On January 17, 2019, the United States Court of Appeals for the Fifth Circuit (the “FifthCircuit”) issued a decision in In re Ultra Petroleum Corp. that could have significant implications for creditors seeking payment of contractual make-whole amounts and post-petition interest from chapter 11 debtors.[1]
Clarification by the Court of Appeal (England and Wales) on Contracts
Case: Leibson Corporation and Others v TOC Investments Corporation and Others [2018] EWCA Civ 763 (17 April 2018).
BAG befragt EuGH zur Haftungseinschränkung des Erwerbers im Bereich der betrieblichen Altersversorgung bei einem Betriebsübergang aus der Insolvenz.
Summary
English law restructuring and insolvency tools are used to implement financial restructurings and the external administration of foreign companies. The attractiveness of the English tools and legal system is highlighted by the prevalence of companies incorporated abroad, especially companies incorporated in the EU, which avail themselves of those tools. English law in this area is impacted by much European law.
English Law Challenges to EU Bank Restructurings Firmly Closed off by U.K. Supreme Court
Summary – Decision of U.K. Supreme Court
On June 27, 2018, Judge Kevin Carey of the United States Bankruptcy Court for the District of Delaware ruled that a dismissal order in a bankruptcy case could provide for exculpation of the estate fiduciaries and their respective professionals. The ruling is a welcome result for all estate fiduciaries whose tireless efforts during a complex bankruptcy case fail to culminate in an approved plan of reorganization. Morrison & Foerster LLP represents the debtors in the matter.
Background
Die neue Reform des Insolvenzanfechtungsrecht durch den Gesetzgeber löst einige Rechtsfragen des BAG und BGH zugunsten von Arbeitnehmern.
Insolvenzgeld – ein wichtiges Instrument zur Sanierung von Unternehmen und Erhalt der Mitarbeitermotivation. Wie ist der rechtliche Rahmen?
Für die Einordnung des Nachteilsausgleichs als Masseverbindlichkeit oder als Insolvenzforderung ist der Zeitpunkt der Durchführung der Betriebsänderung entscheidend.