The number of company insolvencies in 2023 increased by over a third compared to 2022. The hospitality sector was particularly badly affected, with 53% more insolvencies than in 2022.

It appears that 2024 will be similarly challenging for companies in the hospitality sector. The Restaurant Association of Ireland (RAI) has set out the main challenges faced by the industry, including increased energy and labour costs, and the VAT rate reverting to 13.5% after having been reduced to 9% during the covid-19 pandemic.

In the first Part 26A appeal decision since the inception of the restructuring plan in 2020, the Court of Appeal has set aside the restructuring plan sanction order that was granted to German real estate group, Adler.

North Brewing Company, a Leeds-based brewery and bar-owner, has secured a sale out of administration that will ensure their future trading, having become the latest to issue a notice of intention to appoint administrators earlier this month.

What Happened

How can an enterprise withdraw from the market through liquidation?

What is liquidation?

Enterprise liquidation aims to terminate the existence and related rights and obligations of an enterprise. It can occur by a decision of the owner or it may occur when an enterprise is no longer qualified to exist and is forced to liquidate at the request of the appropriate state agency. We only discuss liquidation by the owner.

Voluntary liquidation:

はじめに

2023年12月22日、金融庁は、有価証券報告書および有価証券届出書ならびに臨時報告書において開示すべき「重要な契約」の類型やその開示内容を具体的に明らかにする「企業内容等の開示に関する内閣府令」等の改正（以下「本改正」）を公表しました。本改正は同日付で公布されており、2024年4月1日から施行されます。重要な契約の開示に関する改正規定は2025年3月31日以後に終了する事業年度に係る有価証券報告書等、同年4月1日以後に提出される臨時報告書から適用されます。

本改正の公布と同時に、意見募集に対して寄せられたコメントの概要とこれに対する金融庁の考え方（以下「考え方」）も同時に公表されており、本改正に関する金融庁の見解を理解する上で参考となります。

This article analyses India’s proposal to adopt the UNCITRAL Model Law on Cross-Border Insolvency.

#1: Artificial Intelligence

The impact of artificial intelligence on the legal profession was a hot topic in 2023, with the English judiciary receiving guidance on the use of the technology. Debate on the role and regulation of AI is likely to continue throughout 2024, particularly as more specific applications are developed and demonstrated.

Зміст

Under the Absolute Priority Rule, for a Chapter 11 plan to be confirmable, claims of a higher priority must be paid in full in order for lower priority claims to receive any recovery, and all creditors must be paid in full in order for equity interest holders to retain any interest in the debtor, or receive any distribution under the plan. The Absolute Priority Rule is embodied in Section 1129(b)(2) of the Bankruptcy Code.