Op grond van artikel 265, §2 van het Wetboek van Vennootschappen kunnen zaakvoerders van een failliete bvba persoonlijk en hoofdelijk aansprakelijk worden gesteld voor verschuldigde sociale bijdragen. Met zaakvoerders wordt bedoeld alle personen die werkelijke bestuursbevoegdheid hebben gehad in de vennootschap.

The United States District Court for the District of Delaware recently entered a Memorandum Opinion (the “District Court Opinion”) concerning the constitutional sufficiency of the publication of the bar date notice in the New Century bankruptcy as it applies to unknown creditors.1 The District Court vacated the Bankruptcy Court’s August 30, 2013,order (the “Constructive Notice Order”), which had approved the constitutional sufficiency of notice to unknown creditors by publication in The Wall Street Journal and the Orange County Register.

The United States Court of Appeals for the Eleventh Circuit (the “Eleventh Circuit”) has become the first circuit court to extend sections 1692e and 1692f of the Fair Debt Collection Practices Act (“FDCPA”) to proofs of claim filed in a bankruptcy case, ruling that a debt collector is prohibited from filing a proof of claim on debt that is barred by the applicable state statute of limitation. In Crawford v. LVNV Funding, LLC, et al.

On June 27, 2014, the Fourth Circuit issued its second opinion in the National Heritage Foundation, Inc.

The Eighth Circuit recently issued an opinion in the Interstate Bakeries Corporation bankruptcy case reversing its previous holding that a perpetual royalty-free trademark license constituted an executory contract that could be assumed or rejected in bankruptcy.¹ The Eighth Circuit, in a r

Ethias a bénéficié en 2009 d’une recapitalisation de 1,5 milliard EUR dans le contexte de la crise financière qui a engendré de graves problèmes de solvabilité et de liquidités pour ce groupe d’assurances belge. La recapitalisation a été effectuée par Vitrufin, un véhicule public d’investissements de l’Etat fédéral et des Régions flamande et wallonne.

Le droit de la faillite au Grand-Duché de Luxembourg est actuellement régi par les articles 437 et suivants du Code de Commerce et s’inspire en grande partie du droit et de la jurisprudence belges. La législation applicable en matière de faillite n’a cependant que très peu évolué depuis 1935. Le législateur luxembourgeois, au vu du nombre croissant de faillites prononcées ces dernières années, avait d’ores et déjà tenté de réformer ce droit par l’introduction d’un projet de loi en 2003, resté cependant lettre morte.

The Supreme Court has issued two opinions on the subject of bankruptcy court authority and jurisdiction in recent years. The first opinion, Stern v. Marshall, 564 U.S. _, 131 S.Ct. 2594 (2011) was a 5-4 split from 2011 that roiled the bankruptcy waters by raising many questions about the constitutionality of the jurisdiction and authority Congress has provided to bankruptcy courts. The more recent opinion— Executive Benefits Insurance Agency v. Bellingham, Chapter 7 Trustee of Estate of Bellingham Insurance Agency, Inc.,___ U.S. _, No.

The recent depression in the maritime shipping industry served as the catalyst for many shipping companies to restructure. During the past few years, a number of foreign-based shipping companies have sought protection from creditors in U.S. Bankruptcy Courts—with varying degrees of success.

On June 9, 2014, the United States Supreme Court addressed an issue left open in Stern v. Marshall.¹ Instead of bringing clarity to procedural confusion created by Stern, the Court’s opinion in Executive Benefits Insurance Agency v.