This week’s TGIF considers a recent decision of the High Court of Australia, in which a 4:3 majority held that a former trustee is not owed any fiduciary obligation by a successor trustee.
Key takeaways
Seit 25 Jahren bietet die InsO verschiedene Werkzeuge, um Gläubiger bestmöglich befriedigen und gleichzeitig Unternehmen nachhaltig sanieren zu können.
In Davis-Jacenko v Roxy’s Bootcamp Pty Limited [2024] NSWSC 702, McGrath J delivered an extempore decision, appointing provisional liquidators in respect of Roxy’s Bootcamp Pty Limited (theCompany). His Honour stated that it was “a paradigm case” for the court to intervene to preserve the status quo.
Key Takeaways
Das StaRUG gibt Unternehmen die Möglichkeit, sich frühzeitig, im Rahmen eines geordneten Verfahrens und außerhalb eines Insolvenzverfahrens, zu sanieren.
Die Restrukturierung nach dem StaRUG kann unter den richtigen Voraussetzungen für Unternehmen eine sinnvolle Alternative zur außergerichtlichen Sanierung bzw. zum Insolvenzverfahren sein.
This article continues our Law-Now series "Harmonisation of Insolvency Laws in the EU" in which we provide an overview of the articles addressing insolvency avoidance actions of the draft EU directive.
As explained in the first part of the series, the differing national insolvency regulations of the 27 EU member states creates risks for investors, who will have to consider their investments in light of possible business failures and the resulting exposure to monetary losses.
Die Immobilienbranche steht aktuell vor großen Herausforderungen: Explodierende Baustoffpreise, hohe Inflation, etc. vergrößern die wirtschaftlichen Risiken.
Die Immobilienbranche gilt als eine der akuten Krisenbranchen in Deutschland. Die Corona-Pandemie, der Ukraine-Krieg, die Inflation und die Zinswende haben zu einem Einbruch der Bauaufträge, der Flächennachfrage und der Immobilienpreise geführt. Die Baukosten sind enorm gestiegen, während die Investoren* zurückhaltender geworden sind.
Immobilienkrise in Zahlen
When do amounts owed to a company constitute ‘circulating assets’ and how should they be distributed? This crucial question has not always been answered predictably in recent cases. The Court of Appeal’s decision in Resilient Investment Group Pty Ltd v Barnet and Hodgkinson as liquidators of Spitfire Corporation Limited (in liq) [2023] NSWCA 118 has provided a framework for navigating the relevant principles in the context of a priority dispute over R&D tax refunds.
Key takeaways
The EU Commission has presented a draft directive on the mandatory inclusion of a "pre-pack proceeding" in national insolvency laws.
On 7 December 2022, the European Commission published a draft directive harmonising certain aspects of insolvency law with the aim of facilitating distressed M&A by reducing legal uncertainties in cross-border transactions.
The lack of harmonised insolvency laws has long been regarded as one of the greatest obstacles to the free movement of capital in the EU in general and to cross-border investments, insolvency proceedings and restructuring in particular.