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The evolution of fraudulent conveyance – Indcondo v. Sloan

On July 31, 2014, the Honourable Mr. Justice Penny of the Ontario Superior Court of Justice ruled in favour of the plaintiff in Indcondo Building Corporation v. Sloan (S.C.J.).

Canada, Ontario, Insolvency & Restructuring, Litigation, Baker McKenzie
A new tool in distressed public company M&A

Summary

Australia, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, Herbert Smith Freehills LLP, Share (finance), Public company
Vanquishing the veto vote in a scheme of arrangement

Summary

Australia, Insolvency & Restructuring, Herbert Smith Freehills LLP, Lehman Brothers
Schemes of arrangement – releases can be part of the bargain

Summary

Australia, Insolvency & Restructuring, Insurance, Litigation, Herbert Smith Freehills LLP, Class action, Investment management, Lehman Brothers
Significant developments in schemes

There have recently been a number of significant developments in relation to schemes of arrangement. These include:

  • the Federal Court refusing to make orders convening a meeting of CSR’s shareholders to vote on a demerger proposal by way of scheme, on public policy and commercial morality grounds relating to CSR’s potential asbestos liabilities
  • the Government’s corporate law advisory body recommending significant reforms to the scheme regime, and
  • developments regarding ‘hostile schemes’.

Each of these developments is discussed below.

Australia, Insolvency & Restructuring, Herbert Smith Freehills LLP, Shareholder, Renewable energy, Interest, Liability (financial accounting), Due diligence, Voting, Federal Court of Australia