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    CFPB Amicus Brief Supports FDCPA Claim for Unknowing Stay Violation
    2024-01-22

    On January 2, the Consumer Financial Protection Bureau (CFPB) filed an amicus curiae brief urging the U.S. Court of Appeals for the First Circuit to reverse a district court’s decision finding that a debt collector lacked the requisite knowledge and intent to violate the Fair Debt Collection Practices Act (FDCPA) when it sent a debt-collection communication prior to any knowledge of the debtor’s bankruptcy filing.

    Filed under:
    USA, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, Troutman Pepper, Consumer Financial Protection Bureau (USA), US Congress, Fair Debt Collection Practices Act 1977 (USA)
    Authors:
    Stefanie H. Jackman , Deborah Kovsky-Apap , Ethan G. Ostroff
    Location:
    USA
    Firm:
    Troutman Pepper
    Directors' duties: Are you aware of the "creditor duty"?
    2024-01-23

    We have recently published a few blogs on the hot topic of company insolvencies, including more specifically about:

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Tax, Brodies LLP, HM Revenue and Customs (UK), Companies Act 2006 (UK), UK Supreme Court
    Authors:
    Lucy McCann , Nicky-Ray Watson
    Location:
    United Kingdom
    Firm:
    Brodies LLP
    Insolvenzanfechtung, Wissenszurechnung und Factoring
    2024-01-23

    Weiß ein Forderungsverkäufer von der Zahlungsunfähigkeit seines Schuldners, muss sich der Factor diese Kenntnis im Rahmen eines echten Factorings nicht allein deshalb zurechnen lassen, weil der Factoringvertrag Informations- und Unterstützungspflichten des Forderungsverkäufers vorsieht.

    Überblick

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Litigation, Advant Beiten, Federal Court of Justice
    Authors:
    Etienne Sprösser , Jennifer Wulf
    Location:
    Germany
    Firm:
    Advant Beiten
    UK distressed restructuring: why are ESG issues important?
    2024-01-19

    Key points

    Filed under:
    United Kingdom, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Taylor Wessing, ESG
    Authors:
    Kirsten Fulton-Fleming
    Location:
    United Kingdom
    Firm:
    Taylor Wessing
    Hunt v Singh: guidance on director's duties to creditors following Sequana
    2024-01-19

    The English High Court decision of Hunt v Singh [2023] EWHC 1784 (Ch) has provided the most substantive authority on directors' duties to creditors since the decision of the Supreme Court in BTI 2014 LLC v Sequana SA and others [2022] UKSC 25 (“Sequana”). The case specifically considered the point at which a director’s duty to take into account the interests of creditors arises.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Tax, Brodies LLP, HM Revenue and Customs (UK), UK Supreme Court
    Authors:
    Nicky-Ray Watson
    Location:
    United Kingdom
    Firm:
    Brodies LLP
    Directors’ Duties - An Introduction
    2024-01-19

    Whether you are starting a new venture, or you have been a company director for several years, you must understand your responsibilities.

    Not complying with directors’ duties can lead to disqualification, financial penalties, and even imprisonment.

    In this article, you will find the scope of directors’ duties, as set out in the Companies Act 2006 and other legislation such as the Health and Safety at Work Act 1974.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Eldwick Law, Articles of association, Companies Act 2006 (UK)
    Authors:
    Waleed Tahirkheli , Jenna Kruger
    Location:
    United Kingdom
    Firm:
    Eldwick Law
    Court of Appeal summaries (January 15 - January 19)
    2024-01-20

    Following are our summaries of the civil decisions of the Court of Appeal for Ontario for the week of January 15, 2024.

    Filed under:
    Canada, USA, Ontario, Banking, Company & Commercial, Derivatives, Family, Insolvency & Restructuring, Litigation, Real Estate, Blaney McMurtry LLP, Due diligence, Barclays, Commodity Futures Trading Commission (USA), FERC, HSBC, Bank of Nova Scotia, Competition Act 1985 (Canada), Supreme Court of Canada, Court of Appeal for Ontario
    Authors:
    John Polyzogopoulos , Ines Ferreira
    Location:
    Canada, USA
    Firm:
    Blaney McMurtry LLP
    对破产企业仅享有抵押权的权利人的权利认定与行权规则的研究
    2024-01-17

    摘要

    市场经济交易中,企业以自有财产对外抵押,提供担保的情形屡见不鲜。上述企业进入破产程序后,易引发破产法与担保法交叉问题。破产企业以自有财产为第三人的债务提供抵押,主债权债务发生于债权人(抵押权人)与第三人之间,抵押权人若在抵押人的破产程序中主张权利,管理人审查认定过程中,易与破产企业为自己的债务提供抵押混淆,单纯的抵押权人可能被认定为“抵押债权人”。本文立足于物权和债权的二分性原则,探讨了在破产程序中,对破产企业仅享有抵押权的权利人的权利认定与行权规则。

    关键词

    抵押权人 别除权 别除权人 权利行使

    Filed under:
    China, Banking, Company & Commercial, Insolvency & Restructuring, Real Estate, JunHe LLP
    Authors:
    Chenghao Li
    Location:
    China
    Firm:
    JunHe LLP
    Section 192 CBCA plans of arrangement - latest insights on virtual securityholder meetings and the solvency requirement
    2024-01-16

    Section 192 of the Canada Business Corporations Act (CBCA) provides a flexible tool that allows corporations to achieve important change and undertake various corporate transactions, subject to court approval and oversight. This article aims to provide an update on the Québec courts’ acceptance of virtual securityholder meetings and approach to the solvency requirement.

    Overview of the arrangement process

    Filed under:
    Canada, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, Osler Hoskin & Harcourt LLP, Court of Appeal of Alberta
    Authors:
    Fabrice Benoît , Sophie Courville , Jack M. Little
    Location:
    Canada
    Firm:
    Osler Hoskin & Harcourt LLP
    Capital gains tax chargeable on unlisted shares
    2024-01-15

    Pursuant to recent amendments to the Income Tax Act 1967 (“ITA”), gains or profits from the disposal of a ‘capital asset’ on or after 1 January 2024 will be subject to capital gains tax (“CGT”).

    ‘Capital asset’ is defined to mean movable or immovable property, and includes any rights or interests thereof and includes amongst others, stock and shares, loan stock and debentures.

    Filed under:
    Asia-Pacific, Malaysia, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Tax, Hsian & Co., Regulatory compliance, Capital gains tax
    Authors:
    Hsian Siong Yong
    Location:
    Asia-Pacific, Malaysia
    Firm:
    Hsian & Co.

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