Introduction
简介
最近在Re Hong Kong Bai Yuan International Business Co., Ltd [2022] HKCFI 960一案中,原讼法庭(「法院」)命令被告人(「该公司」)向呈请人(「呈请人」)偿还一项受仲裁协议涵盖的债务,否则将被颁令清盘。法院澄清,虽然法院在行使酌情权时会给予仲裁协议相当大的比重,但不一定将事情转交仲裁处理。
背景
呈请人于2021年6月10日提出呈请(「该呈请」),要求法院对该公司发出清盘令,理由是该公司未能遵守关于一项955,000欧元债务(「该债务」)的法定要求偿债书,因此根据香港法例第32章《公司(清盘及杂项条文)条例》(「该条例」)第178条被视为无力偿债。
In a recent judgment1, the Singapore High Court allowed the liquidator of insolvent Castlewood Group to enter into a litigation funding arrang
Overview and Why This Case Matters
The Bankruptcy Protector
This term, Supreme Court Justice Elena Kagan has authored a pair of opinions related to arbitration. The first of these decisions, Badgerow v. Walters, 20-1143, 142 S. Ct. 1310 (2022) came down on March 31, 2022, where Justice Kagan, writing for the 8/1 majority, held that a court must have an independent basis of federal jurisdiction to undertake a petition to confirm or vacate an arbitration award.
本文拟以某案例为切入点,揭示及探讨政府和社会资本合作(Public-Private Partnership,下称PPP)项目中社会资本方因项目合同主体问题而面临的潜在风险及可能的风险防范措施。
1. 案例情况简述
项目投资人A公司(外国公司)与B政府签订某项目投资框架协议,约定由A公司设立项目公司C以负责建设、运营某污水处理厂特许经营项目,并在对项目建设时间、技术要求、费用确认机制等关键条件做出约定的同时,明确“详细条款在正式合同中约定”。
随后,B政府作为甲方与A公司作为乙方签订PPP项目合同,约定项目按照合同要求建设并投入运营后,由B政府承担向乙方支付污水处理费的义务(最终用户向B政府付费),并且“当项目公司成立后,乙方在本协议项下的所有权利和义务自动转让给项目公司”。
根据前述协议,A公司设立由其100%控股的项目公司C,由C公司承继PPP项目合同中与建设、运营项目相关的所有权利义务。C公司主要通过向当地银行贷款的方式进行项目融资,以完成项目建设并将污水处理厂投入运营。
INTRODUCTION
India has been grappling with an increase in non-performing assets (NPA) and defaults of loans since at least the 1990s. As per recent reports, gross NPAs of public sector banks have doubled in the last 7 (seven) years, 1 which is indicative of the issues being faced by lenders against recalcitrant borrowers.
The rising strength of the United Arab Emirates as a commercial powerhouse has continued as the Covid-19 pandemic recedes. The UAE was a key business hub prior to 2020, but the flow of money and talent into the country has increased since then, driven by numerous factors including the UAE’s business-friendly climate, its stable political regime, and the access to fair and transparent justice mechanisms.
How are private practice mediators compensated in a bankruptcy case—procedurally?
We have a new court order providing guidance on how such procedures can work.
The new guidance is from Sears Holding Corp. v. Lampert (In re Sears Holdings Corp.), Adv. Pro. No. 19-08250, SDNY Bankruptcy Court.
Mediation Order
Between the lines... For Private Circulation-Educational & Information purpose only Vaish Associates Advocates… Distinct. By Experience. I. NCLT: Corporate debtor cannot be sent into liquidation just because liquidation value is more than the value of the resolution plan. The National Company Law Tribunal, Kolkata (“NCLT”) has in its order dated April 6, 2022, in the matter of CFM Asset Reconstruction Private Limited v. S. S. Natural Resources Private Limited and Another [IA No. 538/KB/2021 in CP (IB) No.