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Ronit J Berkovich and Olga F Peshko, Weil, Gotshal & Manges LLP

This is an extract from the 2021 edition of GRR's The Americas Restructuring Review. The whole publication is available here.

In summary

This chapter describes the exceptionally high burden parties must overcome to prove that requested relief in a Chapter 15 case is manifestly contrary to US public policy.

Richard J Cooper, Lisa M Schweitzer, Kara A Hailey and John H Veraja, Cleary Gottlieb Steen & Hamilton LLP

This is an extract from the 2021 edition of GRR's The Americas Restructuring Review. The whole publication is available here.

In summary

Dans une décision récente, la Cour d’appel de l’Ontario (la « Cour d’appel ») a infirmé une décision de première instance, laquelle avait été source de préoccupation pour les propriétaires commerciaux qui ont comme pratique courante d’utiliser des lettres de crédit pour garantir les obligations prévues à leurs baux commerciaux.

In a recent decision, the Ontario Court of Appeal (Ontario Appeal Court) reversed a lower court decision, which had created much concern among commercial landlords that routinely rely on letters of credit (LCs) to secure their commercial leases. The lower court limited the draw on an LC to the landlord’s preferred claim under the Bankruptcy and Insolvency Act (BIA), namely three months’ arrears and three months’ accelerated rent.

The Ontario Superior Court of Justice (Canadian Court) recently recognized, for the first time, an English company voluntary arrangement (CVA) proceeding commenced pursuant to the UK Insolvency Act 1986 (Insolvency Act).

Natasha Harrison, Fiona Huntriss and Nick Turvey, Boies Schiller & Flexner

This is an extract from the second edition of GRR's The Art of the Ad Hoc. The whole publication is available here.

Overview

Tony Heaver-Wren and David Bulley, Appleby

This is an extract from the second edition of GRR's The Art of the Ad Hoc. The whole publication is available here.

Introduction

Vincent Vroom and Loek Kerstens, Loyens & Loeff

This is an extract from the second edition of GRR's The Art of the Ad Hoc. The whole publication is available here.

Introduction

Herbert Morgenstern Kugler, Thomaz Bastos, Waisberg, Kurzweil Advogados

This is an extract from the second edition of GRR's The Art of the Ad Hoc. The whole publication is available here.

The Brazilian Bankruptcy Code – Law 11,101/2005 – sets forth three main proceedings: an out-of-court restructuring, known as an extrajudicial restructuring (REJ); judicial restructuring (RJ); and bankruptcy or liquidation.

Timothy W Walsh and Natalie A Rowles, McDermott Will & Emery LLP

This is an extract from the second edition of GRR's The Art of the Ad Hoc. The whole publication is available here.

Introduction