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    Chile: Recent Changes Made to Restructuring Proceedings
    2023-11-27

    Gianfranco Lotito and Andrés Ignacio Lafuente Quiroz, Cuatrecasas

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    Filed under:
    Chile, Insolvency & Restructuring, Litigation, Global Restructuring Review, Debtor, Liquidation, Debtor in possession, Coronavirus
    Location:
    Chile
    Firm:
    Global Restructuring Review
    Притягнення керівництва та засновників банкрута до майнової відповідальності: що нового?
    2023-11-27

    Задоволення кредиторських вимог є одним з основних завдань процедури банкрутства.

    Так, задля унеможливлення використання юридичної особи як інструменту безпідставного збагачення чужим коштом, законодавець передбачив додаткові гарантії захисту прав та інтересів кредитора від недобросовісних боржників шляхом покладення відповідальності за зобов`язаннями юридичної особи на органи управління юридичної особи, відступивши від загального принципу корпоративного права про розмежування відповідальності учасника (акціонера) та відповідальності юридичної особи.

    Filed under:
    Ukraine, Insolvency & Restructuring, Vasil Kisil & Partners, Bankruptcy
    Authors:
    Yurii Kolos , Yana Hembarovska
    Location:
    Ukraine
    Firm:
    Vasil Kisil & Partners
    Cryptoasset regulation: UK regulators give the industry a further glimpse of the future
    2023-11-27

    On 30 October 2023, HM Treasury (HMT) published three documents setting out how the UK government plans to regulate cryptoassets going forward:

    Filed under:
    United Kingdom, Banking, Capital Markets, Insolvency & Restructuring, IT & Data Protection, Freshfields Bruckhaus Deringer, Cryptocurrency, Anti-money laundering, Non-fungible tokens, Financial Conduct Authority (UK), HM Treasury (UK), Bank of England, Payment Systems Regulator (UK), Prudential Regulation Authority (UK), Financial Services and Markets Act 2000 (UK), Financial Services and Markets Act 2023 (UK)
    Authors:
    Cyrus Pocha , Christopher Bernard , Noah Schmidt
    Location:
    United Kingdom
    Firm:
    Freshfields Bruckhaus Deringer
    The EU Adaption of Important Chapter 11 Provisions
    2023-11-27

    Ken Baird, Katharina Crinson, Guilhem Bremond, Michael Broeders, Charlotte Ausema, Jan-Philip Wilde, Ana López, Silvia Angós, Mark Liscio and Samantha Braunstein, Freshfields Bruckhaus Deringer

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    Filed under:
    European Union, USA, Insolvency & Restructuring, Litigation, Global Restructuring Review, Brexit, Creditors' rights, Insolvency, Corporate Insolvency and Governance Act 2020, Directive on Preventive Restructuring Frameworks (2019/1023/EU), Insolvency Regulation (1346/2000) (EU), Chapter 11, US Bankruptcy Code
    Location:
    European Union, USA
    Firm:
    Global Restructuring Review
    British Virgin Islands: Schemes of Arrangement in China-Related Debt Restructurings
    2023-11-27

    Peter Ferrer, Harneys

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    This is an Insight article, written by a selected partner as part of GRR's co-published content. Read more on Insight

    In summary

    Filed under:
    British Virgin Islands, Insolvency & Restructuring, Litigation, Global Restructuring Review, Scheme of arrangment, BVI Business Companies Act 2004
    Location:
    British Virgin Islands
    Firm:
    Global Restructuring Review
    Recovering a debt from someone who has died
    2023-11-27

    It is sometimes the case that a person who owes you money dies before they have repaid the same to you. In this article, we explore what happens to the debt and the options available to creditors who are faced with a deceased debtor.

    What happens to debt after death?

    The deceased’s liability to repay a debt does not cease upon his or her death. Instead, liability for the same transfers to the deceased’s estate, providing that their estate is not insolvent.

    What happens to debt if the estate is insolvent

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Boyes Turner LLP, Debt, Insolvency, Senior Courts Act 1981 (UK)
    Authors:
    Ally Tow
    Location:
    United Kingdom
    Firm:
    Boyes Turner LLP
    Implications of the Rule in Gibbs on the Effectiveness of Schemes of Arrangement to Compromise US Law-governed Debt
    2023-11-27

    Gregg Galardi, Matthew Czyzyk, Natalie Blanc and Emily Ma, Ropes & Gray

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Global Restructuring Review, Debt, Scheme of arrangment, Gibbs
    Location:
    USA
    Firm:
    Global Restructuring Review
    Recent Developments in DIP Financing for International and Domestic Debtors
    2023-11-27

    Richard J Cooper, Lisa M Schweitzer and Richard C Minott, Cleary Gottlieb Steen & Hamilton

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Global Restructuring Review, Private equity
    Location:
    USA
    Firm:
    Global Restructuring Review
    Dominican Republic: Law 141-15’s Challenges and Application
    2023-11-27

    Fabio Guzmán-Saladín and Pamela Benzán Arbaje, Guzmán Ariza

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    Filed under:
    Dominican Republic, Compliance Management, Insolvency & Restructuring, Litigation, Global Restructuring Review
    Location:
    Dominican Republic
    Firm:
    Global Restructuring Review
    Bermuda: Insolvency in a Consistently Reliable Restructuring Jurisdiction
    2023-11-27

    John Wasty, John Riihiluoma, Lalita Vaswani and James Batten, Appleby

    This is an extract from the 2024 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    Bermuda, Company & Commercial, Insolvency & Restructuring, Litigation, Global Restructuring Review, Supply chain, Liquidation, Insolvency, Judicial Insolvency Network
    Location:
    Bermuda
    Firm:
    Global Restructuring Review

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