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Shinichiro Abe, Kasumigaseki International Law Office (KILO)

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

In summary

Meiyen Tan, Keith Han, Angela Phoon and Zephan Chua, Oon & Bazul LLP

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

In summary

This chapter discusses certain recent developments and issues that have emerged in Singapore’s fast-developing debt restructuring regime.

Paul Apáthy and Angus Dick, Herbert Smith Freehills

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

In summary

Heidi Chui, Stevenson, Wong & Co

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

In summary

Chul Man Kim, Ki Young Kim, Sun Kyoung Kim, Su Yeon Lee, Jin Seok Choi and Sy Nae Kim, Yulchon LLC

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

In summary

Debby Sulaiman, Hiswara Bunjamin & Tandjung

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

In summary

Abhishek Tripathi and Mani Gupta, Sarthak Advocates & Solicitors

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

In summary

Nuo Ji, Lingqi Wang and Jessica Li, Fangda Partners

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

In summary

受疫情影响,英国越来越多的企业出现运营困难。虽然英国政府出台了多种补救措施,但仍会有很多企业将不可避免地面临破产。对因各种原因可能受到英国公司破产影响的中国公司或个人,本文将从英国破产法角度简要介绍英国公司破产程序、这些程序对于公司和普通债权人的保护,以及担任破产公司董事需要关注的问题。

一. 公司什么时候算破产?

英国的破产法规定主要来源于《1986年破产法》(Insolvency Act 1986)和《1986年破产规则》(Insolvency Rules 1986)。虽然《1986年破产法》没有给破产以明确的定义,但采用了"无力偿还债务"的概念。因此,在英国公司破产一般包含两种情况:一是公司没办法支付债务(现金流量破产 – Cash-flow insolvency),二是公司负债大于资产(资产负债表破产- Balance-sheet insolvency)。

现金流量破产一般表现为公司没办法支付其现有的债务。值得注意的是,即使公司可以支付现有债务,但如果没办法支付其在不远的未来产生的债务也将被视为破产。

Saam Golshani and Alexis Hojabr, White & Case LLP

This is an extract from the first edition of GRR's The Art of the Pre-Pack. The whole publication is available here.