Se examina, en concreto, el supuesto de que se acuerde el régimen de suspensión de facultades y la administración concursal decide no hacer operativa en la primera instancia la sustitución prevista en la ley.

1. Los hechos analizados por la STS 570/2018, de 15 de octubre (RJ 2018/4613) y el problema planteado

Los hechos relevantes son los siguientes:

Moody's announced in October 2014 that the detainment of Agile Property Holdings' chairman, Chen Zhoulin by government authorities was credit negative, in Moody's view, "similar incidents would adversely affect developers' borrowing costs and/or their access to offshore funding". The events that have unfolded since show that Moody's were right on the money.

Introduction

Analysis GA&P | June 2015 1 1. Introduction With the same “aim of improving the efficiency and effectiveness of insolvency proceedings having cross-border effects” (recital 8 of Council Regulation (EC) No 1346/2000 of 29 May 2000 on insolvency proceedings [Regulation 2000]), the current Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (the Regulation) seeks to “improve the application of certain of its provisions” (recital 1).

Gaining access to development land in the PRC has often been linked to government connections and dubious business practices. However, a number of investigations into the allegedly corrupt activities of high-level real estate executives in China have recently taken place.

With APCOA Parking, the English High Court sets out the latest line of authority in the increasing use of schemes of arrangement by foreign companies.

This case, APCOA Parking (UK) Limited & Ors [2014] EWHC 997 (Ch), presents two novel aspects: