Editor’s Note Here’s What’s Happening in Arbitration Victoria Prussen Spears The AAA Healthcare Payor Provider Arbitration Rules and Mediation Procedures Important Features and Updates Lisa M. Richman and Maria Cristina Rosales del Prado Five International Arbitration Trends and Topics Jeffrey A. Rosenthal, Ari D. MacKinnon, and Katie L. Gonzalez How to Avoid a Pyrrhic Victory in International Arbitration—Part I James P.
Key takeaways
1.All eyes on redemption right
Redemption rights have increasingly been under the spotlight in the past year, as more and more investors contemplate an exit from under-performing investments.
As the redemption of shares involves a return of capital, it is prohibited under Cayman Islands law except to the extent permitted by statute. Section 37 of the Cayman Islands’ Companies Act (the Act) provides:
Key takeaways
If the agreement between a creditor and debtor refers disputes to arbitration, what limits should be placed on the creditor to pursue winding-up proceedings based on an unpaid debt under that agreement? Should a court simply stay the winding-up proceedings to allow the debt to be disputed in arbitration?
I’m serving on a Drafting Committee of the Uniform Law Commission for a uniform law on assignment for benefit of creditors (“ABC”). A draft of such a uniform law is coming together, with lots of input from many people and organizations. And we are always looking for more input!
We recently blogged (here) about the Privy Council decision of Sian Participation Corporation (In Liquidation) v Halimeda InternationalLtd [2024] UKPC 16 (
What you need to know
The decision confirms that an arbitration agreement will be upheld in the face of insolvency proceedings only if it can be shown that the petition debt is genuinely disputed on substantial grounds.
Bygge- og anlægsbranchen har i de seneste år oplevet en kraftig stigning i antallet af konkurser og toppede foreløbigt i 2023 med hele 1.282 erklærede konkurser. Da konkurserne ofte er forbundet med store tab, hvis de indtræder under et igangværende byggeri, har tendensen i stigende grad aktualiseret en belysning af de muligheder, der er for at sikre sig imod sådanne tab.