为创新经济发展模式、扩大对外开放力度,国家设立大湾区并着力将其打造为充满活力的世界级城市群和内地与港澳深度合作示范区。从定位不难看出,实行充分的市场经济和法治经济,为全国经济发展提供新的引擎和全新的模式,无疑是粤港澳大湾区的重要使命。要完成这一神圣使命,离不开破产重整制度。通过破产重整,挽救那些一时陷入财务困境和经营困境的企业,从而为湾区经济健康发展保驾护航。SX公司通过破产重整涅槃重生,就是破产重整制度保驾护航的典型案例。
一、企业初探:破产重整的机遇与挑战
1、SX公司基本情况
SX公司成立于1981年,于1994年在深交所上市,总股本约35000万股,其中流通股18000万股,限售流通股17000万股。
SX公司控股或参股四家实业公司,分别为科技公司、实业公司、饲料公司和西部公司。
2、SX公司重整受理情况
因不能清偿到期债务,经债权人饲料公司申请,深圳市中级人民法院(下称深圳中院)于2009年11月10日裁定SX公司进入重整程序,并指定北京市金杜(深圳)律师事务所担任管理人。
At first blush, it may seem counterintuitive for financiers to compete to provide loans to debtor companies that have just filed for protection under an insolvency or restructuring procedure, but they have been proven to do so on a large scale in US Chapter 11 cases and for a variety of reasons, whether to protect an existing loan position or taking an opportunity to garner significant, safe returns as a new lender.
In In re KB Toys Inc.,1 the US Court of Appeals for the Third Circuit affirmed the holdings of the lower courts that claims subject to disallowance under Section 502(d) of the Bankruptcy Code are “similarly disallowable in the hands of the subsequent transferee.” According to the Third Circuit, when a creditor owes property to the estate, until that property is returned to the estate, that creditor’s claim, regardless of who holds it, is impaired, and the subsequent sale of that c
On April 16, 2013, in Morning Mist Holdings Ltd. v. Krys (In re Fairfield Sentry Ltd.),1 the US Court of Appeals for the Second Circuit issued an important decision informing fundamental concepts of cross-border insolvency law as implemented pursuant to Chapter 15 of the Bankruptcy Code.
Introduction
Introduction
Introduction
Introduction