The Pre-Action Protocol for Debt Claims comes into force on 1 October 2017. This note deals with the key elements to be aware of.
Applicability
While the Protocol is named the Pre-Action Protocol for Debt Claims the first thing to note is that it only applies to businesses claiming payment of debts from an individual (including individual sole traders) and does not apply to business-to-business debts.
1. El problema y la propuesta
New Federal Law No. 266-FZ dated 29 July 2017 (the Amendment Law) introduces notable changes to Russia’s insolvency rules. Importantly, the law does away with the original provisions on vicarious liability of controlling persons in RF Law No. 127-FZ on Insolvency of 26 October 2002 (the Insolvency Law). The Amendment Law expands this concept in a series of new clauses. The rules came into force 30 July 2017.
No passado dia 1 de julho de 2017 entrou em vigor o Decreto-lei 79/2017 de 30 de junho de 2017 (“DL 79/2017”), que altera, entre outros, o Código da Insolvência e da Recuperação de Empresas, alterando, nomeadamente, o regime jurídico do Procedimento Especial de Revitalização (“PER”) que fica agora reservado a empresas.
Destacamos ainda outras alterações relevantes introduzidas pelo DL 79/2017:
On 1 July 2017, Decree-law 79/2017, of 30 June 2017 (“DL 79/2017”), entered into force. This piece of legislation amends, most notably, the Insolvency and Recovery of Companies Code and the legal framework of the Special Revitalization Procedure (“SRP”), which is now reserved only to companies.
Other noteworthy amendments introduced by DL 79/2017 are as follows:
This update deals with “onerous property” and the issues involved when a trustee in bankruptcy disclaims onerous land, including the potential impact on lenders.
Disclaimer of onerous land by a trustee in bankruptcy
At any time, the trustee of a bankrupt estate may disclaim land which is burdened with onerous covenants or is unsaleable or not readily saleable (s 133 of the Bankruptcy Act 1966 (Cth)).
La Dirección General de Tributos, en dos recientes consultas vinculantes, concreta el momento en el que los propietarios de acciones de una sociedad en concurso de acreedores pueden computar las pérdidas patrimoniales experimentadas con motivo de tal situación.
La Dirección General de Tributos, en la consulta vinculante V0624-17, de 9 de marzo del 2017, analiza cuándo y cómo puede computar una pérdida patrimonial el propietario de unas acciones de una sociedad suspendida de cotización y en fase de liquidación en un procedimiento concursal.
LBI EHF (in winding up) v. Raiffeisen Zentralbank Österreich AG and Raiffeisen Bank International AG [2017] EWHC 522 (Comm)
Article 92 of the Spanish Insolvency Act (SIA) sets forth that claims held by related parties shall qualify as subordinated in the event of insolvency of the debtor.
La operación sobre los activos de una empresa que se prepara con anterioridad a la declaración de quiebra para ser ejecutada inmediatamente después de que se declare la quiebra (pre-pack) puede plantear problemas laborales.