Court determines that public policy supports application of United States Bankruptcy Code to U.S. assets even if it conflicts with the law of the country in which the foreign main proceeding is pending

In re: Qimonda AG, No. 09-14766-SM, Bankr. E.D. Va. (Oct. 28, 2011) [click for opinion]

Filed under:
USA, Virginia, Insolvency & Restructuring, Litigation, Patents, Baker McKenzie, Debtor, US Code, Title 11 of the US Code, United States bankruptcy court
Location:
USA
Firm:
Baker McKenzie
Vietnam issues approved Restructuring Plan for the Insurance Business Market until 2020, oriented towards 2025

The Prime Minister of Vietnam recently issued Decision No. 242, approving Vietnam's Restructuring Plan of the insurance business market until 2020, oriented towards 2025 (Plan) following the final proposal of the Ministry of Finance (MOF)'s Insurance Supervisory Authority of Vietnam.1

Filed under:
Vietnam, Insolvency & Restructuring, Insurance, Baker McKenzie
Location:
Vietnam
Firm:
Baker McKenzie
SBV Circular on conditions of debt restructuring

On 18 March 2014, the State Bank of Vietnam (SBV) issued Circular No. 09/2014/TT-NHNN (Circular 09) to amend and supplement a number of articles in Circular No. 02/2013/TT-NHNN regulating the classification of debt, the establishment and levels of risk reserves, and the use of reserves for dealing with risks during the operation of credit institutions and foreign bank branches.

Filed under:
Vietnam, Banking, Insolvency & Restructuring, Baker McKenzie, Debtor, Debt, Debt restructuring
Authors:
Frederick (Fred) R. Burke , Oanh H. K. Nguyen
Location:
Vietnam
Firm:
Baker McKenzie