The Judicial Committee of the Privy Council has decisively redrawn the boundaries between arbitration agreements and insolvency proceedings in the case of Sian Participation Corp (In Liquidation) v Halimeda International Ltd.[1]
United Kingdom, Arbitration & ADR, Insolvency & Restructuring, Litigation, McDermott Will & Emery, Liquidation, Insolvency
The Internal Revenue Service’s recently issued general legal advice memorandum (GLAM) should provide beneficial results to certain taxpayers that use a check-the-box election to convert an insolvent foreign corporation into a partnership.
Overview
USA, Insolvency & Restructuring, Tax, McDermott Will & Emery, Shareholder, Audit, Debt, Liability (financial accounting), Liquidation, Internal Revenue Service (USA)