The Need for a Robust Cross-Border Insolvency Regime in India

This article analyses India’s proposal to adopt the UNCITRAL Model Law on Cross-Border Insolvency.

Filed under:
Global, India, Insolvency & Restructuring, Litigation, Bharucha & Partners, Insolvency, China Banking and Insurance Regulatory Commission, Insolvency and Bankruptcy Code (India), National Company Law Tribunal
Authors:
Sudeshna Guha Roy , Vivek Mishra , Ayesha Bharucha
Location:
Global, India
Firm:
Bharucha & Partners
信托在债务重组中的应用

近年来，越来越多的企业面临债务困境，由于该等企业较多成立时间久、体量巨大，且存在经营多元化、债权债务形式多样化的情形，企业资金链的断裂易引发债务风险，实践中迫切需要进行债务重组，使债权人得到受偿，让企业重获新生。从目前情况来看，信托工具越来越多地被应用于债务重组中，包括在破产重整前的债务重组阶段，也包括在破产重整阶段。根据中国信托业协会于2022年12月12日发布的《2022年3季度中国信托业发展评析》，截至2022年3季度末，我国信托资产规模余额约为21.07万亿元。另根据建信信托有限责任公司（“建信信托”）发布的《建信信托2021年年度报告》，截至2021年12月31日，建信信托破产重整服务信托规模超2,300亿元[1]；根据中信信托有限责任公司（“中信信托”）发布的《中信信托二〇二一年年度报告》，截至2021年12月31日，中信信托特殊资产服务信托业务受托规模近160亿元[2]。

Filed under:
China, Banking, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, King & Wood Mallesons, Bankruptcy, China Banking and Insurance Regulatory Commission
Authors:
Xing Meidong
Location:
China
Firm:
King & Wood Mallesons
Futures and derivatives legislation in China

The Futures and Derivatives Law of the People’s Republic of China (‘FDL’) was adopted by the National People’s Congress on April 20th and is effective from August 1, 2022. The FDL is a historical development for the financial industry in China. Namely, it aligns future and derivative legislation with international netting practices and promotes standardisation of industry and market development.

The FDL Framework

Filed under:
China, Derivatives, Insolvency & Restructuring, Horizons Corporate Advisory, International Swaps and Derivatives Association, China Banking and Insurance Regulatory Commission
Location:
China
Firm:
Horizons Corporate Advisory