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Switzerland: one year after the revision of the Swiss Restructuring Law and potentially viable restructuring approaches from a corporate law perspective

Alexander Vogel and Marc Baumberger, MLL Legal

This is an extract from the 2024 edition of GRR's Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

Switzerland, Company & Commercial, Insolvency & Restructuring, Litigation, Global Restructuring Review
In a contest, costs are the deciding factor in appointment of liquidators

The New South Wales Supreme Court has recently delivered judgment in the case of

Australia, New South Wales, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth
Federal Court does away with formal proof of debt

The Federal Court in Morgan, in the matter of Traditional Values Management Limited (in liq)[2024] FCA 74, approved an abridged process that allowed the liquidator to admit debts of a group of unsecured creditors without requiring a formal proof of debt.

Key Takeaways

Australia, Capital Markets, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth, Liquidation
Court finds cross-collateral mortgage vulnerable to challenge by liquidator

The Federal Court has recently delivered judgment in the case of Cooper as Liquidator of Runtong Investment and Development Pty Ltd (In Liq)v CEG Direct Securities Pty Ltd [2024] FCA 6, a case where a liquidator was successful in having a mortgage declared as an unreasonable director-related transaction.

Key Takeaways

Australia, Banking, Insolvency & Restructuring, Litigation, Real Estate, Corrs Chambers Westgarth, Corporations Act 2001 (Australia)
Complex but critical: Administrators given time to decide on convoluted leasing arrangements

In Re Tucker, Quintis Leasing Pty Ltd [2023] FCA 1673, the administrators of a company successfully obtained orders from the Federal Court modifying the operation of section 443B of the Corporations Act 2001 (Cth).

Australia, Insolvency & Restructuring, Litigation, Real Estate, Corrs Chambers Westgarth, Due diligence, Financial Conduct Authority (UK), Corporations Act 2001 (Australia)
Implications of the Rule in Gibbs on the Effectiveness of Schemes of Arrangement to Compromise US Law-governed Debt

Gregg Galardi, Matthew Czyzyk, Natalie Blanc and Emily Ma, Ropes & Gray

This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

USA, Insolvency & Restructuring, Litigation, Global Restructuring Review, Debt, Scheme of arrangment, Gibbs
Recent Developments in DIP Financing for International and Domestic Debtors

Richard J Cooper, Lisa M Schweitzer and Richard C Minott, Cleary Gottlieb Steen & Hamilton

This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

USA, Insolvency & Restructuring, Litigation, Global Restructuring Review, Private equity
Dominican Republic: Law 141-15’s Challenges and Application

Fabio Guzmán-Saladín and Pamela Benzán Arbaje, Guzmán Ariza

This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

Dominican Republic, Compliance Management, Insolvency & Restructuring, Litigation, Global Restructuring Review
Bermuda: Insolvency in a Consistently Reliable Restructuring Jurisdiction

John Wasty, John Riihiluoma, Lalita Vaswani and James Batten, Appleby

This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

In summary

Bermuda, Company & Commercial, Insolvency & Restructuring, Litigation, Global Restructuring Review, Supply chain, Liquidation, Insolvency, Judicial Insolvency Network
Capital Solutions Financings: Yield Driving Structure

Ken Baird, Katharina Crinson, Guilhem Bremond, Michael Broeders, Charlotte Ausema, Jan-Philip Wilde, Ana López, Silvia Angós, Mark Liscio and Samantha Braunstein, Freshfields Bruckhaus Deringer

This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

USA, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Tax, Global Restructuring Review, Debt, Transfer pricing, Debtor in possession, Debt restructuring, Internal Revenue Service (USA)