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 U.S. Court of Appeals for the Seventh Circuit recently upheld a trial court’s rejection of a borrower’s allegations that a mortgagee and its servicer violated the federal Fair Credit Reporting Act and the federal Fair Debt Collection Practices Act by allegedly inaccurately reporting her loan as delinquent following the borrower’s successful completion of her bankruptcy plan, allegedly rejecting her subsequent monthly payments, and filing a foreclosure action based on the supposed post-bankruptcy defaults.
The U.S. Court of Appeals for the Eleventh Circuit recently held that the anti-modification provision in the federal Bankruptcy Code applies to loans secured by mixed-use real properties, such as the large parcel at issue here which functioned both for commercial use and as the debtor’s principal residence.
A copy of the opinion in Lee v. U.S. Bank National Association is available at: Link to Opinion.