Following the 54% increase in the energy price cap announced by Ofgem on 3 February, and with many predicting that a second substantial increase may be required this October to keep pace with wholesale prices, what is next for beleaguered small energy suppliers?
In Walton v ACN 004 410 833 Limited (formerly Arrium Limited) (in liquidation) [2022] HCA 3, the High Court extended the purpose for which, and incidentally parties by whom, public examinations may be used.
The Ontario Superior Court of Justice (Commercial List) (the “Court”) in Re Harte Gold Corp.,[1]issued its first published decision on the use of reverse vesting orders (“RVOs”) finding that the
After a lawsuit filed by liquidators of a company that collapsed against the company’s former officers, directors, and independent auditors was dismissed in limine, a new Israeli Supreme Court ruling overturned that decision and allowed the liquidators to move forward with the lawsuit, alleging that lack of oversight was what led to the company’s collapse.
１．はじめに
2021年12月15日、インドネシアの憲法裁判所は、破産および債務の支払義務の停止に関する2004年法律第37号（「倒産法」）235条1項及び293条1項において定められた、支払停止手続に対する法的救済がないことについての司法審査に関する決定（No. 23/PUU-XIX/2021（「本件決定」）を致しました。本ニュースレターでは本件決定の内容についてご説明致します。
２．背景
インドネシアでは、破産手続とは別に、日本でいう民事再生手続に相当する支払停止手続（Penundaan Kewajiban Pembayaran Utang）（「PKPU」）が規定されております。PKPUにおいては、債務者が、返済額の減額や返済スケジュールなどを盛り込んだ再生計画を提出し、裁判所が各債権者の同意を得て再生計画の認可・不認可を決定するとされております。同決定は全債権者を拘束するところ、下記のように、倒産法235条1項及び293条は、当該決定については法的救済が無い旨を規定しております。
From 15 February 2022, the UK Insolvency Service is granted new powers to investigate and disqualify or prosecute directors of dissolved UK companies. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act (the Act) extends the Insolvency Service’s powers, on behalf of the UK Business Secretary, to deal with company directors who abuse the company dissolution process.
In the latest edition of Going concerns, Stephenson Harwood's restructuring and insolvency team touches on the extent of the automatic stay arising from the recognition of a foreign main proceeding under the Singapore Model Law cross-border recognition regime, the requirements for a pre-pack scheme of arrangement under the recent Singapore Insolvency, Restructuring and Dissolution Act 2018, and the importance of Environmental, Social and Governance ("ESG") in the restructuring context.
Contents
On 21 December 2021, the UK government launched the future of insolvency regulation consultation, proposing significant changes to insolvency regulation which it says 'has not kept pace with developments in the insolvency market.'
It is uncontroversial that:
Throughout the pandemic, a steady stream of government support was made available to prop-up businesses. As we move towards a New Normal, those support packages are being scaled-back. Many businesses are still recovering from the shock of the last 18 months and, with high levels of historic debt as an additional burden, are not yet back to full financial health.