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    Welcome Relief for Officeholders as Criminal Liability Risk Question Clarified
    2024-02-28

    Is an administrator of a company an "officer" of that company? The Supreme Court's answer in a recent employment judgment (with potentially broad application) was a resounding "no," which will undoubtedly reassure insolvency practitioners faced with potential criminal liability for carrying out duties conferred on an "officer" of the company.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Ashurst
    Authors:
    James Nierinck , Andrew Clarke
    Location:
    United Kingdom
    Firm:
    Ashurst
    Landlords in Scotland: How to deal with tenant insolvency
    2024-02-28

    The first quarter of the year can often be a pinch point for tenants as they assess Christmas trading and scrutinise financial results. Where profits have failed to meet expectations then a tenant may require to consider formal insolvency proceedings but how does this affect the landlord? Here we consider some of the key questions for a landlord in Scotland facing tenant insolvency.

    What is the status of the tenant?

    Filed under:
    United Kingdom, Scotland, Insolvency & Restructuring, Real Estate, Brodies LLP, Insolvency
    Authors:
    Elaine Petterson , Jemma Deeney
    Location:
    United Kingdom
    Firm:
    Brodies LLP
    新《公司法》中董事怠于清算责任的构成要件及抗辩要点初探
    2024-02-28

    引子

    将于2024年7月1日正式施行的《公司法》(以下简称“新《公司法》”)第二百三十二条对于“清算义务人”及“未及时履行清算义务责任”(以下简称“董事怠于清算责任”)进行了重大修订,无论是股份公司还是有限公司,董事都将成为法定的唯一清算义务人。该条规定的更新无疑将引发司法解释及其他配套规定的新一轮重大修改,并将再次对司法实践中本就争议颇多的怠于清算责任案件的裁判规则带来冲击。

    Filed under:
    China, Company & Commercial, Insolvency & Restructuring, Zhong Lun Law Firm, Liquidation
    Authors:
    Chongwen Li
    Location:
    China
    Firm:
    Zhong Lun Law Firm
    Groupe Nygård : Examen approfondi du regroupement de patrimoines dans le cadre de procédures d’insolvabilité au Canada
    2024-02-28

    Dans le contexte en constante évolution des lois canadiennes en matière d’insolvabilité, le regroupement de patrimoines se révèle comme un recours puissant. Bien qu’il soit rarement utilisé, il est susceptible d’entraîner des répercussions importantes pour les entités débitrices visées et leurs créanciers. C’est d’ailleurs ce que souligne une décision récente de la Cour d’appel du Manitoba, laquelle met en avant cet élément complexe, mais crucial, du droit de l’insolvabilité.

    REGROUPEMENT DE PATRIMOINES

    Filed under:
    Canada, Insolvency & Restructuring, Blake, Cassels & Graydon LLP
    Authors:
    Linc Rogers , Jake Harris
    Location:
    Canada
    Firm:
    Blake, Cassels & Graydon LLP
    Regulation of the crypto market in England from a restructuring and insolvency perspective
    2024-02-28

    It’s no secret that the Government is looking for the UK to become a leader in the crypto market while increasing its regulation. This balancing act will become even more prevalent in the English courts over the next couple of years when it comes to restructuring and insolvency.

    Filed under:
    United Kingdom, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Brabners, Cryptoassets, Financial Conduct Authority (UK), Bank of England
    Authors:
    Jana Rausova , Rob Turner
    Location:
    United Kingdom
    Firm:
    Brabners
    Controlling Stockholder Exercising Voting Power as Stockholder to "Change the Status Quo" Owes Fiduciary Duties
    2024-02-27

    In Short

    Filed under:
    USA, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Jones Day
    Authors:
    Randi C. Lesnick , Andrew M. Levine , Bryan E. Davis , Ted Powers III , Benjamin L. Stulberg , Corey L. Zarse
    Location:
    USA
    Firm:
    Jones Day
    Joining Other Circuits, the Fifth Circuit Reverses Lower Court and Approves Sale of Preferential Transfer Claims to Non-Fiduciaries
    2024-02-27

    The Fifth Circuit recently ruled that a debtor can sell a preferential transfer action under Bankruptcy Code section 363 to a purchaser that is not a representative of the bankruptcy estate. Briar Cap. Working Fund Cap., L.L.C. v. Remmert (In re S. Coast Supply Co.), No. 22-20536, 2024 U.S. App. LEXIS 1417 (5th Cir. Jan. 22, 2024).

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP, Fifth Circuit
    Authors:
    Daniel A. Lowenthal
    Location:
    USA
    Firm:
    Patterson Belknap Webb & Tyler LLP
    2023’s most significant legal developments and what to look out for in 2024
    2024-02-27

    FEBRUARY 2024 mourant.com 2021934/89586498/1 UPDATE 2023’s most significant legal developments and what to look out for in 2024 Update prepared by Saniyé Tipirdamaz, Adrian Dobbyn, Eléonore Galleron, Mathieu Gangloff and Romain Bordage (Luxembourg) In 2023, in Luxembourg, we witnessed a number of significant legal developments in the areas of Banking & Finance, Restructuring & Insolvency, Corporate, Investment Funds and Tax. In 2024, new legislation which will impact upon businesses and their investment strategies are expected to be introduced.

    Filed under:
    European Union, Luxembourg, Company & Commercial, Competition & Antitrust, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Mourant, Foreign direct investment, Blockchain, Venture capital, Transfer pricing, State aid, Insolvency, European Commission, European Parliament
    Location:
    European Union, Luxembourg
    Firm:
    Mourant
    从“License-in”转型“License-out”——技术托管应对破产风险在实务中的应用
    2024-02-27

    此前我们在《从“License-in”转型“License-out”——你的“自主知识产权”成色几何?》中对企业在开展License-out过程中涉及的知识产权侵权问题进行了梳理,并提出了实操建议供企业参考。此外,在技术许可交易中,还有一个此前常被中国企业在技术交易中忽略的问题,即技术许可方破产对技术许可的影响。随着中国技术类企业正逐步从技术引进(“License-in”)转向技术输出(“License-out”),中国企业也时常碰到境外被许可方提出的“破产保护”诉求。我们将在本文中对该问题进行探讨,并对国外常见的应对方案“技术托管”进行较为详细的介绍。

    一、许可方破产对技术许可合同的影响

    Filed under:
    China, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, King & Wood Mallesons, Bankruptcy, Enterprise Bankruptcy Law 2006 (China)
    Authors:
    Fu Guangrui (Mark) , Shen Yuhan
    Location:
    China
    Firm:
    King & Wood Mallesons
    Bankruptcy during martial law: what is established by the new laws
    2024-02-27

    Details on the application of bankruptcy procedures during martial law

    This year, the Verkhovna Rada of Ukraine adopted two laws that introduced a number of innovations in the bankruptcy procedure. The amendments to the Code of Ukraine on Bankruptcy Procedures (hereinafter – the Code) were primarily driven by the challenges of martial law in Ukraine and the need to harmonize Ukrainian legislation with EU standards.

    Filed under:
    Ukraine, Insolvency & Restructuring, GOLAW
    Authors:
    Kateryna Tsvetkova
    Location:
    Ukraine
    Firm:
    GOLAW

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