In accordance with EU legislation, Member States have the power to limit the obligation of public guarantee institutions to pay employees’ claims in the event of their employer’s insolvency. The Court of Justice found to be compliant a national provision (Bulgarian law) that confines the protection given by said guarantee institutions to those employment relationships that have not ended within the three months prior to the opening of insolvency proceedings.
Bankruptcy remote structures have become common in recent years to attempt to prevent a borrower from filing for Chapter 11. One such structure is commonly referred to as a “golden share.” The “golden share” typically refers to a noneconomic membership interest provided to a lender whose vote would be necessary for the borrower to file Chapter 11.
The Fifth Circuit in InreFranchiseServs.ofN.Am.,Inc., 891 F.3d 198, 209
Open Roads Films, LLC, along with five of its subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12012). The Debtors, based in Los Angeles, California, collectively comprise an independent distributor and licensor of motion pictures.
Todos los supuestos de extinción en que ésta es adoptada por voluntad del trabajador, pero derivada de una decisión unilateral de la empresa, han de tener el mismo tratamiento por parte de los Estados miembros. Así lo señala el Tribunal de de Justicia en un reciente pronunciamiento en el que resuelve una cuestión cuya trascendencia práctica desborda el supuesto planteado específicamente.
Reiterando y desarrollando la argumentación contenida en la STS de 15 de marzo de 2017 [RJ 2017/1370], el Tribunal Supremo ha vuelto a pronunciarse sobre qué debe entenderse por grupo de sociedades a los efectos de la Ley Concursal en su Sentencia de 11 de julio de 2018 [RJ 2018/2815].
Su doctrina gira, expuesta en términos resumidos, en torno a las siguientes ideas:
En un asunto en el que todavía resultaba de aplicación la normativa sobre quiebras del Código de Comercio (y, en concreto, el hoy derogado art. 878), se planteó el problema del alcance de la protección del artículo 34 Ley Hipotecaria con respecto del subadquirente de un derecho real de hipoteca.
Creditors often think that an involuntary bankruptcy petition is a great bargaining chip when faced with a recalcitrant debtor. However, the actual filing of an involuntary bankruptcy petition (when that petition is filed in “bad faith”) confers a considerable risk to the petitioning creditors. Recently, the United States Court of Appeals for the Third Circuit issued an opinion that re-emphasizes just how risky bad faith involuntary petitions can be for creditors.
Samuels Jewelers, Inc., a jewelry retailer headquartered in Austin, Texas, with over 100 stores in 22 states, has filed a petition for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 11818).
Noon Mediterranean, Inc. (f/k/a Verts Mediterranean Grill), has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-11814).
J&M Sales Inc., along with nine subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11801). The Debtors, based in Gardena, California, are a discount retailer of brand name apparel and household items, with 344 stores and over 9,800 employees nationwide.