簡介

最近在Re Carnival Group International Holdings Ltd [2022] HKCFI 2668一案中，本所代表呈請人成功申請將嘉年華國際控股有限公司（「該公司」）清盤。該公司是一家在香港聯合交易所（「聯交所」）上市的百慕達公司。在本案中，法院澄清及確認其將外國公司清盤的司法管轄權。此外，法院命令就訟費問題將該公司董事（「董事」）加入為被告人，因此日後假如公司在欠缺理據的情況下反對清盤呈請，董事或須就呈請人及支持清盤的債權人的訟費承擔個人責任。

背景

該公司在百慕達註冊成立，並根據香港前《公司條例》第XI部註冊為海外公司，其股份在聯交所上市，股份代號 996。該公司是一家投資控股公司，持有在香港、中國內地及英屬維爾京群島註冊成立的附屬公司（統稱「該集團」）。該集團主要在中國內地經營主題式休閒及消費業務。

Introduction

简介

最近在Re Carnival Group International Holdings Ltd [2022] HKCFI 2668一案中，本所代表呈请人成功申请将嘉年华国际控股有限公司（「该公司」）清盘。该公司是一家在香港联合交易所（「联交所」）上市的百慕达公司。在本案中，法院澄清及确认其将外国公司清盘的司法管辖权。此外，法院命令就讼费问题将该公司董事（「董事」）加入为被告人，因此日后假如公司在欠缺理据的情况下反对清盘呈请，董事或须就呈请人及支持清盘的债权人的讼费承担个人责任。

背景

该公司在百慕达注册成立，并根据香港前《公司条例》第XI部注册为海外公司，其股份在联交所上市，股份代号 996。该公司是一家投资控股公司，持有在香港、中国内地及英属维尔京群岛注册成立的附属公司（统称「该集团」）。该集团主要在中国内地经营主题式休闲及消费业务。

“[C]ourts may account for hypothetical preference actions within a hypothetical [C]hapter 7 liquidation” to hold a defendant bank (“Bank”) liable for a payment it received within 90 days of a debtor’s bankruptcy, held the U.S. Court of Appeals for the Ninth Circuit on March 7, 2017.In re Tenderloin Health, 2017 U.S. App. LEXIS 4008, *4 (9th Cir. March 7, 2017).

The Federal Rules of Bankruptcy Procedure (“Bankruptcy Rules”) require each corporate party in an adversary proceeding (i.e., a bankruptcy court suit) to file a statement identifying the holders of “10% or more” of the party’s equity interests. Fed. R. Bankr. P. 7007.1(a). Bankruptcy Judge Martin Glenn, relying on another local Bankruptcy Rule (Bankr. S.D.N.Y. R.

A Chapter 11 debtor “cannot nullify a preexisting obligation in a loan agreement to pay post-default interest solely by proposing a cure,” held a split panel of the U.S. Court of Appeals for the Ninth Circuit on Nov. 4, 2016. In re New Investments Inc., 2016 WL 6543520, *3 (9th Cir. Nov. 4, 2016) (2-1).

While a recent federal bankruptcy court ruling provides some clarity as to how midstream gathering agreements may be treated in Chapter 11 cases involving oil and gas exploration and production companies (“E&Ps”), there are still many questions that remain. This Alert analyzes and answers 10 important questions raised by the In re Sabine Oil & Gas Corporation decision of March 8, 2016.[1]

An asset purchaser’s payments into segregated accounts for the benefit of general unsecured creditors and professionals employed by the debtor (i.e., the seller) and its creditors’ committee, made in connection with the purchase of all of the debtor’s assets, are not property of the debtor’s estate or available for distribution to creditors according to the U.S. Court of Appeals for the Third Circuit — even when some of the segregated accounts were listed as consideration in the governing asset purchase agreement. ICL Holding Company, Inc., et al. v.

Bankruptcy courts may hear state law disputes “when the parties knowingly and voluntarily consent,” held the U.S. Supreme Court on May 26, 2015. Wellness Int’l Network Ltd. v. Sharif, 2015 WL 2456619, at *3 (May 26, 2015). That consent, moreover, need not be express, reasoned the Court. Id. at *9 (“Nothing in the Constitution requires that consent to adjudication by a bankruptcy court be express.”). Reversing the U.S.

Following the Dec. 8 publication by the American Bankruptcy Institute (“ABI”) Commission to Study the Reform of Chapter 11 of a report (the “Report”) recommending changes to Chapter 11 of the Bankruptcy Code (“Code”),[1] we continue to analyze the proposals contained in the ABI’s 400-page Report. One proposal we wanted to immediately highlight would, if adopted, significantly increase the risk profile for secured lenders.