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    İcra ve İflas Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun
    2023-04-16

    Kamuoyunda 7. Yargı Paketi olarak anılan 7445 sayılı İcra ve İflas Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (“Kanun”), 5 Nisan 2023 tarihli ve 32154 sayılı Resmî Gazete’de yayımlanmış ve yürürlüğü sonraya bırakılan birtakım düzenlemeler dışında yürürlüğe girmiştir.

    İcra hukuku, ceza hukuku ve usul hukukuna yönelik çeşitli düzenlemelerin yer aldığı Kanun kapsamında, dava şartı arabuluculuğun kapsamının önemli ölçüde genişletildiği görülmektedir. Kanun kapsamında ön plana çıkan düzenlemelere aşağıda yer verilmektedir.

    Filed under:
    Turkey, Insolvency & Restructuring, Gün + Partners, Bankruptcy
    Authors:
    Asena Aytuğ Keser , Kardelen Özden
    Location:
    Turkey
    Firm:
    Gün + Partners
    Lexmark’s Shadow: The Future of the “Person Aggrieved” Test for Bankruptcy Appellate Standing
    2023-04-10

    In In re Schubert, the Sixth Circuit affirmed the bankruptcy court’s dismissal of an adversary proceeding because the appellants had failed the “person-aggrieved” test for bankruptcy appellate standing. Had they challenged this standard’s existence, two of the three judges likely would have “abrogate[d]” it; the third would have salvaged it. This decision’s dicta represents perhaps the first outright rejection of bankruptcy’s appellate standing touchstone based on the Supreme Court’s analysis in Lexmark International Inc. v. Static Control Components, Inc., 572 U.S.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Reed Smith LLP, Bankruptcy, Supreme Court of the United States
    Authors:
    Kurt F. Gwynne
    Location:
    USA
    Firm:
    Reed Smith LLP
    Late Appeals and Excusable Neglect: A Curious Case Where a Court Gives an Individual a Break
    2023-04-11

    Persuading a bankruptcy judge to find “excusable neglect” after missing a filing deadline is usually a tough sell. You’d think it would be particularly hard when the party seeking relief was “belligerent and disrespectful to the Court and opposing counsel.”

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP, Bankruptcy
    Authors:
    Daniel A. Lowenthal
    Location:
    USA
    Firm:
    Patterson Belknap Webb & Tyler LLP
    Kwartaalupdate Bestuurdersaansprakelijkheid Q1 2023
    2023-04-12

    Introductie

    In het eerste kwartaal van 2023 zijn op www.rechtspraak.nl verschillende uitspraken gepubliceerd waarin de ingestelde vordering gegrond was op bestuurdersaansprakelijkheid.

    In deze Kwartaalupdate Bestuurdersaansprakelijkheid voor Q1 2023 is een selectie gemaakt uit deze uitspraken. De navolgende onderwerpen komen aan bod:

    01. Feitelijk bestuurder wanneer is sprake van `terzijde stellen van het bestuur'? (Hoge Raad 24 maart 2023) 2

    02. Schending boekhoudplicht, niet slechts bij ontbreken van administratie (Gerechtshof 's-Hertogenbosch 10 januari 2023)5

    Filed under:
    Netherlands, Company & Commercial, Insolvency & Restructuring, Litigation, Ploum, Bankruptcy
    Location:
    Netherlands
    Firm:
    Ploum
    Innocent Business Partner’s Fraud Liability Survives Bankruptcy
    2023-04-12

    Sometimes a debtor is liable for fraud that she did not personally commit,” held the U.S. Supreme Court on Feb. 22, 2023, when the debtor’s business partner had deceptively obtained money by fraud, thereby making the innocent partner liable for a nondischargeable debt under Bankruptcy Code (Code) §523(a)(2)(A) (“any debt from money “obtained by … fraud” not dischargeable and survives debtor’s bankruptcy). Bartenwerfer v. Buckley, 2023 WL 2144417 (Feb. 22, 2023).

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, White Collar Crime, Schulte Roth & Zabel LLP, Bankruptcy, Fraud, Supreme Court of the United States
    Authors:
    Michael L. Cook
    Location:
    USA
    Firm:
    Schulte Roth & Zabel LLP
    Lightning Round: LTL Management Files “Chapter 22” Case Immediately Following Bankruptcy Court’s Dismissal of its Prior Bankruptcy
    2023-04-06

    Just hours after the United States Bankruptcy Court for the District of New Jersey entered an order dismissing the Chapter 11 Case of Johnson & Johnson subsidiary, LTL Management, as a bad faith filing, LTL filed for Chapter 11 protection again in the same Bankruptcy Court.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Bracewell LLP, Bankruptcy
    Authors:
    Jonathan Lozano , Mark E. Dendinger
    Location:
    USA
    Firm:
    Bracewell LLP
    Pre-Petition Waiver Of Right To File Bankruptcy—Is It Enforceable? (In re Roberson)
    2023-04-07

    Question: Can a creditor prevent its debtor from filing bankruptcy by pre-petition contract terms?

    Answer: No . . . according to In re Roberson Cartridge Co., LLC, Case No. 22-20192 in the Northern Texas Bankruptcy Court (03/07/2023, opinion at Doc. 77).

    Facts

    Filed under:
    USA, Nebraska, Texas, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Limited liability company
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    Crypto Contagion - Managing Risk on Multiple Fronts
    2023-04-04

    Crypto firm bankruptcies and resulting disruption in the crypto ecosystem will continue to exacerbate liquidity and regulatory concerns in this space. Signs of contagion are evident as prices of almost every cryptocurrency type have halved in recent months. Since all participants supporting the crypto ecosystem are at risk, managing that risk is critical.

    Fund managers should be prepared on multiple fronts, as the following examples illustrate:

    Filed under:
    USA, Capital Markets, Insolvency & Restructuring, IT & Data Protection, Proskauer Rose LLP, Bankruptcy, Venture capital, Cryptocurrency, Anti-money laundering, Non-fungible tokens, US Securities and Exchange Commission, Commodity Futures Trading Commission (USA)
    Authors:
    Margaret A Dale , Michael R Hackett , William C Komaroff , Timothy W Mungovan , Dorothy Murray , Joshua M Newville , Todd J. Ohlms , Robert Pommer , Seetha Ramachandran , Robert H. Sutton , John Verwey , Jonathan M. Weiss , Julia D. Alonzo , Julia M. Ansanelli , Charles Bishop , Massimo B. Capizzi , William D Dalsen , Adam L. Deming , Reut N. Samuels , MIchael Singh , Hena M. Vora
    Location:
    USA
    Firm:
    Proskauer Rose LLP
    Court of Appeal summaries (March 27, 2023 - March 31, 2023)
    2023-03-31

    Following are this week’s summaries of the civil decisions of Court of Appeal for Ontario for the week of March 27 to 31, 2023. There were only two substantive decisions. One was a commercial leasing matter, and the other was a receivership matter.

    Table of Contents

    Civil Decisions

    Jagtoo & Jagtoo, Professional Corporation v. Grandfield Homes Holdings Limited, 2023 ONCA 214

    Filed under:
    Canada, Ontario, Company & Commercial, Insolvency & Restructuring, Litigation, Real Estate, Blaney McMurtry LLP, Bankruptcy, Coronavirus, Bank of Nova Scotia
    Authors:
    John Polyzogopoulos
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    Píldoras Concursales Marzo
    2023-03-30

    Introducción

    En este mes comienzan a publicarse algunas resoluciones interesantes en aplicación de la Ley 16/2022 en relación a planes de restructuración y nombramientos de experto. En este campo preconcursal tan de moda son especialmente reseñables:

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Ashurst, Bankruptcy, Insolvency
    Authors:
    Jorge Vazquez , Jose Christian Bertram , José Antonio Rodríguez , José Ramón Casado
    Location:
    Spain
    Firm:
    Ashurst

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