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    Disqualification order granted against Jersey company director
    2022-12-05

    In the recent judgement of In the matter of SPARC Group Limited (en désastre) [2022] JRC 194 (SPARC Group), the Royal Court of Jersey considered the appropriate test for the making of a disqualification order against a director, with the stark nature of the facts justifying a lengthy term of disqualification.

    Background 

    The application for a disqualification order was made by the Viscount, in respect of Andrew Jeremy Mills (Mr Mills), who was the sole director of SPARC Group Limited (the Company), a property development business. 

    Filed under:
    Jersey, Company & Commercial, Insolvency & Restructuring, Litigation, White Collar Crime, Mourant, Bankruptcy, Insolvency
    Authors:
    Katie Hooper , Viraj Kotedia
    Location:
    Jersey
    Firm:
    Mourant
    King & Wood Mallesons' submission on corporate insolvency in Australia
    2022-12-01

    Overview of this submission

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, King & Wood Mallesons, Mediation, Coronavirus, Insolvency, Corporations Act 2001 (Australia)
    Location:
    Australia
    Firm:
    King & Wood Mallesons
    公司不能偿还债务时,债权人是否可以请求公司股东承担责任?(中国大陆)
    2022-11-29

    在争议解决过程中,债权人可能会面临一些公司法人债务人无法偿还债务的情形。在此情况下,债权人是否可以要求该公司股东一并承担责任呢?这还是要看要求股东承担责任有没有任何合同的依据或法律的依据。

    从合同方面来看,这主要看双方之间的约定,如在合同签署时是否有一并要求股东提供担保或股东是否也是合同的一方,如无相关的约定,则只能看法律方面的依据了。

    从法律方面来看,这主要看两个情形,一,如果该公司股东尚未出资完成的话,债权人是否可以要求该股东针对未出资部分承担责任;二,是否存在可以否认公司人格的情形。

    一、要求未出资完成的股东承担部分责任

    根据《最高人民法院关于适用《中华人民共和国公司法》若干问题的规定(二)》(下称“司法解释二”)第二十二条、《最高人民法院关于适用《中华人民共和国公司法》若干问题的规定(三)》(下称“司法解释三”)第十三条及第十四条,以及《企业破产法》第三十五条的规定,在以下几种情形下,债权人可以请求该股东在其未出资本息范围内对公司债务不能清偿的部分承担连带清偿责任或补充赔偿责任:

    (1) 公司解散或破产清算时股东尚未缴纳出资(包括已到期的和未到期的);

    (2) 股东未履行或未全面履行出资义务;

    (3) 股东抽逃出资的(针对抽逃出资本息部分)。

    Filed under:
    China, Company & Commercial, Insolvency & Restructuring, Litigation, Lee Tsai & Partners
    Authors:
    Yanting Pei , Teresa Yu-Ting Huang
    Location:
    China
    Firm:
    Lee Tsai & Partners
    Can a Creditor Hold a Company’s Shareholders Liable When the Company Becomes Insolvent? (Mainland China)
    2022-11-30

    In the course of dispute resolution, a creditor may be confronted with a situation where the corporate debtor is unable to repay its debts. In this case, can the creditor hold the shareholders of the company liable as well? This still depends on whether there is any contractual or legal basis for holding the shareholders liable.

    Filed under:
    China, Company & Commercial, Insolvency & Restructuring, Litigation, Lee Tsai & Partners
    Authors:
    Yanting Pei , Teresa Yu-Ting Huang
    Location:
    China
    Firm:
    Lee Tsai & Partners
    BVI Business Companies (Amendment) Act 2022 - Striking Off, Dissolution and Restoration of Companies
    2022-11-25

    BVI Business Companies (Amendment) Act revisions effective 1 January 2023

    Filed under:
    British Virgin Islands, Company & Commercial, Insolvency & Restructuring, Walkers
    Authors:
    Rosalind Nicholson , Luke Petith , Colette Wilkins , Andrew Chissick , Adam Hinks
    Location:
    British Virgin Islands
    Firm:
    Walkers
    Knapheide Hydraulik Systeme will sich in Eigenverwaltung sanieren
    2022-11-28

    Die produzierende Industrie in Deutschland wird derzeit durch massive Materialpreis- und Energiekostenerhöhungen aufgrund der mittelbaren Folgen der Corona-Pandemie, gestörten Lieferketten und dem Ukrainekrieg erheblich in Mitleidenschaft gezogen.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, GÖRG Partnerschaft von Rechtsanwälten
    Authors:
    Dr. Thorsten Bieg , Dr. habil. Gerrit Hölzle , Dr. Mike Westkamp , Tim Beyer , Karl-Friedrich Curtze , Stefan Liese , Dr. Frank Wilke , Burkhard Fabritius
    Location:
    Germany
    Firm:
    GÖRG Partnerschaft von Rechtsanwälten
    Knapheide Hydraulik Systeme plans to restructure in self-administration
    2022-11-28

    The manufacturing industry in Germany is currently being severely affected by massive increases in material prices and energy costs due to the indirect consequences of the Corona pandemic, disrupted supply chains and the Ukraine war.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, GÖRG Partnerschaft von Rechtsanwälten, Supply chain, Insolvency
    Authors:
    Dr. Thorsten Bieg , Dr. habil. Gerrit Hölzle , Dr. Mike Westkamp , Tim Beyer , Karl-Friedrich Curtze , Stefan Liese , Dr. Frank Wilke , Burkhard Fabritius
    Location:
    Germany
    Firm:
    GÖRG Partnerschaft von Rechtsanwälten
    Summary winding up under the Companies (Jersey) Law 1991
    2022-11-24

    A summary winding up is the procedure used to wind up a solvent Jersey company under the Companies (Jersey) Law 1991 (the 1991 Law). 

     

    This guide examines the procedure for carrying out a summary winding up. 

    Steps

    The steps necessary to carry out a summary winding up are as follows:

    Filed under:
    Global, Jersey, Company & Commercial, Insolvency & Restructuring, Mourant, Articles of association
    Authors:
    Gareth Rigby , Mark Chambers , Robert Hickling
    Location:
    Global, Jersey
    Firm:
    Mourant
    Funds Insider | Issue 7
    2022-11-24

    This edition will cover:

    Filed under:
    Italy, Luxembourg, United Kingdom, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Ashurst, ESG, Insolvency, COP27
    Location:
    Italy, Luxembourg, United Kingdom
    Firm:
    Ashurst
    Crossborder aspects in Swiss restructurings
    2022-11-24

    1.1 Are there international treaties and/or cross-border instruments applicable?

    Filed under:
    European Union, Switzerland, Company & Commercial, Insolvency & Restructuring, Litigation, Loyens & Loeff, ESG, Insolvency, Lugano Convention
    Authors:
    Judith Raijmakers , Robin Moser , Stéphanie Szedlák (née Hagmann) , Christine Hohl
    Location:
    European Union, Switzerland
    Firm:
    Loyens & Loeff

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