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A new tool in the Goodbox?
2023-01-26

The end of 2022 and the start of 2023 has seen a steady uptick in restructuring activity, not only for companies with complex capital structures but also small-to-medium sized enterprises seeking to take advantage of powerful restructuring tools (such as the UK’s Part 26A Restructuring Plan or Super Scheme).

The case of Goodbox Co Labs Limited (in administration) (Goodbox) is the first example of an individual creditor unilaterally seeking to access the Super Scheme.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, DLA Piper, Fintech, Articles of association, Financial Conduct Authority (UK)
Authors:
David Manson , Philip Povey
Location:
United Kingdom
Firm:
DLA Piper
View Original Article
Indonesia: New Criminal Code - fraudulent acts against creditors chapter
2023-01-30

In brief

The New Criminal Code became the first piece of legislation passed into Law in 2023 and was promulgated on 2 January as Law No. 1 of 2023.

Filed under:
Indonesia, Insolvency & Restructuring, Litigation, White Collar Crime, Baker McKenzie, Articles of association, Anti-money laundering, Anti-bribery and corruption
Authors:
Andi Y. Kadir
Location:
Indonesia
Firm:
Baker McKenzie
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article
Liquidation of Limited Liability Companies (LLC) in UAE
2017-04-30

Introduction:

Filed under:
United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Legal personality, Shareholder, Limited liability company, Liability (financial accounting), Liquidation, Articles of association, Liquidator (law)
Location:
United Arab Emirates
View Original Article
English Court recognises sole director's decision-making powers
2022-10-11

The High Court has recently held that the appointment of administrators by a sole director of a company with unamended Model Articles was valid.  

Background 

The document allegedly appointing the administrators of the company was a standard set of board minutes, reportedly chaired by a man and recording that a quorum was present. In fact, there was no meeting, and the decision was taken alone by the sole female director. 

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing, Articles of association, Insolvency
Authors:
Emilie Kennedy
Location:
United Kingdom
Firm:
Taylor Wessing
View Original Article

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