Unless you’ve been living under a rock, you’ll know that commodity prices are in the doldrums and that the outlook in the near term is not particularly positive. How should Boards prepare? Combine that with current inflation, interest rate and other cost of living pressures that continue to dominate public discourse and you can understand why many Boards and executives in the resources sector are having some sleepless nights. FY24 is also on track to have more insolvencies than FY23. By December FY24 insolvency activity was up 33.79% on the same time in FY23.
此前我们在《从“License-in”转型“License-out”——你的“自主知识产权”成色几何?》中对企业在开展License-out过程中涉及的知识产权侵权问题进行了梳理,并提出了实操建议供企业参考。此外,在技术许可交易中,还有一个此前常被中国企业在技术交易中忽略的问题,即技术许可方破产对技术许可的影响。随着中国技术类企业正逐步从技术引进(“License-in”)转向技术输出(“License-out”),中国企业也时常碰到境外被许可方提出的“破产保护”诉求。我们将在本文中对该问题进行探讨,并对国外常见的应对方案“技术托管”进行较为详细的介绍。
一、许可方破产对技术许可合同的影响
维好协议还好吗? 前 言 维好协议(KEEPWELL DEED)通常由在中国 1 注册成立的 母 公司签 署,为其 境 外 子 公司的融 资 进 行增信(CREDIT ENHANCEMENT)(见图表),最初常见于债券市场,近年 来也经常出现在贷款交易中。 提供维好承诺的母公司承诺维持其境外债务人子公司的财 务健康,以增强债权人对债务人的信心。 维 好协议 通常包含的承诺有:要求 维 好提 供方维持境外 维好协议与保证的主要区别 维好协议和保证有以下的重要分别 : 1. 仅就本文而言,“中国”或“中国内地”指中华人民共和国,不包括香港及澳门特别行政区和台湾。“境内”及“境外”有相应的意思。 债务人的净资产为正值、为其提供偿还债务的流动资金、 以 及保 持其对该等境 外债务人的管控 权和所有权等。其 中一些承诺或受制于取得相关中国政府部门的审批将资 金 汇出境 外的前 提 条 件,并且 维 好提 供 方必须尽最 大努 力获 得该 等审 批。除 签 署维 好协议 外,维 好 提 供 方通常 还 会 签 署股 权 购买承 诺(EQUITY INTEREST PURCHASE UNDERTAKINGS),即维好提供方承诺购买其境外债务人 子公司持有的若干股权,以便将资金(即购买对价)汇出境外。
金杜合伙人苏萌律师应联合国国际贸易法委员会(UNCITRAL)邀请作为碳交易及金融领域专家,于2024年1月31日和2月1日参加在维也纳举行的联合国贸易法委员会(UNCITRAL)专家组与国际统一私法协会(UNIDROIT)工作组关于自愿碳信用(VCC)法律性质的联席会议[1]。在联席会议上,苏律师就工作报告内容参与讨论并发表观点,并就中国自愿碳市场发展状况对研究报告做出修订和补充。
Parties structuring certain financial transactions to comply with the Bankruptcy Code safe harbor provisions, including protections from the avoidance powers in Section 548 of the Bankruptcy Code,1 must be cognizant of recent case law prescribing the identity of counterparties within the ambit of the provisions.
What Happened
As 2024 gets underway, 2023 will be remembered as the year that King Charles III’s coronation captured our attention with its many (and occasionally bizarre) storied traditions and customs and, of course, for the passing of the Irish singer and poet Shane MacGowan.1 Turmoil in the European banking sector early in the year set the tone for a challenging year, while across the Atlantic, a number of regional US banks had their
On November 3, 2023, the Court in the Chapter 9 bankruptcy case of the City of Chester, Pennsylvania issued its ruling in an adversary proceeding challenging the perfection of the liens securing certain revenue bonds issued by the City.1 Confirming the municipal bond market’s longstanding understanding, the Court concluded that the liens on revenues were prope
Darty Holdings SAS v Carton-Kelly(as additional liquidator of CGL Realisations Limited) [2023] EWCA Civ 1135
Overview
On March 12, 2023 the New York State Department of Financial Services appointed the FDIC as receiver for Signature Bank. The FDIC created a bridge bank, Signature Bridge Bank (“Bridge Bank”), and transferred all deposits and substantially all of Signature Bank’s assets to the Bridge Bank. No consents or other restrictions on transferring rights and obligations of Signature Bank are applicable for the transfer to the Bridge Bank. The receivership is governed by the Federal Deposit Insurance Act (“FDIA”). Under the FDIA, the FDIC succeeds to the rights and powers of Signature Bank.