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In the Representation of Matthew David Smith and Ors. [2021] JRC 047 the Royal Court of Jersey has handed down an important decision, exercising its discretion to grant a moratorium in substantially the same terms as provided under the UK Insolvency Act 1986.

知的財産法:改正個人情報保護法に関する動き 競争法/独禁法①:公取委、フランチャイズ・ガイドライン改正案の公表 競争法/独禁法②:ドイツ競争法の重要な改正 エネルギー・インフラ:発電側基本料金制度に関する続報 労働法:「男性の育児休業取得促進策等について」の建議について 会社法:会社法施行規則及び会社計算規則の一部改正-定時株主総会におけるウェブ開示によるみなし提供制度の対象範囲の拡大特例- 危機管理:日本監査役協会が「企業集団における不祥事防止を切り口とした監査体制強化の在り方」を公表 一般民事・債権管理:「事業者を支える融資・再生実務のあり方に関する研究会」による論点整理の公表(新たな担保権「事業成長担保権(仮称)」の提言) M&A:中小企業庁、産業競争力強化法等の一部を改正する等の法律案の概要を公表 ファイナンス・ディスクロージャー:経済産業省「事業報告等と有価証券報告書の一体的開示FAQ(制度編)」 税務:国税庁、「在宅勤務に係る費用負担等に関するFAQ(源泉所得税関係)」を公表 中国・アジア(中国):「外国の法律及び措置の不当な域外適用の阻止に関する規則」の公布 新興国(UAE):オンショアの外資規制緩和を含む会社法の改正 国際訴訟・仲裁:ICC、SIAC等の近時の動向

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In this article, consultant John Greenfield, partner David Jones and associate Steven Balmer, examine innovative mechanisms by which creditors may seek to investigate secure assets held in Guernsey structures. In the second part of the article, the authors look particularly at companies and how the traditional insolvency regimes may be employed in aid of creditors but also at how the use of share security may unlock certain doors.

Recognition of UK insolvencies in Europe after Brexit[1] is navigating uncertain waters. Following the completion of Brexit, the UK has left parts of the EU's private international law realm, including the application of Regulation (EC) 1346/2000 on Insolvency proceedings (the EU Insolvency Regulation). Therefore, since January this year, any reciprocal statutory cooperation in insolvency law matters between the UK and the EU has ceased.

This legal guide summarises the scope of directors’ duties when a British Virgin Islands company encounters financial difficulties.

Introduction

This legal guide should be read in conjunction with the legal guide entitled “Duties of a director under British Virgin Islands Law” which describes in further detail the duties which British Virgin Islands law imposes on a director generally.

While it had been clear for most of the recent economic downturn that the 24% of Hong Kong Stock Exchange (HKSE) listed companies incorporated in Bermuda may have recourse to the court in their place of incorporation to secure an adjournment or stay of an actual or anticipated winding up petition in Hong Kong, it is now equally clear that Cayman incorporated companies (which represent another 50% of the HKSE) will have similar access to restructuring assistance.

This briefing note provides an overview of some of the commercial reasons for and the technical legal requirements of a company wishing to acquire its own shares (also referred to as “share buy-backs”).

Statutory demands are often conflated with other debt recovery mechanisms available to creditors. Whilst a statutory demand may, in certain circumstances, be a useful tool in the debt recovery kit, its primary function is to establish whether a company can pay its debts as they fall due i.e. whether it satisfies the “cash flow test”.

In Guernsey, a company must pass both the cash flow and balance sheet solvency tests to meet the definition of solvency.

テーマ: 【タイ】仲裁手続に関するクラス・アクション制度の創設 【インドネシア】Eコマース事業に関する新たな商業大臣規制の制定 【ミャンマー】 (1): モン州における新経済特区の開発計画の公表 (2): 最近の商業省の動き 【マレーシア】COVID-19影響軽減のための暫定措置法案提出 【シンガポール】倒産・リストラクチャリング・解散法の施行 【フィリピン】遠隔地からの株主総会及び取締役会への出席

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