引言
香港法院最近在Re Ando Credit Ltd [2020] HKCFI 2775一案中,首次批准一家香港公司任命临时清盘人[1],并明确旨在允许该临时清盘人向中国内地法院寻求内地法律的承认和执行。
引言
香港法院最近在Re Ando Credit Ltd [2020] HKCFI 2775一案中,首次批准一家香港公司任命临时清盘人[1],并明确旨在允许该临时清盘人向中国内地法院寻求内地法律的承认和执行。
近年市场竞争及经营环境不确定性持续增加的情况下,不少企业有可能面临营运及财务困难,导致债务违约的情况有上升的趋势。如果债务人资不抵债,债权人有权利用破产清盘的程序接管债务人的资产并尽量实现回收最大化。根据香港破产管理署公布的统计数字,在2019年1月至10月期间,强制公司清盘案及破产案呈请的数字达到7,062宗。我们藉此介绍近期香港法院就破产清盘颁发的两个重要判决。
1. 仲裁协议的存在是否会影响破产清盘程序的开展?
香港上诉法院近期在But Ka Chon v Interactive Brokers LLC [2019] HKCA 873一案中,考虑了债权相关的合同中约定有仲裁条款管辖的情况下,债权人利用法院破产清盘程序的权利会否受限。由于很多的商业协议均载有仲裁条款,法院的判决对债权人的权利及可采取的救济手段有重要意义。
在该案中,上诉人(证券公司客户,即债务人)与被上诉人(证券公司,即债权人)签订的客户协议约定双方之间的争议以仲裁解决。由于上诉人没有偿还保证金账户的欠款,债权人在香港法院申请上诉人破产。上诉人以双方已经约定仲裁为其中一个理由,请求上诉法院撤销债权人发出的法定偿债书。
The new EU Directive on preventive restructuring frameworks1 was published in the Official Journal of the European Union on 26 June 2019 and entered into force on 16 July 2019. The objective of the Directive is to harmonize the laws and procedures of EU member states concerning preventive restructurings, insolvency and the discharge of debt.
- Introduction
On 9 May 2019 the Airline Insolvency Review (the AIR), chaired by Peter Bucks, published its Final Report on passenger protections in the context of airline insolvencies, having been commissioned by the Chancellor of the Exchequer in November 2017 following the high-profile collapse of Monarch Airlines.
It is well established that the type of recognition granted by the recognising court under the UNCITRAL Model Law will depend on whether the originating proceedings are ‘foreign main’ or ‘foreign non-main’ proceedings, which in turn hinges on the centre of main interests (COMI) of the insolvent entity.
The Recast Insolvency Regulation (Regulation 2015/848) (“Recast Regulation”) will apply to all member states of the EU (with the exception of Denmark) in relation to insolvency proceedings opened on or after 26 June 2017. The Recast Regulation takes a similar approach to that of the prior EU Insolvency Regulation (Regulation 1346/2000), which came into force in 2002. The Recast Regulation seeks to create a uniform code for insolvency jurisdiction, and cross-border recognition (within the acceding Member States).
In a judgment that will undoubtedly impact what has become fairly common practice when filing notices of intention to appoint an administrator (“NOITA”), the Court of Appeal has held in JCAM Commercial Real Estate Property XV Ltd v Davis Haulage Ltd[1] that a company seeking to give notice of intention to appoint under paragraph 26 of Schedule B1 to the Insolvency Act 1986 (the “Act”), and to file a copy o
The Insolvency Rules 2016 (the 2016 Rules) have effect from 6 April 2016. A key change introduced by the 2016 Rules is a new approach to decision making, including a deemed consent procedure. The new approach is designed to ease the administrative and cost burden in insolvency proceedings, and is summarised below.
Deemed consent
Case law on wrongful trading has developed significantly over the past two years, with the cases of Ralls Buildersand Brooksincreasing judicial consideration of the conduct of directors in the period preceding an insolvency.