On June 22, 2020, the Federal Energy Regulatory Commission ("FERC") issued an order concluding that FERC and the U.S. bankruptcy courts have concurrent jurisdiction to review and address the disposition of natural gas transportation agreements that a debtor seeks to reject under section 365(a) of the Bankruptcy Code (11 U.S.C. §§ 101 et seq.).
本文主要讨论公司型基金、合伙型基金自行清算的主要流程,并就基金自行清算出现僵局等情形时,如何申请法院启动基金强制清算程序的主要问题作初步探讨。
基金清算适用的法律
对于公司型基金的清算,其主要适用《公司法》以及《最高人民法院关于适用<中华人民共和国公司法>若干问题的规定(二)》(下称“《公司法司法解释二》”)《关于审理公司强制清算案件工作座谈会纪要》(下称“《强制清算纪要》”)以及部分高院出台的相关审判指导。
对于合伙型基金的清算,除适用《合伙企业法》外,可参照公司法律的有关规定。对此,《民法总则》第一百零八条规定,“非法人组织除适用本章规定外,参照适用本编第三章第一节的有关规定”;第三编第一节对法人清算作出了相关规定,其中第七十一条规定,“法人的清算程序和清算组职权,依照有关法律的规定;没有规定的,参照适用公司法律的有关规定”。例如,北京一中院在(2020)京01清申27号《民事裁定书》中基于上述规定,认定合伙型基金的清算应当参照《公司法》的相关规定进行。
除前述规定外,中国证监会、中基协的相关规定,以及其他行业自治组织的相关规定,亦可作为基金清算的依据。
Appointment of PROMESA Financial Oversight Board Was Constitutional
In In re Rogers Morris, 2020 WL 1321894 (Bankr. N.D. Miss. Mar. 16, 2020), the U.S. Bankruptcy Court for the Northern District of Mississippi contributed to an existing split among the courts by joining the majority view in holding that a creditor may exercise setoff rights after the confirmation of a plan in a bankruptcy case.
Valuation is a critical and indispensable part of the bankruptcy process. How collateral and other estate assets (and even creditor claims) are valued will determine a wide range of issues, from a secured creditor's right to adequate protection, postpetition interest, or relief from the automatic stay to a proposed chapter 11 plan's satisfaction of the "best interests" test or whether a "cram-down" plan can be confirmed despite the objections of dissenting creditors.
The ability of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to sell assets of the bankruptcy estate "free and clear" of "any interest" in the property asserted by a non-debtor is an important tool designed to maximize the value of the estate for the benefit of all stakeholders. The U.S. Bankruptcy Court for the Central District of California recently examined whether such interests include "successor liability" claims that might otherwise be asserted against the purchaser of a debtor's assets. In In re Catalina Sea Ranch, LLC, 2020 WL 1900308 (Bankr. C.D. Cal.
The U.S. Bankruptcy Court for the Eastern District of North Carolina recently added some weight to the majority rule on an issue that has long divided bankruptcy and appellate courts. In In re Southern Produce Distributors, Inc., 2020 WL 1228719 (Bankr. E.D.N.C. Mar.