Introduction

Introduction - はじめに

2016年破産倒産法は、清算時における債権者の債務弁済を実現する仕組みを提供します。また、有担保債権者は優先的な債権回収が可能です。しかしながら、State Tax Officer v. Rainbow Papers Ltd.（Rainbow Papers Judgement）において、これを覆す判決が下されました。2003 年の Gujarat Value Added Tax Act（GVAT法）に基づいて発生する税金の請求について、政府に有利に設定された「担保権」により、税務当局は法の下の「有担保債権者」である、と判示したのです。再建計画が政府への法定納付金を除外している場合、法規定に準拠しているとは言えず、政府に対する拘束力は持たない、としました。

当該最高裁判所の判決は、破産倒産法の下の法定公課決済の優先順位という側面において、大きな懸念を抱かせるものとなりました。今回の記事では、当該判決が、破産倒産法の本来の目的およびその他の各種判例とどのように対照的であるかについて考察し、解説しています。

Brief facts - 概要

Introduction

Domestic Procedures

Are you witnessing an increasing trend towards any particular types of dispute?

Introduction

The Insolvency and Bankruptcy Code, 2016 (Code) was enacted to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons.

Introduction

The Companies (Guernsey) Law, 2008 (“Companies Law”) provides for companies, protected cell companies (“PCCs”), incorporated cell companies (“ICCs”) and cells of PCCs and ICCs to be placed into administration and for an administrator to be appointed to manage that entity's affairs whilst the administration order remains in force.

In September 2012, Grant Thornton were appointed by the Royal Court of Guernsey as joint administrators of a Guernsey company called Montenegro investments limited (MIL) - a Guernsey property Investment Fund..  The joint administrators then appointed Ogier.

Current Status of MIL

This client briefing provides a general overview of schemes of arrangement for Guernsey companies under the Companies (Guernsey) Law, 2008 (the Companies Law).  A scheme of arrangement can involve almost any kind of corporate reorganisation, merger, acquisition or restructuring so long as the appropriate approvals and court sanction are obtained. In the context of restructurings, there is limited precedent in Guernsey, although such schemes of arrangement can be used to assist in insolvent/quasi-insolvent restructurings.