As discussed in previousposts, the Consolidated Appropriations Act of 2021 (the “Act”) was signed into law on December 27, 2020, largely to address the harsh economic impact of the COVID-19 pandemic.
With courts and government agencies around the world enacting emergency measures in response to the Covid-19 pandemic – ranging from complete shutdowns to delays and limitations – advancing the ball in dispute resolution is more challenging than ever. Because fraud investigations and complex asset recovery matters are typically managed by litigation counsel and often follow litigated claims, clients have a tendency to see the effort through a litigation lens.
破产重整,实践中也称之为司法重组、法庭内重组、破产保护,是在人民法院主导下进行的企业重组活动,是《企业破产法》规定的三种程序之一。与破产清算程序不同,破产重整程序旨在帮助限于困境的企业脱离困境、实现重生。自《企业破产法》于2007年6月1日实施以来,沪深两市已有49家上市公司实施了破产重整,其中47家已完成重整。此外,部分从沪深两家交易所退市的公司也实施了破产重整。从实践来看,破产重整的上市公司或者退市公司多数具有债务负担沉重、持续经营能力较弱、盈利能力较差的特点。从结果来看,破产重整程序确实起到了拯救困难企业的积极作用。长航凤凰(SZ,000520)、长航油运5(400061)是近年来通过破产重整程序实现企业脱困复兴的典型案例。
In a recent decision by the United States Bankruptcy Court for the Southern District of New York, Weisfelner, v. Fund 1, et al. (In re Lyondell Chem. Co.), 2014 Bankr. LEXIS 159 (Bankr. S.D.N.Y.