The FCA has issued proposed guidance on its approach to compromises by regulated firms, which will have the effect of putting consumer outcomes front and centre for any firm proposing a compromise with retail customers. With a particular focus on schemes (or other compromises) relating to redress liabilities - for instance in relation to mis-selling claims - the guidance inevitably recalls many of the aspects of the ill-conceived scheme proposed by Amigo Loans last year, which the High Court ultimately refused to sanction.

• Commercial rent arrears continue to accumulate as a result of the pandemic, such that arrears are estimated to reach £9 billion by March 2022 and comprise a much larger slice of the typical debt stack than they did pre-pandemic.
• The UK government has proposed a binding arbitration scheme to help resolve the arrears and further extend the existing protections from enforcement and insolvency procedures that

In Parts 1, 2 and 3 we covered some easy traps to fall into when trying to execute a distressed financing tr

In 2021, the German legislator changed the rules of conduct by inserting a further section into the German Insolvency Code (InsO).

Background

In this Business Blog mini-series, we will explore liquidity event options outside of an outright sale of the company. Over the last several years, legal changes have facilitated a robust growth in the private capital market as investors shifted more capital towards private companies causing private placement offerings for debt, equity, and hybrid securities to be more common. This trend has followed the enactment by the U.S. Congress of the Jumpstart Our Business Startups (JOBS) Act In 2012.

On 12 January 2022, the English High Court granted Smile Telecoms Holdings Limited’s (“Smile” or the “Company”) application to convene a single meeting of plan creditors (the super senior creditors) to vote on the Company’s proposed restructuring plan (the “Restructuring Plan”). It is the first plan to use section 901C(4) of the Companies Act 2006 (“CA 2006”) to exclude other classes of creditors and shareholders from voting on the Restructuring Plan on the basis that they have no genuine economic interest in the Company. 

Background 

Restructuring a Multinational Corporation to Optimize Profitability and Efficiency A Case Study By Owen D. Kurtin Kurtin PLLC, New York, NY 2022 Revised Edition T:212.554.3373|E: [email protected] | W:kurtinlaw.com 2 The TO Project A few years ago, I was asked to serve as lead outside legal counsel to a U.S.-basedpublic corporationinanindustrialbusiness sector withoperations in over thirty countries in the reorganization of its global corporate structure and operations.

1. 2021 年を振り返って 2021 年に中国で最も注目を浴びた立法は「個人情報保護法」でした。また「データ安全法」も公布・施行されており、2017 年施行 の「ネットワーク安全法」と併せてデータ三法が出揃ったことになります。本稿でも紙数を割いて、それらの概要を紹介します。 そのほかにも、会社法、外商投資関連、環境法、破産法、各種取引法、知的財産、労働法、競争法等の各分野における重要な 立法や法改正が幾つもなされました。本稿では、2021 年における重要な立法や法改正を 2 回に分けて解説します。今回は、個人 情報保護法等を含むネットワーク情報関係、会社法分野、外商投資分野、環境法分野、破産法分野の重要立法等を取り上げま す。 2. ネットワーク情報関係 (1) 「中華人民共和国個人情報保護法」(国家主席令 91 号、2021 年 8 月 20 日公布、同年 11 月 1 日施行) ① データ三法に関する全体像 何度かの草案や意見募集を経て、ついに中国における個人情報保護法である中華人民共和国個人情報保護法(以下「個 人情報保護法」といいます。)が制定されました。これまで消費者権益保護法(2013 年改正)、権利侵害責任法(2010 年)といっ た個別法で規定されていた個人の情報保護について規定された点が最大の眼目といえます。

Koronakrisen har rammet næringslivet på ulike måter og det er færre konkurser nå enn i et normalt år. Staten har bidratt med ulike ordninger i form av ren støtte og utsatt betalingsfrist for ulike typer skatter og avgifter. Dette kan medføre at styret må foreta grundige vurderinger om hvorvidt det er grunnlag for videre drift i selskapet. Som styremedlem bør du derfor sette deg ekstra godt inn i de plikter som knytter seg til vervet.

Hvis styremedlemmer ikke har gjort jobben sin, bør de frykte krav fra kreditorene dersom selskapet går konkurs.

For some time, controversy has surrounded the question as to whether unsecured creditors of an insolvent company can utilise set-off under s 553C of the Corporations Act 2001 (Cth) (Act) against unfair preference claims.