Q2 spike in England and Wales corporate insolvencies reflects broader global trend

Reports last week of the significant increase in corporate insolvencies and voluntary liquidations in England and Wales for Q2 demonstrate the combined impact of government COVID-19 support being withdrawn, soaring energy and fuel costs, and weakening demand – and are being reflected in the nature of the instructions coming into our global jurisdictions from distressed companies across the globe.

Filed under:
British Virgin Islands, Global, Hong Kong, Ireland, Jersey, United Kingdom, Insolvency & Restructuring, Coronavirus
Location:
British Virgin Islands, Cayman Islands, Global, Guernsey, Hong Kong, Ireland, Jersey, United Kingdom
Second Circuit establishes relevant time period for center of main interests determination under chapter 15 of the Bankruptcy Code

 

In Morning Mist Holdings Limited v. Krys (In re Fairfield Sentry Limited), Case No. 11-4376, 2013 WL 1593348 (2d Cir.

Filed under:
British Virgin Islands, USA, Insolvency & Restructuring, Litigation, Duane Morris LLP, Liquidation, Title 11 of the US Code, Second Circuit, United States bankruptcy court, Fifth Circuit
Authors:
Rudolph J. Di Massa, Jr. , William C. Heuer , Ron Oliner , Rosanne Ciambrone
Location:
British Virgin Islands, USA
Firm:
Duane Morris LLP