This overview includes case law since mid-2022 and provides an overview of legal amendments that have a practical impact on national and international contracts.
Insolvency-based rescission clauses
Diese Übersicht umfasst die Rechtsprechung seit Mitte 2022 und bietet einen Ausblick auf relevante Gesetzesänderungen, die sowohl für nationale als auch internationale Verträge von praktischer Bedeutung sind.
Insolvenzabhängige Lösungsklauseln
A Court-approved reduction of capital is one of the corporate reorganisation tools that has been successfully deployed by listed companies domiciled in the Cayman Islands in order to manage debt and liquidity.
1. The Joint Official Liquidators of FTX Digital Markets Ltd. (Brian Simms KC, Peter Greaves and Kevin Cambridge) (“the JOLS”) have entered into a Global Settlement Agreement (“GSA”) with the Chapter 11 Debtors of the FTX Companies ( approximately 130 FTX Companies which filed for Chapter 11 on 11th November 2022).
Is an administrator of a company an "officer" of that company? The Supreme Court's answer in a recent employment judgment (with potentially broad application) was a resounding "no," which will undoubtedly reassure insolvency practitioners faced with potential criminal liability for carrying out duties conferred on an "officer" of the company.
引子
将于2024年7月1日正式施行的《公司法》（以下简称“新《公司法》”）第二百三十二条对于“清算义务人”及“未及时履行清算义务责任”（以下简称“董事怠于清算责任”）进行了重大修订，无论是股份公司还是有限公司，董事都将成为法定的唯一清算义务人。该条规定的更新无疑将引发司法解释及其他配套规定的新一轮重大修改，并将再次对司法实践中本就争议颇多的怠于清算责任案件的裁判规则带来冲击。
Die Restrukturierung nach dem StaRUG kann unter den richtigen Voraussetzungen für Unternehmen eine sinnvolle Alternative zur außergerichtlichen Sanierung bzw. zum Insolvenzverfahren sein.
Introduction
In Short
FEBRUARY 2024 mourant.com 2021934/89586498/1 UPDATE 2023’s most significant legal developments and what to look out for in 2024 Update prepared by Saniyé Tipirdamaz, Adrian Dobbyn, Eléonore Galleron, Mathieu Gangloff and Romain Bordage (Luxembourg) In 2023, in Luxembourg, we witnessed a number of significant legal developments in the areas of Banking & Finance, Restructuring & Insolvency, Corporate, Investment Funds and Tax. In 2024, new legislation which will impact upon businesses and their investment strategies are expected to be introduced.