Introduction
In the recent case of Re Ashit Sud (Debtor)[2022] 2 HKLRD 898, the Court explained when a creditor would be considered acting unreasonable in rejecting a debtor’s settlement proposal. At the end of the hearing, the Court made a winding-up order against the Company in question and a bankruptcy order against the director of the Company, Mr Ashit Sud, who had provided guarantees.
Background
簡介
最近在Re Ashit Sud (Debtor)[2022] 2 HKLRD 898一案中，法院說明了債權人在甚麼情況下拒絕債務人的和解建議會被視為不合理。案件審結時，法院對涉案公司（「該公司」）發出清盤令，以及對提供擔保的公司董事Ashit Sud先生（「該董事」）發出破產令。
背景
简介
最近在Re Ashit Sud (Debtor)[2022] 2 HKLRD 898一案中，法院说明了债权人在甚么情况下拒绝债务人的和解建议会被视为不合理。案件审结时，法院对涉案公司（「该公司」）发出清盘令，以及对提供担保的公司董事Ashit Sud先生（「该董事」）发出破产令。
背景
On 22 July 2022 and after the judge ordered a delay for more evidence, the English court sanctioned the restructuring plan proposed by Houst Limited (Houst). Houst is an SME that is concerned with the provision of property management services for short-term/holiday lets. Its business was badly affected by the Covid-19 pandemic, meaning it was both cash flow and balance sheet insolvent when proposing the plan.
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Reestructuraciones de empresas en crisis Novedades en la Ley Concursal espaola
20 de julio 2022
La Ley de reforma del texto refundido de la Ley Concursal que traspone la Directiva 2019/1023 sobre reestructuraciones e insolvencia (la Ley) ha sido remitida al Congreso para su aprobacin definitiva, tras lo cual, una vez publicada en el BOE entrar en vigor a los veinte das (salvo alguna excepcin).
La Ley acomete una reforma estructural en el mbito preconcursal y concursal con numerosas novedades y con los siguientes objetivos:
- The Law for the amendment of the Spanish Insolvency Law that transposes Directive 2019/1023 (Directive on restructuring and insolvency) (the Law) has been sent to the Spanish Congress for its final approval after which it will be published in the Spanish Official Gazette, and twenty days thereafter the Law will enter into force, excluding some articles.
The Law sets out structural reforms in pre-insolvency and insolvency regulations to achieve the following goals:
In a consultation commenced on 7 July 2022, the UK Insolvency Service is proposing to implement two “model laws” adopted by the United Nations Commission on International Trade Law (UNCITRAL).
Japan Inc has embarked upon the overdue process of unbundling its conglomerate structures. Businesses that are being put up for sale include distressed oversees operations, particularly in the automotive sector. Managing the businesses while they are in distress, preparing them for sale, and eventually selling them, comes with a variety of legal and practical complications. The legal landscape will vary by jurisdiction, but the following aspects generally need to be considered in some shape or form regardless of the applicable law.
Introduction
简介
最近在Re Hong Kong Bai Yuan International Business Co., Ltd [2022] HKCFI 960一案中，原讼法庭（「法院」）命令被告人（「该公司」）向呈请人（「呈请人」）偿还一项受仲裁协议涵盖的债务，否则将被颁令清盘。法院澄清，虽然法院在行使酌情权时会给予仲裁协议相当大的比重，但不一定将事情转交仲裁处理。
背景
呈请人于2021年6月10日提出呈请（「该呈请」），要求法院对该公司发出清盘令，理由是该公司未能遵守关于一项955,000欧元债务（「该债务」）的法定要求偿债书，因此根据香港法例第32章《公司（清盘及杂项条文）条例》（「该条例」）第178条被视为无力偿债。