August 2016

Nyhedsbrev

- Insolvens & Rekonstruktion

Nyhedsbrevet indeholder referater af nyere retspraksis om insolvensretlige problemstillinger samt orientering om en ndring af Erhvervsstyrelsens praksis vedrrende tvangsoplsning af selskaber. Gorrissen Federspiels afdeling for Insolvens & Rekonstruktion kan kontaktes, sfremt nyhedsbrevet giver anledning til bemrkninger eller uddybende sprgsml. Kontaktoplysninger fremgr sidst i nyhedsbrevet.

Konkursbetingelser

ISSUE FOUR 2017 FUNDING IN FOCUS Are Asian arbitral centres going to surpass the old continent? PwC Damages: an expert’s view Who wins, where and why? Stockholm, Sweden, Scandinavia Freshfields Bruckhaus Deringer 60 seconds Q&A with Erin Miller Rankin Brick Court Chambers Competition damages litigation in London pre- and post- Brexit Wilberforce Chambers Getting at trust assets and piercing the corporate veil Disputes funding for corporates CONTENTS Are Asian arbitral centres going to surpass the old continent?

The liquidation of companies in Egypt is governed by the Egyptian Companies Law. No. 159/1981[1], the law governs all the aspects of the companies’ liquidation including the reasons of liquidation, status of the company under liquidation, the appointment of the liquidator, responsibilities of the liquidator and revocation of the liquidator.

The company may be liquidated for the following reasons:

Fabio J Guzmán-Saladín and Pamela Benzán, Guzmán Ariza

This is an extract from the 2020 edition of the Americas Restructuring Review, published by Global Restructuring Review. The whole publication is available here.

In summary

The UK government’s response to COVID-19 has already taken the economy into new territory, and whilst measures put in place may delay or alter the approach of companies seeking insolvency-based protections, a large number of (contentious) restructurings and insolvencies is inevitable.

We anticipate three phases, each of which creates various risks:

(i) The current phase, during which companies are able to take advantage of government support, or relaxed laws or rules around insolvencies, to continue to operate during the COVID-19 lockdown.

Deutsches Recht: Blick zurück 2016

Unternehmens- und Gesellschaftsrecht

Year in Review - German Law in 2016

Corporate and Commercial

Amendment to the Stock Corporation Act: The Amendment to the Stock Corporation Act 2016 (Aktien-rechtsnovelle 2016) introduced, among other things, the option to issue preference shares without subsequent payment, an extended conversion right for convertible bonds, a limitation of the issue of bearer shares for non-listed companies and new provisions on the due dates of dividend payments.

OLG Naumburg verneint Haftung der Organe eines insolventen Zeitarbeitsunternehmens gegenüber den Einzugsstellen.

Bislang ist von der Rechtsprechung nicht abschließend geklärt, ob eine persönliche Haftung der Organe eines Zeitarbeitsunternehmens wie der Geschäftsführung gegenüber den Einzugsstellen in Betracht kommt.

Introduction

The German FCJ (IX ZR 143/13, 17 December 2015) relates to the requirements and effects of a settlement between an insolvency administrator and the personally liable partners of an insolvent partnership.

This article was authored by Dr. Guido Zeppenfeld.

Restructuring through a transition company: a helpful instrument in challenging situations