Op 3 september 2014 heeft de regering een wetsvoorstel (het ‘Wetsvoorstel”) ingediend waardoor een bestuursverbod kan worden opgelegd voor maximaal 5 jaar aan bij faillissement betrokken personen aan wie een verwijt kan worden gemaakt voor de oorzaak van dat faillissement.

Inleiding

Op dit moment bestaat er al een aantal civielrechtelijke instrumenten om fraude of wanbeleid bij rechtspersonen aan te pakken zoals:

Another bankruptcy court—this time in New York—has weighed in on the issue of whether “make whole” provisions are enforceable in bankruptcy. See In re MPM Silicones, LLC, et al. (a/k/a Momentive Performance Materials).

In een recente uitspraak heeft het Hof Den Bosch een nadere uitwerking gegeven van de werking van artikel 61 van de Faillissementswet (“Fw”), die van belang is voor ondernemers die gehuwd zijn na het maken van huwelijkse voorwaarden (Hof Den Bosch 12 augustus 2014, GHSHE:2014:2773).

Huwelijkse voorwaarden en faillissement

As the wave of litigation spawned by the 2008 financial crisis begins to ebb, insurance-coverage litigation arising out of the credit crisis continues unabated. Financial institutions have successfully pursued insurance coverage for many credit-crisis claims under directors and officers (D&O) and errors and omissions (E&O) policies that they purchased to protect themselves against wrongful-act claims brought by their customers, but in response, some insurers continue to raise inapplicable exclusions in an attempt to diminish or limit coverage for their policyholders.

The United States Bankruptcy Court for the Eastern District of Virginia (the “Court”) issued an opinion limiting the ability of a “loan to own” secured creditor to credit bid at an auction for the sale of substantially all of the debtors’ assets.¹ The Court focused on the fact that the creditor’s conduct interfered with the sale process and was motivated by its desire to “own the Debtors’ business” rather than to have its d

On March 7, 2014 the Spanish Government approved the Royal Decree Law 4/2014 adopting urgent measures on debt refinancing and restructuring ("Real Decreto-ley 4/2014, de 7 de marzo, por el que se adoptan medidas urgentes en material de refinanciación y reestructuración de deuda empresarial" or "RDL 4/2014").  

Act 22/2003, of July 9 ("Spain's Insolvency Act"), has been recently amended to include a new chapter regulating the so-called "insolvency mediators" and the extrajudicial settlement of payments ("ESP") as a form of negotiating the debts of the entrepreneurs.

The reform has been introduced by Act 14/2013, of September 27, on entrepreneurs and their internationalization (hereinafter, the "

Act

On March 7, 2014 the Spanish Government approved the Royal Decree Law 4/2014 adopting urgent measures on business debt refinancing and restructuring ("Real Decreto-ley 4/2014, de 7 de marzo, por el que se adoptan medidas urgentes en material de refinanciación y reestructuración de deuda empresarial" or "RDL 4/2014"). The aim of this new regulation is the implementation of legal measures necessary to achieve the viable restructuring of debtors.

On January 17, 2014, the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) entered an order in the Fisker Automotive (“Fisker”) chapter 11 bankruptcy cases limiting the ability of Fisker’s secured lender, Hybrid Tech Holdings, LLC (“Hybrid”), to credit bid at an auction for the sale of substantially all of Fisker’s assets.¹ Hybrid immediately sought an appeal of the Bankruptcy Court’s

Spanish Secondary Regulation develops the Spanish Mediation Law dated July 6th 2012 (hereinafter the "Regulation") published in the Official Gazette last December 27th 2013. 

Mediators' training