Die strategische Planung der Maßnahmen ist zentral für das Gelingen arbeitsrechtlicher Umstrukturierungen. Die wichtigsten To-dos erfahren Sie im heutigen Beitrag.

How does an arbitration clause, or an exclusive jurisdiction clause in favour of foreign courts, affect insolvency proceedings?

The effect of an arbitration clause, or an exclusive jurisdiction clause in favour of foreign courts, on insolvency proceedings has been a topic of longstanding debate in the Courts of Hong Kong, England and other common law jurisdictions.

Nachfolgend wird die Einordnung der Umsatzsteuer in der Insolvenz als Masse- oder Insolvenzforderung und die Auswirkung auf die Gläubigerbefriedigung erläutert.

Auch unter betriebswirtschaftlichen Aspekten stellen arbeitsrechtliche Umstrukturierungen eine Herausforderung dar. Wie CMS Advisory Sie dabei unterstützen kann, erfahren Sie im heutigen Beitrag.

Court awards first security for costs order in respect of a challenge to a restructuring plan.

Key takeaways

The High Court has for the first time awarded security for costs in respect of a challenge to a proposed English restructuring plan.¹

Although an insolvency case, the judgment of His Honour Judge Paul Matthews, sitting as a High Court Judge, in Broom v Aguilar [2024] EWHC 1764 (Ch) deals with a service issue of more general importance.

The judgment of Nicholas Thompsell, sitting as a Deputy High Court Judge, in Hellard & Ors v OJSC Rossiysky Kredit Bank & Ors [2024] EWHC 1783 (Ch) deals with three questions raised by an application of the trustees in bankruptcy of Anatoly Leonidovich Motylev for directions under s 303(2) Insolvency Act 1986:

(1) Should the trustees treat certain Russian bank creditors as being caught by the sanctions imposed under the Russia (Sanctions) (EU Exit) Regulations 2019?

Unsere Blog-Serie führt durch die verschiedenen Phasen einer Umstrukturierung und beantwortet damit verbundene Fragen – auch abseits juristischer Themen.

In December 2012, Halimeda International Ltd lent $140m to Sian Participation Corp. The loan agreement provided that any claim, dispute or difference of whatever nature arising under, out of or in connection with the loan should be referred to arbitration. In September 2020, in proceedings akin to a winding up petition, Halimeda applied to have liquidators appointed over Sian under the BVI Insolvency Act 2003. Wallbank J held that Sian had failed to show that the debt was disputed on genuine and substantial grounds and ordered that the company be put into liquidation.

Restructuring Plans: should an opposing creditor be granted security for costs? Might that open the floodgates where companies are by definition “distressed,” or was this particular Plan more akin to ordinary adversarial litigation? Read our summary below.