This page was updated on 8 January 2021.
On December 27, 2020, the Consolidated Appropriation Act ("CAA") was signed into law. The nearly 5,600-page bill is reportedly the longest bill ever passed by Congress. In addition to funding the federal government in 2021 and providing COVID-related relief to individuals and businesses, the new law amends the Bankruptcy Code in at least nine respects. Most of the amendments sunset in either one or two years. One of the amendments will become effective only if the Small Business Administration signs off on it.
A brief description of the amendments follows.
In a recent decision, Twiford Enters. v. Rolling Hills Bank & Trust (In re Twiford Enters.), 2020 Bankr. LEXIS 2964, 2020 WL 6075691 (10th Cir. BAP 2020), the Tenth Circuit Bankruptcy Appellate Panel affirmed the lower court’s decision awarding postpetition interest pursuant to section 506(b). The disputed issue was whether a reference in the variable rate promissory notes to an internal rate index maintained by the bank was sufficiently clear and specific to support a claim for postpetition interest. The court held that it was.
第１ はじめに
弊事務所の「危機管理・コンプライアンスセミナー」にて「事 業会社における取引先債権保全・回収の実務の基礎」の テーマで報告をしました。
（https://www.ohebashi.com/jp/seminar/year/2020/20201 210seminar.php【申込受付は12/10より】）
以下では、その概要を紹介させていただきます。
第２ 想定する場面
本報告では、（1）取引先がまだ事業を継続していて債務整 理・倒産手続を開始しておらず、また、（2）商品の品質等の 取引内容に不満はないにもかかわらず、（3）資金繰りが厳し い等の理由で、（4）商品の代金を支払ってもらえない（あるい は支払ってもらえない可能性がある）場面を想定しています。
第３ 取引先が倒産したら何が起こるのか
В России на протяжении довольно долгого времени действуют нормы, позволяющие кредиторам в случае банкротства компании привлечь к ответственности ее бывших собственников и руководителей (так называемая субсидиарная ответственность при банкротстве). При этом размер ответственности определяется исходя из размера недополученных кредиторами по итогам банкротства средств.
Questions & Answers
The views expressed herein are those of the author and not necessarily the views of FTI Consulting, Inc, its management, its subsidiaries, its affiliates, or its other professionals.
Fulvio Italiani and Carlos Omaña, D'Empaire
This is an extract from the 2021 edition of GRR's The Americas Restructuring Review. The whole publication is available here.
In summary
Italy has fully integrated the European Account Preservation Order into its procedures alongside existing protective tools available to creditors, who can now also request that their debtors' bank accounts in the European Union be frozen directly by the account bank.
On October 18, 2020 Italy adapted its civil procedure rules to incorporate the European Account Preservation Order ("EAPO") (introduced by EU Regulation 655/2014, in force since January 2017 ("the Regulation")) as an additional protective measure in favor of creditors.
We are delighted to share with you our Financial Institutions Horizons 2021, which provides a snapshot of key legal topics and market trends across the globe, shaping the future of the financial institutions market.
In Russia, there have long been rules that allow creditors to hold a company’s former owners and executives liable in the event of insolvency (referred to as subsidiary liability in insolvency). In this case, the amount that the individuals are liable for is based on the funds that remain outstanding to the creditors following the insolvency.