Are you prepared to take advantage if one of your competitors falls into difficult times or enters an insolvency process? Do you know your way around buying from a distressed seller? What are the things you need to know? How can you prepare? What will make your bid most attractive?
Recent high profile collapses such as HMV have highlighted the opportunities that can be found within the distressed space – if you are prepared and know how to act swiftly.
Welche Folgen hat die Entscheidung für abgeschlossene Verfahren? Was bedeutet sie für die Zukunft?
Summary
A new law which came into force on 8 August 2015 now permits a French court to enforce debt-for-equity swaps. Where the debtor company is in judicial reorganisation proceedings (redressement judiciaire) and if certain conditions are met, the court can either:
On 6 June 2013, the Court of Appeal reversed the High Court’s decision in The Trustees of the Olympic Airlines SA Pension & Life Insurance Scheme v Olympic Airlines SA from May 2012.
When an employer leaves a multi-employer defined benefit pension scheme, an employer debt - a section 75 debt - may arise if the scheme was underfunded.
The Court of Appeal handed down its decision on 6 November 2009 upholding the High Court decision that a scheme of arrangement is not an appropriate mechanism by which the administrators of Lehman Brothers International (Europe) (LBIE) can return assets to LBIE’s clients.
The provision of bonds by contractors as security has assumed renewed importance as a means of protecting employers, given the rising trend of contractor insolvencies.
The High Court has considered the payment of business rates as expenses in new-style administrations. Business rates in respect of premises occupied by a company during the course of its administration are ‘necessary disbursements’ under rule 2.67(1)(f) and payable as expenses of the administration, as they are in a liquidation under rule 4.218(1)(m). Rates for unoccupied premises would also appear to be payable as administration expenses, although not as liquidation expenses.
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Reestructuraciones de empresas en crisis Novedades en la Ley Concursal espaola
20 de julio 2022
La Ley de reforma del texto refundido de la Ley Concursal que traspone la Directiva 2019/1023 sobre reestructuraciones e insolvencia (la Ley) ha sido remitida al Congreso para su aprobacin definitiva, tras lo cual, una vez publicada en el BOE entrar en vigor a los veinte das (salvo alguna excepcin).
La Ley acomete una reforma estructural en el mbito preconcursal y concursal con numerosas novedades y con los siguientes objetivos:
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Novedades en la Ley Concursal espaola en los procesos de refinanciacin
14 de enero 2022
El Boletn Oficial de las Cortes Generales - Congreso ha publicado el Proyecto de Ley de Reforma de la Ley Concursal que traspone la Directiva 2019/1023 (el Proyecto de Ley) que acomete una reforma estructural en el mbito preconcursal y concursal con numerosas novedades y con los siguientes objetivos: