2022 has been a challenging year. In addition to the continuing impact of COVID-19 and the recent relaxation measures in China, the war in Ukraine has also brought impacts on society, politics and businesses.
Bursting the Crypto Bubble and the Financial Turbulence Ahead With the FTX Group’s recent Chapter 11 filing, on the heels of the recent Celsius Network LLC Chapter 11 filing, we have entered what could be described as a “Lehman Brothers moment” for the crypto industry. This observation, together with the recent awarding of the Nobel Prize in Economics to former Federal Reserve chair Ben Bernanke and professors Douglas Diamond and Philip Dybvig for their pioneering research on banks and financial crises, has caused some of us to experience a déjà vu moment.
Once hailed as having the potential to add £5.7 billion to the UK economy in 2016, Northern business leaders operating in the tech space met to discuss how best to unlock the sector's growth potential. As part of CyberFest, Womble Bond Dickinson, alongside a host of tech experts and business leaders, aimed to tackle the issue head-on in an insightful roundtable.
Part I: Introduction and Background Cryptoassets & Insolvency 2 Introduction Cryptoassets have emerged from relative obscurity to become an increasingly significant and mainstream presence: in just five years the global market cap for cryptocurrencies rose from around $15bn to over $3tn at its peak in November of last year.
©Anderson Mori & Tomotsune 2022 年 9 月 1．【メキシコ】倒産事件処理のための特別裁判所の新設 1. はじめに 2022 年 3 月 4 日、倒産事件を特別に管轄する 2 つの裁判所がいずれもメキシコシティに新設され1 、既に運 用されている。 本稿ではメキシコの倒産法と従前より倒産事件を管轄してきた裁判所について簡潔に説明し、上記の新たな 倒産裁判所の概要と倒産法制上の意味合いを解説する。 2. メキシコの倒産法について メキシコの倒産法は、連邦法である Ley de Concursos Mercantiles （以下「メキシコ倒産法」または「法」とす る。）である。日本法と異なり、破産手続も民事再生手続も単独の法律により定められている。メキシコ倒産法は 2 段階方式を採用している2 。すなわち、原則として、第 1 段階として再生手続(conciliación)が開始され、第 2 段階 として破産手続(quiebra)が開始されうる建付けとなっている3。その目的規定においても、債務超過企業の再建 を図ることの重要性が強調されている4 。
Jorge Luis Moreno Félix, Jose Ignacio El-Mir Arnedo, Abraham Maldonado Zenteno and Iván Neftalí Hernández, PwC
This is an extract from the second edition of The Guide to Restructuring published by Latin Lawyer. The whole publication is available here.
Introduction
This week’s TGIF examines a recent NSW Supreme Court decision that illustrates the circumstances in which a person will be regarded as a ‘de facto director’ and the duties owed to creditors when facing insolvency.
Key takeaways
Cryptoassets & Insolvency: Legal, Regulatory and Practical Considerations Shearman & Sterling 21 July 2022 Part I: Introduction and Background Introduction Cryptoassets have emerged from relative obscurity to become an increasingly significant and mainstream presence: in just five years the global market cap for cryptocurrencies rose from around $15bn to over $3tn at its peak in November of last year. This has fueled a prolific expansion of cryptofocussed businesses (e.g.
The Corporations Act is slowly catching up to modern technology.
This month sees a statement by the Charity Commission on the Ukraine crisis and how this impacts charities, and a factsheet released by the UK government on the impact the war has had on energy.
There are also some very interesting articles regarding support for domestic abuse victims to how to deal with Social Housing complaints.
Finally there is a press article on TLT’s involvement in the innovative second modular deal for Town and Country Housing and Legal and General Modular Homes.