust security package. The advantages of a conservative insolvency test. Director liability. Luxembourg court-driven recovery procedures. English recovery proceedings and the establishment of a sufficient connection. This article is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Articles01-Jun-20165Foreign insolvency office-holder claims against British ...This article is designed to assist an insolvency office-holder appointed in foreign proceedings faced with the prospect of making claims against a British-domiciled defendant. It focuses specifically on office-holder claims, and looks at the assistance available under the Cross-Border Insolvency Regulations 2006 and the recognition procedures to be followed in order to unlock that assistance. This article is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Articles01-Aug-20156Asian insolvency trendsThis article provides a brief overview of the current insolvency trends in Asia. The article sets out the three broad groupings that Asian countries are typically classified within with respect to their bankruptcy procedures. The article provides examples of the insolvency laws developed in individual Asian countries within each of the three groupings.Articles01-Apr-20157Post-petition financing in GermanyThis article describes some of the legal aspects for granting loans to an insolvent debtor or insolvency administrator after filing for insolvency proceedings (Post-Petition Financing) in Germany. In particular, the article outlines the relevant insolvency procedures, the arrangements for Post-Petition Financing and the legal issues in relation to obtaining such financing. This article is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Sep-20148Order of creditor and contributory ranking on a debtor's ...This table provides a summary of the order of creditor and contributory ranking on a debtor's insolvency. Click on each jurisdiction for further information and to check the law stated date. This table is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Articles25-Jul-20149A new approach to business failure and restructuring: pre ...On 12 March 2014, the European Commission issued a Recommendation for a new approach to business failure and insolvency to be adopted by EU member states. This article outlines: • The Commission's Recommendation. • The approach to pre-insolvency restructuring solutions under German legislation. • The German approach to restructuring businesses in practice. • The likelihood of reform to German restructuring law following the Recommendation. This article is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Jul-201410Arrangements, schemes of arrangement, mergers, compulsory ...This article provides an overview of the regimes available to companies in the British Virgin Islands under the BVI Business Companies Act 2004 (BC), which came into full effect in 2007. The regimes include arrangements; mergers; schemes of arrangement; compulsory redemptions of minority shareholders and rights of dissenting shareholders. The article also sets out the basic procedures for implementing each of the mechanisms introduced under the BC Act.Articles01-Jul-201411German Bond Act 2009: key features, restructuring ...The new German Bond Act came into force in 2009, replacing the first German Bond Act of 1899. The 2009 Act primarily aims to align German bond law with international standards and to improve the ability to effect bond restructurings outside of insolvency proceedings. This is because the lack of flexibility in relation to bond restructurings was identified by legal practitioners and lawmakers as one of the 1899 Act's main flaws. This article sets out some of the key features of the 2009 Act, assesses the first practical experience of bond restructurings under the 2009 Act, and discusses some open questions under the 2009 Act. This article is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Jul-201312Proposal to amend the EC Insolvency Regulation, and ...This article examines the current attempts to harmonise insolvency law within the European Union, with a particular emphasis on how this harmonisation can take place within the Nordic and Baltic regions. This article is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Jul-201313Lehman client money judgment: UK Supreme Court upholds ...In this article, Karen Anderson, Partner, and Sarah Thomas, Senior Associate, in Herbert Smith's Financial Services Regulatory Group, and Patricia Horton, a professional support lawyer in that group, consider the Supreme Court's February 2012 judgment on the administrators' client money application in the matter of Lehman Brothers International (Europe) (LBIE): Re Lehman Brothers International (Europe) (in administration) [2012] UKSC 6. The judgment has a number of implications for firms that hold client money, as well as for firms that hold money with banks and other firms as clients themselves.Articles05-Mar-201214Czech insolvency proceedingsThis article provides general information regarding bankruptcy and restructuring proceedings under Czech law (focusing on corporate debtors and entrepreneurs only), including the description of the roles, rights and duties of particular stakeholders participating in both proceedings. This is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Mar-201215Debt-equity swaps in France: recent developmentsDebt-equity swaps are progressively being viewed in France as an efficient way of reducing the debt level of an excessively leveraged company. This chapter considers how debt-equity swaps can be used out of court, as well as how they can be used in insolvency proceedings. This is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Mar-201216Director's duties in financially distressed companies in ...Company directors are given a high level of responsibility for the consequences of a company's trading should it become insolvent whilst they are in office as directors. Failure to discharge this duty can lift the corporate veil and impose personal liability on the director. This article examines the: General duties of directors when solvent and approaching insolvency. Directors' duty to prevent insolvent trading. Basis for establishing a breach of duty to prevent insolvent trading, penalties for doing so and any available defences.Articles01-Mar-201217Enforcing security interests in German real estate inside and ...With the recent marked increase in real estate portfolio investment in Germany, lenders increasingly need in-depth specialist advice on enforcement routes and are often unable to handle enforcements in-house. This chapter provides an overview of the alternative enforcement routes available and outlines some of the insolvency law considerations that may be of relevance where a property-owning borrower is not resident in Germany. This is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Mar-201218Insolvency law reform in GermanyWith the introduction of new regulations in the German Insolvency Code by the Act for the Facilitation of the Reorganisation of Companies (Gesetz zur Erleichterung der Sanierung von Unternehmen (ESUG)) on 1 March 2012 a new chapter has opened in the German insolvency regime, aimed at providing more attractive and effective means to reorganise and rescue insolvent, or nearly insolvent, companies. The improvement of the creditors' influence on the proceedings, together with the extension of the rights and measures that can be taken in the proceedings and by the debtor, has substantially changed the focus of the insolvency regime. German insolvency proceedings can now be seen as a serious competitor in the international restructuring arena.Articles01-Mar-201219Recent developments in Canada in determining the centre of ...This article examines the principles that the Canadian courts will apply to determine the centre of main interest (COMI) for a debtor with operations in more than one jurisdiction. The determination is an important one, since it will effectively decide whether the relief of a stay of proceedings granted under section 48 of the Companies' Creditors Arrangement Act is automatically available, or only given at the court's discretion. This is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Mar-201220Slovak insolvency proceedingsThis article provides general information regarding bankruptcy and restructuring proceedings under Slovak law, including the description of the roles, rights and duties of particular stakeholders participating in both proceedings. This is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Mar-201221The highly profitable acquisition of assets from insolvent ...This article outlines the peculiarities of the Spanish system regarding foreign investors buying assets from insolvent companies. Specifically, this article examines the increase in and diversification of insolvencies; the background on the insolvency landscape (including the Insolvency Act, subject of the offer and judicial process); successor liability and timing of the acquisition. This article is part of the PLC multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Articles01-Mar-201222PLC Global Finance update for July 2011:United StatesThe United States update for July 2011 for the PLC Global Finance multi-jurisdictional monthly e-mail.Articles08-Aug-201123PLC Global Finance update for June 2011: AustraliaThe Australia update for June 2011 for the PLC Global Finance multi-jurisdictional monthly e-mail.Articles20-Jul-201124What happens on the outsourcer's insolvency: a comparison ...Following the global economic downturn, companies have been faced with the possibility that key outsourced services may suffer, or even disappear, if an external service provider becomes insolvent. This article outlines the US bankruptcy law principles and issues that are most relevant for customers of insolvent outsourcing service providers. It then provides a comparison of those principles with the insolvency frameworks in India and China. This article is part of the PLC multi-jurisdictional guide to outsourcing. For a full list of contents visit www.practicallaw.com/outsourcinghandbook.Articles01-Feb-201125Insolvency of banks and other financial institutions in ...Switzerland introduced a new special insolvency regime for banks and securities dealers. This article considers the rules concerning the insolvency of banks and other financial institutions in Switzerland, with particular focus on the: Legislative structure and key characteristics of the scheme. Overview of restructuring and liquidation proceedings for banks and securities dealers. Set-off and netting agreements in insolvency proceedings. System protection: finality of payment and settlement instructions. Co-ordination with foreign procedures. Recognition of foreign insolvency orders. This article is part of the PLC multi-jurisdictional guide to Restructuring and Insolvency. For a full list of contents visit www.practicallaw.com/restructurehandbook.Articles01-Feb-201026International restructuring: key Russian tax issuesThis article is part of the PLC multi-jurisdictional guide to Tax on Transactions. For a full list of contents visit www.practicallaw.com/taxontransactionshandbook.Articles01-Feb-201027Insolvency in international arbitration: a growing concernAn examination of the impact of an insolvent respondent in an arbitration.Articles28-Jan-200928PLC Global Finance Q&A Guide to the Financial Crisis: United ...A Q&A guide on the causes, effects and regulatory impact of the financial crisis in the United Kingdom.Articles26-Jan-200929Cross-border insolvencies: UK and US markets comparedThe second part in a series on distressed debt considers and compares the insolvency proceedings and regimes in the UK and the US.Articles20-Nov-200830Restructuring and insolvency: time to rebuildAn overview of the US bankruptcy code, including an outline of Chapters 7, 11 and 15 of the Bankruptcy Code and an overview of involuntary proceedings, creditor status in bankruptcy, and parent, director and lender liability. This article is part of the PLC US Special Report, which was published to mark the launch of PLC's first US services.Articles11-Nov-200831Distressed debt investing: UK and US markets comparedA consideration of the issues involved in investing in distressed debt in the UK and US markets.Articles23-Oct-200832Issues and strategies in US-Canada cross-border ...Cross-border insolvency proceedings involving affiliated debtors within a corporate group are becoming the norm. Against this background, this chapter focuses on key issues and trends relevant to cross-border restructurings between the US and Canada, including the effect of recent economic developments, Canadian insolvency reform, using jurisdiction to advantage through the example of the recent Chapter 15 case involving MuscleTech, meeting the requirements for recognition under Chapter 15, recognition of foreign non-main proceedings under existing law and pending insolvency reforms in Canada, the impact of new provisions for the recognition of foreign insolvency proceedings, and assets sales.Articles01-Jan-200833Multi-jurisdictional enforcement: chasing those assetsAn outline of how to plan an enforcement strategy should a cross-border dispute arise.Articles20-Sep-200734Parent entity liability in insolvencyThis table provides a summary of the circumstances in which a parent entity (domestic or foreign) be held liable for the debts of an insolvent subsidiary. Click on each jurisdiction for further information and to check the law stated date. This table is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Articles--Updates1Bar Council Brexit working group publishes "The Brexit ...On 12 December 2016, the Bar Council's Brexit working group published "The Brexit Papers" to help the government assess the most pressing legal concerns arising from the UK's decision to withdraw from the EU.Legal Update: archive14-Dec-20162Execution of a document using an electronic signature: Law ...The Law Society and CLLS have published a practice note on the execution of documents using an electronic signature.Legal Update: archive25-Jul-20163New edition of Restructuring and Insolvency Multi ...The latest edition of the Practical Law Restructuring and Insolvency Multi-jurisdictional Guide has been published, answering key questions on restructuring and insolvency law from the perspective of practitioners in 25 jurisdictions (20 updated jurisdictions for 2014).Legal Update: archive09-Oct-20144In re Barnet: Second Circuit Applies Debtor Eligibility ...The US Court of Appeals for the Second Circuit held, in Drawbridge Special Opportunities Fund LP v. Barnet (In re Barnet), that to seek recognition of a foreign insolvency proceeding under Chapter 15 of the Bankruptcy Code, the debtor eligibility requirements set forth in section 109(a) apply. These requirements provide that a person must have a domicile, residence, place of business or hold property in the US to be a debtor under the Bankruptcy Code.Legal Update: archive22-Jan-20145Belmont Park: Lehman "Flip Clause" Back in CourtA new group of investors in certain synthetic CDOs issued by affiliates of Lehman Brothers filed suit in the US Bankruptcy Court for the Southern District of New York seeking to enforce, on grounds of judicial comity, conditional payment provisions that were ruled unenforceable by the same court in 2010.Legal Update: archive15-Feb-20126FSB key attributes of effective resolution regimes for financial ...The Financial Stability Board has published an international standard on key attributes of effective resolution regimes for financial institutions.Legal Update: archive04-Nov-20117Stern v. Marshall – Supreme Court Limits Bankruptcy Court's ...This article is part of the Global Finance 2011 July e-mail update for the United States. Legal Update: archive08-Aug-20118Banking rehabilitation and insolvency reform in Switzerland ...An update on the restructuring and insolvency multi-jurisdictional guide, which answers key questions on restructuring and insolvency law and practice from the perspective of practitioners in 32 jurisdictions. This update focuses on banking rehabilitation and insolvency reform in Switzerland.Legal Update: archive03-Aug-20119A public register of information on bankruptcy will come into ...This article is part of the PLC Global Finance January 2011 e-mail update for the Russian Federation.Legal Update: archive31-Jan-201110Upcoming changes in German insolvency legislationThis article is part of the PLC Global Finance January 2011 e-mail update for Germany.Legal Update: archive31-Jan-201111Corporate restructuring under the US Bankruptcy Code ...A new practice note, Corporate restructuring under the US Bankruptcy Code: overview has been published.Legal Update: archive02-Dec-201012Lehman Reaches Settlement with BNY and Perpetual in Flip ...An update on the settlement reached by Lehman Brothers Holdings Inc. with BNY Corporate Trustee Services Ltd. and Perpetual Trustee Co. Ltd. in the "flip-clause" cases.Legal Update: archive30-Nov-201013Late claims not recognised under Corporate Rehabilitation ...This article is part of the PLC Global Finance October 2010 e-mail update for Japan.Legal Update: archive29-Oct-201014Subordinated creditors may file for insolvency proceedings ...This article is part of the PLC Global Finance October 2010 e-mail update for Germany.Legal Update: archive29-Oct-201015German Federal Court of Justice finds that comfort letters may ...This article is part of the PLC Global Finance September 2010 e-mail update for Germany.Legal Update: archive01-Oct-201016The Lehman client money judgment: the Court of Appeal ...A new article, The Lehman client money judgment: the Court of Appeal overturns key aspects of the High Court decision, written by Patrick Buckingham, Stephen Gale and Laura Reynolds of Herbert Smith LLP considers the implications of the decision of the Court of Appeal in CRC Credit Fund Limited and others v GLG Investments Plc Sub-Fund: European Equity Fund and others [2010] EWCA Civ 917 (2 August 2010).Legal Update: archive19-Aug-201017Restructuring and Insolvency Cross-border Handbook: taking ...An update on the publication of the PLC Cross-border Restructuring and Insolvency Handbook, which answers key questions on restructuring and insolvency law from the perspective of practitioners in 25 jurisdictions. This update focuses on taking security over personal property.Legal Update: archive20-Jul-201018Green paper on the application of the Brussels RegulationThe European Commission has adopted a report and green paper on Council Regulation (EC) No 44/2001 on jurisdiction, recognition and enforcement of judgments in civil and commercial matters (the Brussels Regulation).Legal Update: archive21-Apr-2009Country Q&A1Insolvency and Directors' Duties in Belgium: overviewQ&A guide to insolvency and directors' duties in Belgium.The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company.To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool.This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Mar-20172Insolvency and directors' duties in Brazil: overviewQ&A guide to insolvency and directors' duties in Brazil. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Feb-20173Insolvency and directors' duties in France: overviewQ&A guide to insolvency and directors' duties in France. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Feb-20174Insolvency and directors' duties in Hong Kong: overviewQ&A guide to insolvency and directors' duties in Hong Kong. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Feb-20175Insolvency and directors' duties in Singapore: overviewA Q&A guide to group insolvency and directors' duties in Singapore. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Feb-20176Insolvency and directors' duties in the Russian Federation ...A Q&A guide to group insolvency and directors' duties in the Russian Federation. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Feb-20177Insolvency and directors' duties in Australia: overviewQ&A guide to insolvency and directors' duties in Australia. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-20178Insolvency and directors' duties in Germany: overviewA Q&A guide to group insolvency and directors' duties in Germany. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-20179Insolvency and directors' duties in Japan: overviewQ&A guide to insolvency and directors' duties in Japan. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-201710Insolvency and directors' duties in Nigeria: overviewA Q&A guide to group insolvency and directors' duties in Nigeria. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-201711Insolvency and directors' duties in Turkey: overviewA Q&A guide to group insolvency and directors' duties in Turkey. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-201712Insolvency and directors' duties in the UK (England and Wales ...Q&A guide to group insolvency and directors' duties in the United Kingdom. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-201713Insolvency and directors' duties in the United States: overviewQ&A guide to insolvency and directors' duties in the United States. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Jan-201714Restructuring and Insolvency in Ireland: overviewA Q&A guide to restructuring and insolvency law in Ireland. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jan-201715Insolvency and directors' duties in Canada: overviewA Q&A guide to group insolvency and directors' duties in Canada. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Dec-201616Insolvency and directors' duties in Italy: overviewA Q&A guide to group insolvency and directors' duties in Italy. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Dec-201617Insolvency and directors' duties in Malaysia: overviewA Q&A guide to insolvency and directors' duties in Malaysia. p>The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Dec-201618Insolvency and directors' duties in Spain: overviewQ&A guide to insolvency and directors' duties in Spain. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Dec-201619Insolvency and directors' duties in Switzerland: overviewA Q&A guide to group insolvency and directors' duties in Switzerland. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Dec-201620Restructuring and insolvency in Japan: overviewA Q&A guide to restructuring and insolvency law in Japan. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Dec-201621Insolvency and directors' duties in Argentina: overviewA Q&A guide to insolvency and directors' duties in Argentina. The Q&A provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Nov-201622Insolvency and directors' duties in Bermuda: overviewA Q&A guide to group insolvency and directors' duties in Bermuda. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Nov-201623Insolvency and directors' duties in Finland: overviewQ&A guide to insolvency and directors' duties in Finland. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Nov-201624Insolvency and directors' duties in India: overviewA Q&A guide to insolvency and directors' duties in India. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and directors' duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Nov-201625Insolvency and directors' duties in The Netherlands: overviewA Q&A guide to insolvency and directors' duties in The Netherlands. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Nov-201626Insolvency and directors' duties in the Cayman Islands ...A Q&A guide to group insolvency and directors' duties in the Cayman Islands. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international group of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the Insolvency and Directors' Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Nov-201627Restructuring and insolvency in Mauritius: overviewA Q&A guide to restructuring and insolvency law in Mauritius. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Nov-201628Restructuring and insolvency in Australia: overviewA Q&A guide to restructuring and insolvency law in Australia. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Sep-201629Restructuring and insolvency in Luxembourg: overviewA Q&A guide to restructuring and insolvency law in Luxembourg. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Sep-201630Restructuring and insolvency in Russian Federation: overviewA Q&A guide to restructuring and insolvency law in Russia. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the Global Guide to Restructuring and Insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Aug-201631Restructuring and insolvency in British Virgin Islands ...A Q&A guide to restructuring and insolvency law in the British Virgin Islands. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jul-201632Restructuring and insolvency in Hong Kong: overviewA Q&A guide to restructuring and insolvency law in Hong Kong. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jul-201633Restructuring and insolvency in Italy: overviewA Q&A guide to restructuring and insolvency law in Italy. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jul-201634Restructuring and insolvency in Kuwait: overviewA Q&A guide to restructuring and insolvency law in Kuwait. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jul-201635Restructuring and insolvency in Spain: overviewA Q&A guide to restructuring and insolvency law in Spain. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jul-201636Restructuring and insolvency in UK (England & Wales) ...A Q&A guide to restructuring and insolvency law in the United Kingdom. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the Global Guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jul-201637Restructuring and insolvency in Germany: overviewA Q&A guide to restructuring and insolvency law in Germany. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jun-201638Restructuring and insolvency in Guernsey: overviewA Q&A guide to restructuring and insolvency law in Guernsey. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Jun-201639Restructuring and insolvency in Norway: overviewA Q&A guide to restructuring and insolvency law in Norway. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Jun-201640Restructuring and insolvency in Bermuda: overviewA Q&A guide to restructuring and insolvency law in Bermuda. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-May-201641Restructuring and insolvency in Cyprus: overviewA Q&A guide to restructuring and insolvency law in Cyprus. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-May-201642Restructuring and insolvency in France: overviewA Q&A guide to restructuring and insolvency law in France. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-May-201643Restructuring and insolvency in Gibraltar: overviewA Q&A guide to restructuring and insolvency law in Gibraltar. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-May-201644Restructuring and insolvency in Jersey: overviewA Q&A guide to restructuring and insolvency law in Jersey. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-May-201645Restructuring and insolvency in Mexico: overviewA Q&A guide to restructuring and insolvency law in Mexico. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Apr-201646Restructuring and insolvency in Indonesia: overviewA Q&A guide to restructuring and insolvency law in Indonesia. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Feb-201647Restructuring and insolvency in India: overviewA Q&A guide to restructuring and insolvency law in India.The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool.This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Jan-201648Restructuring and insolvency in Puerto Rico: overviewA Q&A guide to restructuring and insolvency law in Puerto Rico. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Jan-201649Restructuring and insolvency in South Africa: overviewA Q&A guide to restructuring and insolvency law in South Africa. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Jan-201650Restructuring and insolvency in Taiwan: overviewA Q&A guide to restructuring and insolvency law in Taiwan. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Dec-201551Restructuring and insolvency in the United States: overviewA Q&A guide to restructuring and insolvency law in the United States. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Nov-201552Restructuring and insolvency in Canada: overviewA Q&A guide to restructuring and insolvency law in Canada. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-guide.Country Q&A01-Oct-201553Group insolvency, consolidation of debt and directors duties ...A Q&A guide to group insolvency and directors' duties in Gibraltar. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Sep-201554Restructuring and insolvency in Greece: overviewA Q&A guide to restructuring and insolvency law in Greece. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Sep-201555Restructuring and insolvency in Argentina: overviewA Q&A guide to restructuring and insolvency law in Argentina. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Aug-201556Restructuring and insolvency in Brazil: overviewA Q&A guide to restructuring and insolvency law in Brazil. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Aug-201557Restructuring and insolvency in Cayman Islands: overviewA Q&A guide to restructuring and insolvency law in the Cayman Islands. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-May-201558Group insolvency, consolidation of debt and directors' duties ...A Q&A guide to group insolvency and directors' duties in the Bahamas. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Apr-201559Group insolvency, consolidation of debt and directors' duties ...A Q&A guide to group insolvency and directors' duties in Indonesia. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Apr-201560Group insolvency, consolidation of debt and directors' duties ...A Q&A guide to group insolvency and directors' duties in Greece. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Mar-201561Group insolvency, consolidation of debt and directors' duties ...A Q&A guide to group insolvency and directors' duties in Israel. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Mar-201562Group insolvency, consolidation of debt and directors' duties ...A Q&A guide to group insolvency and directors' duties in Colombia. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Mar-201563Group insolvency, consolidation of debt and directors' duties ...A Q&A guide to group insolvency and directors' duties in Poland. The Q&A global guide provides an overview of insolvency from the perspective of companies that are operating within a domestic and/or international family of companies, and considers the various complexities that this can introduce into insolvency procedures. It also has a significant concentration on duties, liabilities, insurance, litigation, and subsequent restrictions imposed on directors and officers of an insolvent company. To compare answers across multiple jurisdictions, visit the International Insolvency: Group Insolvency and Directors’ Duties Country Q&A tool. This Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide.Country Q&A01-Mar-201564Restructuring and insolvency in Switzerland: overviewA Q&A guide to restructuring and insolvency law in Switzerland. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Feb-201565Restructuring and insolvency in Iceland: overviewA Q&A guide to restructuring and insolvency law in Iceland. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Dec-201466Restructuring and Insolvency in Thailand: overviewA Q&A guide to restructuring and insolvency law in Thailand. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Sep-201467Restructuring and insolvency in China: overviewA Q&A guide to restructuring and insolvency law in China. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Nov-201368Restructuring and insolvency in Poland: overviewA Q&A guide to restructuring and insolvency law in Poland. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Mar-201269Restructuring and insolvency in South Korea: overviewA Q&A guide to restructuring and insolvency law in South Korea. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform. To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Mar-201270Restructuring and insolvency in Sweden: overviewA Q&A guide to restructuring and insolvency law in Sweden. The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; To compare answers across multiple jurisdictions, visit the Restructuring and insolvency Country Q&A tool. This Q&A is part of the multi-jurisdictional guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit www.practicallaw.com/restructure-mjg.Country Q&A01-Mar-2012Other Resources1Creditor's administration application refused where debt ...In Fieldfisher LLP v Pennyfeathers Limited [2016] EWHC 566 (Ch), the High Court considered the effect of a mediation and arbitration clause on a creditor’s application for an administration order. The application was made by a firm of solicitors against their former client for fees which were claimed to be due to them under the terms of a conditional fee agreement following successful litigation.Legal Update: Case Report08-Sep-20162Tax Litigation: Country Q&A toolSearch the Country Q&A in the Tax Litigation Global Guide by question and jurisdiction. Step 1: Check the boxes to select the questions and the jurisdictions for comparison. Step 2: Click the "submit" button. Step 3: Scroll down to view answers and check law stated dates for each jurisdiction. 28-Feb-20163The duty of disclosure in recognition proceedings under the ...In Nordic Trustee ASA and another v OGX Petroleo e Gas SA (Em Recuperacao Judicial) and another [2016] EWHC 25 (Ch) the High Court considered the duty of disclosure to the court when applying for recognition of foreign main proceedings under the Cross-Border Insolvency Regulations 2006 (SI 2006/1030).Legal Update: Case Report19-Jan-20164Lifting a stay under the Cross-Border Insolvency Regulations ...In Seawolf Tankers Inc and another v Pan Ocean Co Ltd [2015] EWHC 1500 (Ch) the High Court considered whether it should lift a stay made under the Cross-Border Insolvency Regulations 2006 (SI 2006/1030). The court considered whether the test in lifting a stay should be the test that applies to the lifting of a stay in administration proceedings or the test that applies in lifting a stay in compulsory liquidation proceedings.Legal Update: Case Report16-Jun-20155Liquidators' book debt action stayed by valid arbitration clause ...In Philpott and another v Lycee Francais Charles De Gaulle School [2015] EWHC 1065 (Ch), the High Court considered the effect of an arbitration clause in a standard form building contract on the liquidators' power to seek directions from the court and pursue the debtor for an insolvency set-off balance.Legal Update: Case Report23-Apr-20156Court considers application for stay under section 9 English ... In In the matter of Fenox (UK) Limited sub nom J & W Sanderson Limited v (1) Fenox (UK) Limited (2) Fenox Automotive Limited (3) Vitali Arbuzov (4) Ihar Putitski (5) Uladzimir Khrystsich [2014] EWHC 4322(Ch), the court considered whether to stay court proceedings in favour of arbitration either under section 9 of the English Arbitration Act 1996 or its inherent jurisdiction. Legal Update: Case Report07-Jan-20157Court will stay or dismiss winding up petition where petition ...In Salford Estates (No.2) Ltd v Altomart Ltd [2014] EWCA 1575 Civ, the Court of Appeal considered whether the mandatory stay imposed by section 9 of the Arbitration Act 1996 applies to a winding up petition presented on the grounds of the company being unable to pay its debts.Legal Update: Case Report10-Dec-20148Impact of arbitration agreement on application for injunction ...In Rusant Ltd v Traxys Far East Ltd [2013] EWHC 4083, the Companies Court considered an application for an injunction to prevent the presentation of a winding-up petition based on a statutory demand where the debt was disputed. The judgment considers the approach that should be taken where the parties have entered into an arbitration agreement.Legal Update: Case Report14-Jan-20149Section 2(a)(iii) ISDA Master Agreement: Court of Appeal ...In Lomas and others v JFB Firth Rixson Inc and others [2012] EWCA Civ 419, the Court of Appeal considered the appeals arising from four High Court rulings on the effect of section 2(a)(iii) of the ISDA Master Agreement. Edmund Parker of Mayer Brown International LLP and James Warbey of Milbank, Tweed, Hadley & McCloy LLP have commented on the decision for PLC Finance. Note: Permission to appeal to the Supreme Court was refused on 6 December 2012 (15 November 2012 in relation to Britannia Bulk plc v Pioneer Navigation Ltd and others). If you do not yet subscribe to PLC, you can request a free trial by completing this form or contacting the PLC Helpline.Legal Update: Case Report16-Apr-201210Section 2(a)(iii) of ISDA Master Agreement considered again ...In Lehman Brothers Special Financing Inc v Carlton Communications Ltd [2011] EWHC 718 (Ch), the High Court has considered whether section 2(a)(iii) of the ISDA Master Agreement offends the anti-deprivation principle or the doctrine of penalty, and whether certain terms should be implied into the ISDA Master Agreement. NOTE: this case was upheld by the Court of Appeal on 3 April 2012, see Legal update, Section 2(a)(iii) ISDA Master Agreement: Court of Appeal judgment on four appeals.Legal Update: Case Report07-Apr-201111Competing jurisdictions under cross-border insolvency ...In Cosco Bulk Carrier Co Ltd v Armada Shipping SA and another [2011] EWHC 216 (Ch) (11 February 2011), the High Court considered whether arbitration proceedings should be stayed under the Cross-Border Insolvency Regulations 2006 (SI 2006/1030) and whether Swiss main insolvency proceedings constituted the appropriate venue for deciding the underlying dispute.Legal Update: Case Report16-Feb-201112High Court rules on effect of section 2(a)(iii) of ISDA Master ...In Lomas and others (together the Joint Administrators of Lehman Brothers International (Europe) (in administration)) v JFB Firth Rixson, Inc and others and ISDA as intervenor [2010] EWHC 3372 (Ch), the High Court considered the effect of section 2(a)(iii) of the ISDA Master Agreement on the obligations of parties to a swap agreement, following an event of default. NOTE: this case was upheld by the Court of Appeal on 3 April 2012, see Legal update, Section 2(a)(iii) ISDA Master Agreement: Court of Appeal judgment on four appeals.Legal Update: Case Report06-Jan-201113Cross-Border Insolvency Regulations: the High Court orders ...An update on In the matter of Bernard L Madoff Investment Securities LLC, between Picard v Fim Advisers LLP and others [2010] EWHC 1299 (Ch), in which the High Court considered the scope of its discretion under article 21(1)(d) of Schedule 1 to the Cross-Border Insolvency Regulations 2006 (SI 2006/1030).Legal Update: Case Report03-Jun-201014US decision in Perpetual case creates a cross-border conflictAn update on the decision of the US Bankruptcy Court for the Southern District of New York in Lehman Brothers Special Financing Inc. v. BNY Corporate Trustee Services Ltd., Case No. 08-13555 (Bankr. S.D.N.Y. January 25, 2010), in which the court declined to follow the decisions of the English courts in parallel proceedings.Legal Update: Case Report01-Feb-201015Court of Appeal determines effect of party's insolvency in one ...Ruth Byrne (Solicitor Advocate), Herbert Smith LLP In Syska (Elektrim SA) v Vivendi Universal SA and Ors [2009] EWCA Civ 677, the Court of Appeal considered the consequences of a foreign insolvency on a pending LCIA arbitration. Although the Court of Appeal reached the same conclusion as the judge below, it concluded that it was wrong to characterise the dispute in terms of a conflict between the provisions of Article 4 and Article 15 of Council Regulation (EC) No 1346/2000 on Insolvency Proceedings.Legal Update: Case Report12-Aug-200916Court of Appeal confirms the consequences of foreign ...An update on Syska (Elektrim SA) v Vivendi Universal SA & Ors [2009] EWCA Civ 677, in which the Court of Appeal considered the consequences of a foreign insolvency on a pending LCIA arbitration.Legal Update: Case Report14-Jul-200917Effect of foreign insolvency on pending arbitration in LondonAn update on Syska v Vivendi Universal SA [2008] EWHC 2155 (Comm), in which the court considered the effect of a Polish company's insolvency on pending LCIA arbitration proceedings to which that company was party. Note: This case has been appealed to the Court of Appeal and the appeal was dismissed, see Legal update, Court of Appeal confirms the consequences of foreign insolvency on pending LCIA arbitration.Legal Update: Case Report06-Oct-200818Insolvency and directors' duties: Country Q&A toolSearch the Country Q&A in the International Insolvency: Group Insolvency and Directors' Duties Global Guide by question and jurisdiction. Step 1: Check the boxes to select the questions and the jurisdictions for comparison. Step 2: Click the "submit" button. Step 3: Scroll down to view answers and check law stated dates for each jurisdiction. --19Restructuring and insolvency Country Q&A ToolSearch the Country Q&A in the Restructuring and Insolvency multi-jurisdictional guide by question and jurisdiction. Step 1: Check the boxes to select the questions and the jurisdictions for comparison. Step 2: Click the "submit" button. Step 3: Scroll down to view answers and check law stated dates for each jurisdiction. --
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