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    新 法 紹 介
    2022-06-23

    1 「経済の着実な安定化のための一括的政策措置の発布に関する 通知」 

    国務院は、2022年5月31日に「経済の着実な安定化のための一括 的政策措置の発布に関する通知」を発表し、財政政策、貨幣金融政 策、投資安定化政策、消費促進政策、産業及びサプライチェーン安 定化政策等の方面から計33項目の具体的措置を打ち出した。特に企 業に関連している項目として、以下の内容が挙げられると思われる。

    ① 従来の製造業や技術サービス業等に加えて、卸売・小売業等7 つの産業に所属する企業を、増値税控除留保税額の還付政策の 適用対象として組み入れる。

    ② 社会保険納付猶予政策の適用範囲を、従来の飲食、小売、観光、 民間航空、運輸の5業種以外に、自動車製造業、紡績業、製紙 及び紙製品業等の計17業種を追加し、これら産業に対する養老 保険料の支払猶予期限を22年末までに延長し、また新型コロナ 感染症の影響を著しく受けた地域にある⽣産経営が困難な状況 に陥っているすべての中小企業・零細企業に対して、養老、失 業、労災の3 項目の社会保険料の会社納付部分を段階的に納付 猶予し、猶予期限を22年末まで延長する。

    Filed under:
    China, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Tax, Oh-Ebashi LPC & Partners, Value added tax
    Location:
    China
    Firm:
    Oh-Ebashi LPC & Partners
    Liquidation Preferences: The Reality Behind the Zone of Indifference
    2022-06-21

    As the venture capital sector slows down, valuations and deal sizes are pulling back from the recent record highs. Seemingly, “investor friendly” deal terms are once again making an appearance in term sheets.

    Filed under:
    USA, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Michael Best & Friedrich LLP, Liquidation
    Authors:
    Paul A. Jones
    Location:
    USA
    Firm:
    Michael Best & Friedrich LLP
    Restoration to the Register of Companies and Winding Up Order
    2022-06-22

    Introduction

    In the recent judgment of In the Matter of Margara Shipping Limited (the “Margara Decision”)1 the Cayman Islands Grand Court provided some useful guidance on the basis on which a company can be restored to the Register of Companies (the “Register”) and subsequently wound up pursuant to section 159 of the Companies Act (2021 Revision) (the “Companies Act”) and the Grand Court Rules (2022 Consolidation) (“GCR”), Order 102, Rule 18.

    The Legal Basis to Restore and Wind Up A Company

    Filed under:
    Cayman Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Conyers
    Authors:
    Róisín Liddy-Murphy , Sean-Anna Thompson
    Location:
    Cayman Islands
    Firm:
    Conyers
    The dissolution and winding up of a company when unable to pay its debts
    2022-06-16

    Insights

    In its judgement delivered on 25 February 2021, in the names “Dr. Antoine Naudi as special attorney on behalf of the foreign company UR s.r.l vs. Talocan Ltd of Malta”, the Civil Court (Commercial Section), presided over by Hon. Justice Joseph Zammit McKeon, analysed the requirements necessary to uphold a dissolution and consequential winding up request in terms of Article 214 (2) (a) (ii) of the Companies Act, Chapter 386 of the Laws of Malta.

    Facts of the Case

    Filed under:
    Malta, Company & Commercial, Insolvency & Restructuring, Litigation, Ganado Advocates, Coronavirus
    Authors:
    Marcus Rizzo Naudi
    Location:
    Malta
    Firm:
    Ganado Advocates
    Winding-up a Foreign Incorporated Company in Hong Kong - Nature of Benefits Conferred by a Winding Up Order
    2022-06-15

    Case Background 

    14th June, 2022 -The Court of Final Appeal (“CFA”) handed down a judgment inShandong Chenming Paper Holdings Limited v Arjowiggins HKK 2 Limited [2022] HKCFA 11 (“CFA Decision”) yesterday, ruling on the nature of benefits conferred by a winding up order required to wind up a foreign incorporated company. 

    Filed under:
    Hong Kong, Company & Commercial, Insolvency & Restructuring, Litigation, Gall
    Authors:
    Kenix Yuen
    Location:
    Hong Kong
    Firm:
    Gall
    You Only Liquidate Twice
    2022-06-16

    Can a winding-up petition be presented when a company is being wounded up voluntarily?

    Filed under:
    Hong Kong, Company & Commercial, Insolvency & Restructuring, Litigation, Tanner De Witt
    Authors:
    Ian De Witt
    Location:
    Hong Kong
    Firm:
    Tanner De Witt
    Seven things directors should keep in mind as the company circles insolvency: the view from Hong Kong
    2022-06-14

    The impact upon the economy as a result of COVID-19 sees no signs of abatement in the near-term and not a single sector of industry has been spared. Economic data shows that GDP declines in real terms, along with private expenditure.

    Perhaps some of the rounds of stimulus distributed by the HKSAR Government will help cushion the local economy, but in any event any recovery will be patchy at best with some sectors facing a much longer period of uncertainty than others.

    Filed under:
    Hong Kong, Company & Commercial, Insolvency & Restructuring, Tanner De Witt, Coronavirus
    Authors:
    Ian De Witt , Troy Greig
    Location:
    Hong Kong
    Firm:
    Tanner De Witt
    Hong Kong Court Breathes New Life Into Rule in Gibbs
    2022-06-14

    Judicial comments cast doubt on the ability to compromise US law-governed debt effectively based on Chapter 15 recognition alone.

    Filed under:
    Global, Hong Kong, Company & Commercial, Insolvency & Restructuring, Litigation, Latham & Watkins LLP
    Authors:
    Bruce Bell , Howard K. H. Lam , Adam J. Goldberg , Flora F. W. Innes , Tim Bennett
    Location:
    Global, Hong Kong
    Firm:
    Latham & Watkins LLP
    Audit and corporate governance in the context of corporate failures: UK Government responds to consultation on dividends and capital maintenance
    2022-06-15

    On 18 March 2021, the UK Government published its white paper on restoring trust in audit and corporate governance. On 31 May 2022, the Government published its response to the consultation.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Freshfields Bruckhaus Deringer, Corporate governance
    Authors:
    Katharina Crinson , Rachel Seeley , Richard Tett , Victoria Sharp
    Location:
    United Kingdom
    Firm:
    Freshfields Bruckhaus Deringer
    Brazen and audacious phoenixing defeated by prohibition against creditor-defeating dispositions
    2022-06-15

    Re Intellicomms Pty Ltd (in liq) [2022] VSC 228

    The proceeding was brought by the liquidators of Intellicomms Pty Ltd (the Company) seeking relief in relation to a Sale Agreement dated 2021 between the Company and the defendant, Tecnologie Fluenti Pty Ltd (the Purchaser), involving the sale of certain business assets of the Company to the Purchaser.

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, The Commercial Bar Association of Victoria, Corporations Act 2001 (Australia)
    Authors:
    Sophie Kearney
    Location:
    Australia
    Firm:
    The Commercial Bar Association of Victoria

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