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    香港高等法院就申请准许呈请破产令时全面及坦诚披露义务向执业者作出提醒
    2026-01-22

    在 Re Lu Zhonglou[2025] HKCFI 6165 一案中,林泽明聆案官以债权人在申请准许呈请破产令及申请替代送达命令时,未有履行“充分及坦诚披露”的义务为由,撤销破产令并驳回破产呈请。

    重要事实与背景

    吕先生自约 2010 年起一直是呈请人赌场的长期客户。2021 年 12 月,他签署一份信贷协议,获批可观的博彩信贷,其后新加坡法院就相关欠款作出判决。该判决其后在香港根据外地判决登记制度注册并部分清偿,仍有约 7,080 万港元未偿还。呈请人其后送达法定要求书,并以单方面方式取得准许呈请破产令及替代送达命令;吕先生于 2025 年 4 月被宣告破产,其后以送达存在缺陷及重大不披露为由,申请撤销破产令。

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, Des Voeux Chambers
    Location:
    Hong Kong
    Firm:
    Des Voeux Chambers
    Debt, Default and Discipline: Supreme Court on CIRP Admission of Real Estate Projects and Homebuyers’ Locus Standi
    2026-01-22

    The Hon’ble Supreme Court, in its recent judgment, examined two (2) important issues under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The first concerned the parameters governing the admission of a real estate project into the Corporate Insolvency Resolution Process (“CIRP”), while the second related to the locus standi of a homebuyers’ association or society seeking to intervene or participate in insolvency proceedings against the developer.

    Filed under:
    India, Insolvency & Restructuring, Litigation, Real Estate, Anhad Law, ICICI Bank, Axis Bank, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal, Financial services corporate
    Authors:
    Dhruv Gandhi , Deepam Rangwani
    Location:
    India
    Firm:
    Anhad Law
    Time Limit for Vacating Void Judgments?
    2026-01-21

    On January 20, 2026, the United States Supreme Court issued its unanimous 9-0 opinion written by Justice Alito with a concurrence by Justice Sotomayor in Coney Island Auto Parts Unlimited, Inc. v. Burton and addressed whether vacating a void judgment has a time limit. Prior to the decision, there was an 11-1 circuit split, and the majority view had been that parties were permitted to move to vacate void judgments irrespective of how much time had passed.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Krieg DeVault
    Authors:
    Susan E. Trent , Kay Dee Baird
    Location:
    USA
    Firm:
    Krieg DeVault
    Understanding director disqualification in England & Wales and Scotland
    2026-01-21

    Our specialists explain what director disqualification is, the consequences of it and the Insolvency Service’s investigations into a director’s conduct of an insolvent company.

    Company directors have legal duties and responsibilities when dealing with the affairs of a company.

    Filed under:
    United Kingdom, England & Wales, Company & Commercial, Insolvency & Restructuring, Weightmans LLP, Liquidation, Insolvency Service (UK)
    Authors:
    Shevy Narendra
    Location:
    United Kingdom
    Firm:
    Weightmans LLP
    Yodel v Corlett: High Court dismisses share warrants claim finding key documents were falsified
    <br>
    2026-01-21

    The High Court has handed down its judgment in a preliminary issues trial in Yodel Delivery Network Ltd v Corlett & Ors on 19 December 2025, dismissing counterclaims by Shift Global Holdings Ltd (Shift) and Corja Holdings Ltd (Corja) for specific performance of purported share warrant rights, which they had said entitled them to more than 54% of Yodel’s issued share capital in the battle for control of the home delivery company.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Macfarlanes LLP, Articles of association, HM Revenue and Customs (UK), UK Supreme Court
    Authors:
    Lois Horne , Rebecca Mansbridge
    Location:
    United Kingdom
    Firm:
    Macfarlanes LLP
    Insurance - Texas Style, Part 2: Stowers Liability and Bankruptcy
    <br>
    2026-01-20

    This is the second in a series of discussions about insurance issues unique to the Lone Star State.

    Filed under:
    USA, Texas, Insolvency & Restructuring, Insurance, Litigation, Bradley Arant Boult Cummings LLP, Bankruptcy
    Authors:
    Katherine J. Henry , Aaron Campbell
    Location:
    USA
    Firm:
    Bradley Arant Boult Cummings LLP
    ABCs & Unsecured Trade Creditors
    2026-01-20

    Here’s a question about the new Uniform Assignment for Benefit of Creditors Act (the “Uniform ABC Act”):

    • Is a liquidation under the Uniform ABC Act a good thing or a bad thing for the debtor’s unsecured trade creditors?

    The answer is easy: it’s a good thing.

    Filed under:
    USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Receivership
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    Details matter: Court of Appeal of Alberta upholds decision that royalty was not an interest in land in Invico Diversified Income Limited Partnership v. Newgrange Energy Inc.
    2026-01-20

    Structuring royalties as interests in land can provide significant protection in subsequent insolvency proceedings, but a recent decision from the Court of Appeal of Alberta underscores that technicalities may trump intentions. In Invico Diversified Income Limited Partnership v.

    Filed under:
    Canada, Alberta, Insolvency & Restructuring, Litigation, Real Estate, Torys LLP, Bank of Montreal Financial Group, Supreme Court of Canada, Court of Appeal of Alberta
    Authors:
    David Bish , Jeremy Opolsky , Michael Pickersgill , Braden Jebson , Charles Kanani
    Location:
    Canada
    Firm:
    Torys LLP
    Germany: EU Directive on Insolvency Harmonization
    2026-01-19

    In brief

    Filed under:
    European Union, Germany, Insolvency & Restructuring, Baker McKenzie, ESG, Insolvency, European Commission
    Authors:
    Joachim Ponseck , Artur Swierczok , Andrea Soprano
    Location:
    European Union, Germany
    Firm:
    Baker McKenzie
    Cross border, crypto and insolvency to dominate Hong Kong courts in 2026
    2026-01-19

    2026 will see an increase in Hong Kong disputes over fraud claims, cryptocurrency and insolvency, greater judicial collaboration with mainland China, and further digital transformation of local court processes, according to the firm's Hong Kong litigation team.

    "Hong Kong commercial litigation continues to deliver landmark decisions with global impact," said the firm's Head of China and local litigator Jojo Fan.

    Filed under:
    Hong Kong, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Herbert Smith Freehills Kramer LLP, Blockchain, Due diligence, Initial public offerings, Digital transformation, Cryptocurrency, Insolvency
    Authors:
    Jojo Fan , Paul Quinn , Rachael Shek , Truman Mak
    Location:
    Hong Kong
    Firm:
    Herbert Smith Freehills Kramer LLP

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