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Recent Insolvency Case Update

These case summaries first appeared in LexisNexis’ Insolvency Case Alerter. They represent some of the more interesting insolvency decisions to have been published recently.

This summary covers:

1.Re PGH Investments Ltd [2021] EWHC 533 (Ch)

2.Re Mederco (Cardiff) Ltd [2021] EWHC 386 (Ch)

3.Lyle v Bedborough [2021] EWHC 220 (Ch)

4.Re TXU Ltd, Insolvency and Companies Court, 2 March 2021

5.Re Port Finance Investment Ltd [2021] EWHC 378 (Ch)

United Kingdom, Insolvency & Restructuring, Litigation, Gatehouse Chambers, Coronavirus, European Commission, Barclays, HSBC
The Reef of Hanjin’s Woe: Will Chapter 15 Unlash Hanjin’s Sailors from the Mast?

On September 9, 2016, Hanjin Shipping Co. won a ruling protecting its assets in the U.S. against creditors, while the shipping line proceeds with its reorganization in South Korea. Hanjin filed for relief under Chapter 15 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (U.S. Bankruptcy Court Judge John K. Sherwood in Newark, N.J.).

South Korea, USA, New Jersey, Company & Commercial, Insolvency & Restructuring, Litigation, Shipping & Transport, Bryan Cave Leighton Paisner (Bryan Cave), United States bankruptcy court
The Little Airline That Couldn’t

Remember Sabena, the ill-fated Belgian airline that declared bankruptcy in 2001? Well, to quote Ford Madox Ford, this is the saddest story I have ever heard.

USA, Aviation, Banking, Insolvency & Restructuring, Trade & Customs, White Collar Crime, Bryan Cave Leighton Paisner (Bryan Cave), Bankruptcy, Beneficiary, Office of Foreign Assets Control (USA), Deutsche Bank, Uniform Commercial Code (USA)