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Restructuring Global Insight: Oil & gas bankruptcies | Berlin pushes VC reforms | UK oil price volatility | US healthcare is transforming | PRC real estate restructuring | & more (Attorney Advertising)

Welcome to issue 14 of Restructuring Global Insight, bringing you reports on breaking legal developments in restructuring law across borders and in jurisdictions around the world. This issue features: AMERICAS ■ Oil and gas bankruptcies will be c ...

Resource Article - abi_admin - 07/03/2015 - 09:43 - 0 comments - 0 attachments

Amendments to UK Insolvency Legislation

Important amendments and clarifications have been made to the Insolvency Act 1986 (the "Insolvency Act") pursuant to the Small Business, Enterprise and Employment Act 2015 ("SBEEA") and the Deregulation Act 2015, both of which recentl ...

Resource Article - abi_admin - 07/03/2015 - 09:37 - 0 comments - 0 attachments

Cross-Border: Can a Bankrupt's Pension be used to Pay Creditors? The Search for Clarity in New Zealand and the UK

How does the objective of achieving payment for creditors in insolvency interact with the objectives of pension legislation, which seeks to ensure that individuals are adequately provided for in retirement? The courts in New Zealand and in the UK have ea ...

Resource Article - abi_admin - 07/03/2015 - 09:32 - 0 comments - 0 attachments

India: New Debt Restructuring Opportunities in India?

It has long proved difficult to deal with financially distressed companies in India. One of the main reasons is the many tools available to the existing management of a company to prevent an external creditor from taking control over the company. On June ...

Resource Article - abi_admin - 07/03/2015 - 09:30 - 0 comments - 0 attachments

UK: A UK Perspective on Oil Price Volatility - Industry Impact and Legal Considerations

The dramatic decrease in the price of crude oil over the last eleven months has had ramifications across the globe. With prices currently languishing between US$60 and US$65 a barrel following the decision in November 2014 by the Organisation of Petroleu ...

Resource Article - abi_admin - 07/03/2015 - 09:21 - 0 comments - 0 attachments

UK: England's Changing Approach to Ipso Facto Clauses

English insolvency legislation, due to come into force on 1 October 2015, will have a significant effect on the rights of those who make essential supplies to insolvent businesses. Read more (United Kingdom) bankruptcy,insolvency,headli ...

Resource Article - abi_admin - 07/03/2015 - 09:20 - 0 comments - 0 attachments

France - Trends and Opportunities

There are numerous key players in the French market which have managed to overcome financial distress to a certain degree by implementing short term amendments and extensions to their debt but which are still in need of genuine, full-scale restructuring ...

Resource Article - abi_admin - 07/03/2015 - 09:11 - 0 comments - 0 attachments

Luxembourg: Out of the frying pan and into the fire?

This is no doubt about it, being a director in a company facing difficulties is a complex and dangerous task, but one notch higher in the danger stakes is being a director of several companies belonging to the same group facing difficulties. Director ...

Resource Article - abi_admin - 07/03/2015 - 09:07 - 0 comments - 1 attachment

Lottery and liability: Recent developments in Lithuanian bankruptcy law

Recently enacted changes to the Lithuanian Enterprise Bankruptcy Law (EBL) as well as a fresh initiative by the country’s Presidency to further amend the EBL merit a closer look. At the beginning of this year important changes came into effect signif ...

Resource Article - abi_admin - 07/03/2015 - 09:05 - 0 comments - 1 attachment

Insolvency law reform in Cyprus – the first steps

The Companies Law of Cyprus CAP113 (“Companies Law”) is based on the UK Companies Act of 1948 with the necessary amendments to incorporate the relevant EU Directives. The sections referring to restructuring and corporate insolvency, winding up volunt ...

Resource Article - abi_admin - 07/03/2015 - 08:59 - 0 comments - 1 attachment

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