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    Impact transfrontalier de la décision de la Cour suprême des États-Unis dans l’affaire Harrington v. Purdue Pharma L.P.
    2024-07-16

    Le 27 juin 2024, la Cour suprême des États-Unis a publié une décision très attendue qu’elle a rendue dans l’affaire William K. Harrington, United States Trustee, Region 2, Petitioner v. Purdue Pharma L.P. et al. (l’« affaire Purdue »).

    Filed under:
    Canada, USA, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP
    Authors:
    Caitlin McIntyre , Jake Harris
    Location:
    Canada, USA
    Firm:
    Blake, Cassels & Graydon LLP
    Wirtschaftliche Ermittlung und Planung notwendiger arbeitsrechtlicher Umstrukturierungen
    2024-07-18

    Auch unter betriebswirtschaftlichen Aspekten stellen arbeitsrechtliche Umstrukturierungen eine Herausforderung dar. Wie CMS Advisory Sie dabei unterstützen kann, erfahren Sie im heutigen Beitrag.

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, CMS Germany
    Authors:
    Tobias Fusten , Tobias Track
    Location:
    Germany
    Firm:
    CMS Germany
    UKCloud Ltd - lenders are reminded to demonstrate actual control over assets subject to fixed security
    2024-07-22

    In UKCloud Ltd(Re Insolvency Act 1986) [2024] EWHC 1259 (Ch), the court was again faced with the age-old question of categorisation of a security interest but this time in respect of a new type of asset, internet protocol (IP) addresses. Could fixed charge security be taken over IP addresses and, if so, was it taken here?

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Stevens & Bolton LLP, Cloud computing
    Authors:
    Andrew Dodds , Samantha Uzzell
    Location:
    United Kingdom
    Firm:
    Stevens & Bolton LLP
    Insolvency vs Arbitration - Privy Council’s revival of the “Established Approach”
    2024-07-22

    How does an arbitration clause, or an exclusive jurisdiction clause in favour of foreign courts, affect insolvency proceedings?

    The effect of an arbitration clause, or an exclusive jurisdiction clause in favour of foreign courts, on insolvency proceedings has been a topic of longstanding debate in the Courts of Hong Kong, England and other common law jurisdictions.

    Filed under:
    Hong Kong, United Kingdom, Arbitration & ADR, Insolvency & Restructuring, Litigation, A&O Shearman, Liquidation
    Authors:
    Matt Bower , Fai Hung Cheung , Melody Chan , Edward Taylor , Viola Jing , Karen Chan
    Location:
    Hong Kong, United Kingdom
    Firm:
    A&O Shearman
    UK Supreme Court clarifies basis of ‘knowing receipt’ claims arising from breach of fiduciary duty
    2024-07-22

    "The law on 'knowing receipt' has perplexed judges and academics alike for several decades" – Lord Burrows (paragraph 99).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Mayer Brown, Insolvency Act 1986 (UK), UK Supreme Court
    Authors:
    Stephen Moi , Charlotte Stewart Jones , Michael Fiddy , Alexandra Wood
    Location:
    United Kingdom
    Firm:
    Mayer Brown
    La Commission européenne approuve une aide à la restructuration de 1,3 milliard EUR en faveur de SAS
    2024-07-22

    En octobre 2020, la Commission européenne a approuvé une mesure de recapitalisation d'environ 833 millions EUR, notifiée par la Suède et le Danemark, en faveur de SAS. Cette mesure était fondée sur l’Encadrement temporaire relatif aux aides d'État dans le contexte de la crise du COVID-19.

    Filed under:
    Belgium, European Union, Insolvency & Restructuring, Litigation, CMS Belgium, European Commission
    Authors:
    Annabelle Lepièce
    Location:
    Belgium, European Union
    Firm:
    CMS Belgium
    El papel del Conciliador para la consecución de un Convenio Concursal
    2024-07-19

    Resumen Ejecutivo:

    Filed under:
    Mexico, Insolvency & Restructuring, Santamarina y Steta SC, Bankruptcy
    Authors:
    Julio Butron
    Location:
    Mexico
    Firm:
    Santamarina y Steta SC
    IET’s new revision 7 of the Model Form of Contract (MF/1): What has changed?
    2024-07-19

    10 years after the publication of Revision 6 (2014 edition) of the Model Form of Contract for the design, supply and installation of electrical, electronic and mechanical plant (MF/1), the Institution of Engineering and Technology (IET) has released Revision 7 (2024 edition), shortly followed by an erratum containing a summary of corrections.

    Regular users of the MF/1 may be comforted to know that the risk profile of the contract has not changed though the door has been opened to extending the duration of liability for latent defects, as discussed below.

    Filed under:
    United Kingdom, Company & Commercial, Construction, Employment & Labor, Insolvency & Restructuring, Charles Russell Speechlys, Modern slavery, Force majeure, Bribery Act 2010 (UK), Modern Slavery Act 2015 (UK), Companies Act 2006 (UK), Corporate Insolvency and Governance Act 2020
    Authors:
    Melanie Tomlin , Joseph Bearman
    Location:
    United Kingdom
    Firm:
    Charles Russell Speechlys
    The role of the Conciliator for the achievement of an Insolvency Agreement
    2024-07-19

    Executive Summary:

    Filed under:
    Mexico, Company & Commercial, Insolvency & Restructuring, Santamarina y Steta SC
    Authors:
    Julio Butron
    Location:
    Mexico
    Firm:
    Santamarina y Steta SC
    The European Commission approves restructuring State aid of €1.3 billion in favour of SAS
    2024-07-19

    In October 2020, the European Commission approved a recapitalisation measure of approximately €833 million, notified by Sweden and Denmark, in favour of SAS. This measure was adopted under the State aid COVID-19 Temporary framework.

    Ryanair challenged the Commission decision and secured its annulment by the General Court of the EU in May 2023 (Case T-238/21). In late 2022, SAS entered a collective insolvency proceeding. Following the annulment of the 2020 decision, the Commission approved again in November 2023 the recapitalisation measure.  

    Filed under:
    Belgium, European Union, Insolvency & Restructuring, Litigation, CMS Belgium, European Commission
    Authors:
    Annabelle Lepièce
    Location:
    Belgium, European Union
    Firm:
    CMS Belgium

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