Insbesondere in Restrukturierungsfällen kann es erforderlich sein, einzelne Konzerngesellschaften abzuwickeln. Hierbei sind einige Besonderheiten zu beachten.

Switzerland has a reputation for high-quality banking – holding significant foreign assets and offering a fairly pro-enforcement regime. However, gaps between the different legal cultures means recovering Swiss assets to satisfy foreign judgments from common law jurisdictions may be difficult . Here, we investigate possible solutions.

Supreme Court Case 5A_999/2022 dated 20 February 2024

The Insolvency and Bankruptcy Code, 2016 ("the Code" & “IBC”) has been widely acclaimed as a transformative legislative framework in India, representing a significant departure from previous insolvency laws by emphasizing efficient resolution processes and the professionalization of insolvency services.

The much-anticipated BHS judgment is here.

For those without the time to digest all 533 pages immediately, we have summarised the key points below:

Introduction

In the dynamic and rapidly evolving global marketplace, particularly in fast-growing economies like India, there are ever-growing commercial transactions amongst entities within India as also in international transactions amongst entities within India and outside of India.

On June 6, 2024, the Supreme Court of the United States issued its much-anticipated decision in Truck Insurance Exchange v. Kaiser GypsumCo., Inc., et al. No. 22-1079. In a unanimous decision authored by Justice Sotomayor,¹ the Court vacated a Fourth Circuit decision and ruled in favor of Truck Insurance Exchange, confirming that an insurer with financial responsibility for a bankruptcy claim is a "party in interest" and therefore has standing to object to a Chapter 11 plan.

Overview

On April 23, 2024, the American Bankruptcy Institute’s Subchapter V Task Force issued its Final Report.

This article is the seventh in a series summarizing and condensing the Task Force’s Final Report into “a nutshell.” The subject of this article is:

• whether the $7,500,000 debt cap for Subchapter V eligibility should remain or revert to an interest-adjusted $3,024,725.

Recommendation

Redefine Australian Investments Limited (Company), an Irish-registered company was placed in voluntary liquidation on 24 January 2018. Martin Ferris was appointed as the liquidator (Liquidator).

The Proceedings

There's been a flurry of regulatory activity in the UK and Europe over the past few weeks. Here's a look at the highlights.