Contents
- Commencing proceedings
- Avoidance actions
- Claims against directors, officers and shareholders
- Creditor actions and strategic considerations
- Pre-insolvency debtor claims
- Other claims
- Cross-border proceedings
- Remedies and enforcement
- Settlement and mediation
- Update and trends
01 — Commencing proceedings
Litigation climate
Welcome to the October 2022 edition of the HFW Commodities bulletin.
In this extended edition, a number of our partners from across the globe have taken time to reflect on the profound impact of the Russian invasion of Ukraine on the commodities sector. It includes contributions from our offices in Australia, Geneva, London and Singapore, with articles on energy and food security, sanctions, insolvency, regulation, the energy transition and force majeure.
On the back page, you will find details of the latest news and where you can meet the team next.
In the years since its independence, Ukraine's public and private sectors have faced one crisis after another. Notwithstanding different factors causing distress and incomparable peculiarities of each, restructuring has always remained one of the key mechanisms to make it through these difficult periods and get back on track. This includes the current crisis due to Russia’s invasion of Ukraine. Even in the present unprecedent environment, inaction is not a solution.
What do Ukraine, Sri Lanka, and Ghana have in common? They’ve all guaranteed bonds that once traded at a sizeable discount to their sovereign counterparts.
On July 4-5, GOLAW Senior Partner Sergiy Oberkovych participated in an international conference in Lugano, Switzerland dedicated to the reconstruction of Ukraine, which is suffering from Russian military aggression.
Старт и функционирование
В настоящее время какие-либо законодательные изменения оснований для открытия производства по делам о банкротстве отсутствуют. Банкротство в условиях первых трех месяцев войны не претерпело изменений, статистика дел о банкротстве сейчас, в карантин, на протяжении АТО недостаточно репрезентативна и прозрачна, а интересной и важной судебной практики недостаточно. Поэтому в этом материале сфокусируемся на идеях, которые следует учитывать при смене правил.
Старт і функціонування
Наразі будь-які законодавчі зміни підстав відкриття провадження у справах про банкрутство відсутні. Банкрутство в умовах перших трьох місяців війни не зазнало змін, статистика справ про банкрутство зараз, в карантин, під час АТО недостатньо репрезентативна та прозора, а цікавої та важливої судової практики недостатньо. Тому в цьому матеріалі сфокусуємося на ідеях, які варто враховувати під час зміни правил.
Military aggression of the russian federation against Ukraine has significantly influenced operation of various businesses in Ukraine. Some of them are put on hold because of danger for employees and disruption of supply chains; some factories are physically damaged and cannot continue their production in full or in part. As a result, a lot of Ukrainian enterprises may fail to fulfill their contractual obligations, including repayment of debts to national and foreign financial institutions.
GENERAL
Legislation
1. What main legislation is applicable to insolvencies and reorganisations?
Содержание