In FCA v Carillion [2021] EWCH 2871 (Ch), the High Court has confirmed that Financial Conduct Authority (FCA) enforcement action against Carillion Plc (in Liquidation) (Carillion) pursuant to certain provisions of the Financial Services and Markets Act 2000 (FSMA) does not constitute an “action or proceeding” and therefore falls outside of the scope of the statutory stay imposed by section 130(2) of the Insolvency Act 1986 (the Act).
Section 130(2) of the Act
The High Court, in its recent judgment In the matter of ipagoo LLP (in administration) [2021] EWHC 2163 (Ch) (Ipagoo), has determined that no statutory trust exists over safeguarded funds held under the Electronic Money Regulations 2011 (EMRs). This can be contrasted with the decision In Re Supercapital [2020] EWHC 1685 (Ch) (Supercapital) which found that the Payment Services Regulations 2017 (PSRs) create a statutory trust over safeguarded funds.
Ⓒ Nishimura & Asahi 2021 - 1 - 執筆者： E-mail 杉山 泰成 E-mail 坂本 龍一 Ⅰ はじめに ファクタリングは売掛その他の金銭債権を利用した資金調達手段としてメジャーなものであり、昨年来の新型コロナウイルス感 染症の広がりの影響を受けてはおりますが、世界的にその市場規模は拡張を続けており、FCI(Factors Chain International)によれ ば、アジア地域の市場規模は約 6400 億ユーロであり、これは世界市場の約 25%を占めます。アジア地域の中でも、中国の規模は 約 4330 億ユーロと圧倒的ですが、それを除けば、日本が約 500 億ユーロなのに対して、面積としては遙かに小さい香港が日本 に匹敵する約 450 億ユーロの市場規模を持つなど 1 、大変ファクタリングが盛んな地域であることが分かります。本ニューズレター では、このようなファクタリング市場としての香港の重要性を踏まえ、香港においてファクタリングビジネスを行われるに際して留意 すべき香港の債権流動化に係る法制度についてご紹介します。
In this week’s update: Funds in a holding company’s bank account belonged to a subsidiary and could be used to pay the costs of a subsidiary’s acquisition, the FCA publishes a series of Q&A on the cessation of LIBOR and the Government publishes a roadmap towards greening finance and sustainable investing.
Exploring the bounds of concreteness and traceability following the Supreme Court’s landmark decision in TransUnion LLC v. Ramirez, the Sixth Circuit in Krueger v. Experian, et al. recently reversed a grant of summary judgment in favor of a lender in a Fair Credit Reporting Act (FCRA) case, finding that the plaintiff had a sufficiently concrete injury to support Article III standing.
Tax reform 2021, land market opening, CFC rules, new requirements on disclosure of ultimate beneficial owners as well as companies’ corporate structure and a lot more – the novelties of the first half of 2021 raised lots of questions, as they relate to all those living, working and carrying out entrepreneurial activity in Ukraine.
GOLAW Team has prepared a new issue of the «Analyses and Forecasts of the legislative changes».
Contents:
ПІДСУМКИ ТА ПРОГНОЗИ ЗАКОНОДАВЧИХ ЗМІН Перше півріччя 2021 Відкриття ринку землі в Україні: Що потрібно знати? Відповідальність за неподання декларації та приховування статків: Що нового передбачає закон? Відповідальність платників податків: Що змінилося у 2021 році? Контрольовані іноземні компанії: Поточний стан і погляд в майбутнє Кінцеві бенефіціари і корпоративна структура компанії: Нові вимоги до розкриття Нові правила оподаткування непрямого продажу нерухомості 2 6 11 Податкова амністія для приватних осіб: 14 Можливість чи зачіпка для переслідування?
As we move closer to a global recession caused by the current pandemic, some companies will find themselves in the unfortunate position of having to seek bankruptcy relief. This may have some important and often overlooked privacy implications. There is no question that in this day and age, one of a business’ most valuable assets is the personal information that it has collected from its customers and/or end-users – often more so than any of its tangible assets.
This week’s TGIF considers a recent decision of the Supreme Court of New South Wales, Re Antqip Pty Ltd (in liq) [2021] NSWSC 1122, concerning whether section 588FL of the Corporations Act2001 (Cth) applied to vest a security interest in the company that was granted after the ‘critical time’.
Key Takeaways