2020 ha sido un año atípico. La alerta sanitaria mundial provocada por la expansión del COVID-19 y la consecuente declaración del estado de alarma en España en marzo de 2020 llevaron a una vorágine legislativa sin precedentes. En este contexto, las empresas se encuentran inmersas en un escenario incierto en el que la toma de decisiones juega un papel clave para la viabilidad futura del negocio.
A recent ruling from the United States District Court for the Southern District of New York sent shock waves through the legal and financial community, with some shouting that this “could be a gamestopper for the private equity business.”1 Although the ruling in In re Nine West LBO Securities Litigation2 breaks new ground and arguably narrows the protections available to directors under the normally-broad business judgment rule, there are clear lessons others can take from this saga to prevent a similar fate.
Executive Summary
A recent decision from the United States Bankruptcy Court for the Northern District of Texas, In re Care Ctrs., LLC, No. 18-33967, 2020 Bankr. LEXIS 3205 (Bankr. N.D. Tex. Nov. 12, 2020), examined (1) the scope of bankruptcy court subject-matter jurisdiction for post-confirmation actions filed in state court and removed to bankruptcy court; and (2) when the court must or should abstain and remand a proceeding back to the court where the action was originally brought.
OVERVIEW
On 9 December 2020, the UK government gave businesses muchneeded breathing space with an extension of insolvency measures.
La prolongada duración de los efectos de la pandemia COVID-19 sobre el tejido económico empresarial ha impulsado al Gobierno a extender en el tiempo algunas de las medidas en el ámbito de la Administración de Justicia que se habían adoptado en el marco del Real Decreto-Ley 16/2020, de 28 de abril, posteriormente confirmadas en la Ley 3/2020, de 18 de septiembre.
La Ley Concursal española prevé distintos tipos de marcos legales de reestructuración o insolvencia. El primero de ellos es el concurso de acreedores, que es un procedimiento sometido a una supervisión
The Spanish Insolvency Law sets out various types of restructuring or insolvency legal frameworks. The first is the “concurso de acreedores” or insolvency proceeding, which is a proceeding that is
The Spanish Insolvency Law sets out various types of restructuring or insolvency legal frameworks. The first is the “concurso de acreedores” or insolvency proceeding, which is a proceeding that is
The Insolvency and Companies Court in London handed down judgment on Monday, 19 October 2020 rejecting a shareholder challenge to the 2017 restructuring of Paragon Offshore plc (in liquidation) (the "Company").
The judgment gives helpful guidance on the approach taken by insolvency courts to reviewing, rescinding or varying their orders under rule 12.59 of The Insolvency (England and Wales) Rules 2016.