On 19 January 2021, in a plenary session of Parliament, three Statutes of material importance to economic agents doing business in Angola were approved, the publication of which in the Angolan Official Gazette is now awaited.
1. The "Law on the Legal Framework for Corporate Recovery and Insolvency" was unanimously approved.
“Survey and test prospective action before undertaking it. Before you proceed, step back and look at the big picture, lest you act rashly on raw impulse”
- Epictetus
“Your hindsight on this case, was far more accurate than his foresight”
- David Carpenter
INTRODUCTION
The StaRUG provides for a so-called stabilisation order to make it easier for companies to restructure. This is also referred to as a moratorium. We explain the requirements and consequences.
The issue in this case concerned the failure of a holder of a Qualifying Floating Charge (QFC) to give notice to a prior QFC holder before appointing administrators, therefore potentially calling into question the validity of the administration.
The Supreme Court’s decision in Sevilleja v Marex Financial Ltd [2020] UKSC 31 of 15 July 2020 provided much needed clarity on the scope of the rule against “reflective loss”.
On 29 January 2020, the Insolvency Service published its quarterly insolvency statistics for October to December 2020 (Q3 2020).
Selected deadlines and dates related to COVID-19 laws, regulations and subsidies in the context of the pandemic.
Table of Content
Despite vaccines now being available, tough measures remain in place to deal with the ongoing COVID-19 pandemic, creating uncertainties for businesses and owners about what the future holds.
6102 Sayılı Türk Ticaret Kanunu'nun 376. Maddesinin Uygulanmasına İlişkin Usul ve Esaslar Hakkında Tebliğ'de Değişiklik Yapılmasına Dair Tebliğ ("Değişiklik Tebliği") 26 Aralık 2020 tarihinde Resmi Gazete'de yayımlanarak aynı tarihte yürürlüğe girdi.