key takeaways
Aquapoint LP v Fan [2025] UKPC 56
Introduction
What section 380A means for administrators
We recently achieved a significant milestone by obtaining permission from the Royal Court of Guernsey for Joint Administrators to make a distribution to unsecured creditors during an administration. This marks the first order granted under section 380A of the Companies (Guernsey) Law, 2008.
This article first appeared in Volume 22, Issue 6 of International Corporate Rescue.
Synopsis
KEY TAKEAWAYS
key takeaways
KEY TAKEAWAYS
- The application process and evidence required by the JFSC for a migration
- Consideration of a migration application by the JFSC
- Effects of granting a certificate of continuance and a migration overseas
The object of this guide is to provide clients of Walkers with information on the process involving the migration of companies to and from Jersey.
Migration to Jersey
Key takeaways
The Bankruptcy Court for the Northern District of Illinois issued a noteworthy opinion for those whose work involves real estate mortgage conduit trusts (REMIC trusts) or utilization of the Bankruptcy Code’s “safe harbor” provisions. In In re MCK Millennium Ctr. Parking, LLC,1 Bankruptcy Judge Jacqueline P.
Bankruptcy Judge Christopher S. Sontchi recently ruled in the Energy Future Holdings case1 that the debtor will not be required to pay the $431 million “make whole” demanded by bondholders upon the debtor’s early payment of the bonds.2