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    Pre-action Disclosure - Peel Port Shareholder Finance Co v Dornoch Ltd
    2017-04-26

    Whether third party claimant entitled to pre-action disclosure of currently solvent insured's insurance policy

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Clyde & Co LLP
    Location:
    United Kingdom
    Firm:
    Clyde & Co LLP
    Hanjin Shipping - Current jurisdictional status and options - France
    2016-10-04

    The effect of Hanjin's Korean rehabilitation proceedings in France has been rather limited.

    Filed under:
    France, Insolvency & Restructuring, Litigation, Shipping & Transport, Clyde & Co LLP
    Location:
    France
    Firm:
    Clyde & Co LLP
    Third Parties (Rights Against Insurers) Act 2010 due to come into force
    2016-05-19

    The Act, which received Royal Assent as long ago as 25 March 2010, is finally due to come into force on 1 August 2016. It has the intention of allowing third parties to make claims directly against liability insurers in insolvency situations.

    1930 Act

    Filed under:
    United Kingdom, Insolvency & Restructuring, Insurance, Clyde & Co LLP
    Location:
    United Kingdom
    Firm:
    Clyde & Co LLP
    Oil price volatility – risks and opportunities in 2015 - update 12 – operator/contractor distress and supply contracts
    2015-10-01

    The recent further dip in oil price has placed even more pressure on the costs paid by Operators to Contractors, and also how much reliance Contractors can place on an Operator's promise to pay.

    Filed under:
    United Kingdom, Construction, Energy & Natural Resources, Insolvency & Restructuring, Clyde & Co LLP
    Authors:
    Stewart Perry
    Location:
    United Kingdom
    Firm:
    Clyde & Co LLP
    Bilta – the end of the ''sole actor'' exception?
    2013-09-20

    The Court of Appeal recently handed down its much-anticipated judgment in (1) Jetivia S.A. (2) URS Brunschweiler v Bilta (UK) Limited (in liquidation) (2013).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Tax, Clyde & Co LLP, Fraud, Liquidation
    Location:
    United Kingdom
    Firm:
    Clyde & Co LLP
    Judicial Management under the Insolvency, Restructuring and Dissolution Act
    2020-08-19

    On 30 July 2020, the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) came into operation. The IRDA is an omnibus legislation housing all of Singapore’s insolvency and restructuring laws in one single piece of legislation.

    The general framework of the IRDA has been discussed in the first article in our series of articles covering the various aspects of IRDA and can be found here.

    Filed under:
    Singapore, Insolvency & Restructuring, Clyde & Co LLP
    Authors:
    Junxiang Koh , Prakash Pillai
    Location:
    Singapore
    Firm:
    Clyde & Co LLP
    Covid-19 Singapore: guide to (temporary measures) act 2020
    2020-04-08

    The COVID-19 (Temporary Measures) Act (the Act) will have a considerable impact on the enforcement of certain contracts and commercial disputes in Singapore for the next 6 to 12 months. The Act was passed by the Singapore Parliament, and commenced on the same day, 7 April 2020.

    The key measures of the Act are:

    Filed under:
    Singapore, Arbitration & ADR, Banking, Company & Commercial, Insolvency & Restructuring, Clyde & Co LLP, Force majeure, Coronavirus
    Authors:
    Ian Roberts , Prakash Pillai
    Location:
    Singapore
    Firm:
    Clyde & Co LLP
    Entrepreneurs’ Relief
    2019-07-19

    Introduction

    Filed under:
    United Kingdom, Insolvency & Restructuring, Private Client & Offshore Services, Tax, Clyde & Co LLP
    Location:
    United Kingdom
    Firm:
    Clyde & Co LLP
    Limitation Funds: A Landmark Decision in Dubai
    2018-01-22

    A recent decision of a specialist tribunal in Dubai could have far-reaching consequences for the maritime industry. In this article Robert Thomas QC, of Quadrant Chambers, and Robert Lawrence and Leonard Soudagar, of Clyde & Co, examine how it is now possible, in certain circumstances, for a shipowner to set up a limitation fund in the UAE.

    Filed under:
    United Arab Emirates, Arbitration & ADR, Insolvency & Restructuring, Litigation, Clyde & Co LLP, Dubai International Financial Centre
    Location:
    United Arab Emirates
    Firm:
    Clyde & Co LLP
    How does marine cargo insurance in the UAE respond to carrier insolvency?
    2017-02-12

    When Hanjin Shipping went into administration in late 2016, reportedly over 500,000 containers were stranded or arrested at ports worldwide, including many in the Middle East. Cargo owners who find themselves in such circumstances can be critically affected (particularly if the cargo is temperature sensitive, perishable or urgently required), and they will often look to their cargo insurers. This note highlights a number of issues which are likely to arise when a carrier becomes insolvent during a laden voyage, and claims are made under a marine cargo policy in the UAE.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Insurance, Shipping & Transport, Clyde & Co LLP
    Authors:
    Robert Lawrence
    Location:
    United Arab Emirates
    Firm:
    Clyde & Co LLP

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