BTI 2014 LLC v Sequana SA & Others [2022] UKSC 25
Factual Background
1. In December 2008 and May 2009, the directors of a UK limited company, known as Arjo Wiggins Appleton Limited (“AWA”) distributed dividends to its parent company and sole shareholder, the defendant in the claim, Sequana SA (“Sequana”). The dividend payment in May 2009 was just over £119m.
Die Aktienrechtsrevision brachte per 1. Januar 2023 auch verschiedene Neuerungen im Sanierungsrecht mit sich. Das Sanierungsrecht wurde dabei in gewissen Teilen präzisiert und neue Handlungspflichten wurden für den Verwaltungsrat eingeführt.
February, 2023
A BRIEFING ON LEGAL MATTERS OF CURRENT INTEREST
KEY HIGHLIGHTS Allahabad High Court: No ipso facto absolvement of guarantor's liability upon approval of resolution plan. NCLAT: The obligation of the adjudicating authority to direct for liquidation shall rise only when decision of the Committee of Creditors is in accordance with the Insolvency and Bankruptcy Code, 2016. The Rise of ESG Investing in India: What it Means for Corporations.
For Private Circulation - Educational & Informational Purpose Only
February, 2023
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Brief Facts
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