Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Cross-Border Insolvency: Enforcing an English Bankruptcy Order in Scotland
    2025-03-05

    In this article Leon Breakey explains some of the issues that can arise when an English bankruptcy order is issued and the debtor owns property in Scotland.

    When an English debtor with an interest in heritable property in Scotland is made bankrupt under English law, a crucial question arises: how can the English bankruptcy order be enforced in Scotland? This article explores this issue, highlighting the potential risks for trustees and the solution provided by Section 426 of the Insolvency Act 1986.

    The Issue: English Bankruptcy Orders and Scottish Property

    Filed under:
    United Kingdom, Scotland, Insolvency & Restructuring, Litigation, Morton Fraser MacRoberts LLP, Insolvency, Infrastructure
    Authors:
    Leon Breakey
    Location:
    United Kingdom
    Firm:
    Morton Fraser MacRoberts LLP
    Dale & Ors v BDO LLP
    2025-03-05

    ICC Judge Burton’s judgment in Dale & Ors v BDO LLP (Re NMCN PLC and NMCN Sustainable Solutions Ltd) [2025] EWHC 446 (Ch) follows an administrators’ application under ss 235 and 236 Insolvency Act 1986 for the former company auditors, BDO LLP, to deliver up audit files for 2018 and 2019 to enable the administrators to investigate whether BDO had breached duties owed to the companies. The application was resisted. The points of contention were:

    (1) whether, as the companies’ auditors, BDO were an “officer” for the purposes of s 235;

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell, KPMG
    Authors:
    Frances Coulson
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Cross-Border Insolvency - An Examination Of The Framework And Its Consequences
    2025-03-05

    Given the increased intertwining of national economies, cross-border insolvency presents salient legal and financial difficulty. Upon the existence of an insolvent debtor in more than one country, the necessity to deal with assets and/or creditors creates very complicated jurisdictional problems and other legal issues. Most of the time, a company will operate in several jurisdictions and hence face very complicated transnational insolvency scenarios.

    Filed under:
    Global, India, Insolvency & Restructuring, Litigation, Maheshwari & Co., UNCITRAL, Insolvency and Bankruptcy Board of India, Insolvency and Bankruptcy Code (India), National Company Law Tribunal
    Location:
    Global, India
    Firm:
    Maheshwari & Co.
    An attempt to statutorily mediate the operational creditor dues
    2025-03-05

    The Insolvency and Bankruptcy Board of India (‘IBBI’) has recently come up with a proposal for the parties involved in an operational creditor application to explore mediation under the provisions of the Mediation Act, 2023. This is aimed as a precursor to the filing of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (‘Code’).

    Filed under:
    India, Insolvency & Restructuring, Lakshmikumaran & Sridharan Attorneys, Mediation, Insolvency and Bankruptcy Board of India, Insolvency and Bankruptcy Code (India)
    Authors:
    Raghavan Ramabadran , Krithika Jaganathan
    Location:
    India
    Firm:
    Lakshmikumaran & Sridharan Attorneys
    Aircraft objects bill, 2025 - will it fly or crash?
    2025-03-05

    1. Introduction

    Filed under:
    India, Aviation, Insolvency & Restructuring, Juris Corp, Insolvency
    Authors:
    Ankit Sinha , Aditi Sinha , Yashassvi Periwal
    Location:
    India
    Firm:
    Juris Corp
    Rules on Mainland Asset Disposal and The Practice of Judicial Assistance by Mainland Courts in Hong Kong Company Bankruptcy
    2025-03-05

    Following the liquidation order from the Hong Kong High Court on January 29, 2024, against China Evergrande Group Corporation, on September 12, 2024, China Evergrande Group filed a liquidation petition for its wholly owned subsidiary, CEG Holdings (BVI) Limited, which has been scheduled a hearing on February 17, 2025. In the liquidation process of a Hong Kong company, the maintenance and realisation of the company's assets and the return of the value to its creditors and other stakeholders are key concerns.

    Filed under:
    China, Hong Kong, Insolvency & Restructuring, Litigation, AnJie Broad Law Firm, Artificial intelligence
    Authors:
    Shouzhi AN , Zhang Xiaofen
    Location:
    China, Hong Kong
    Firm:
    AnJie Broad Law Firm
    香港公司破产中对涉及内地资产的处置规则及内地司法协助之实践
    2025-03-05

    引言

    继2024年1月29日香港高等法院向中国恒大集团公司发出清盘令后,2024年9月12日,中国恒大集团又向香港高等法院提呈针对其直接全资附属公司CEG Holdings (BVI) Limited的清盘呈请,并定于2025年2月17日举行清盘呈请聆讯。在香港公司清盘程序中,维护及变现公司资产,向公司债权人及其他持份者返还价值为重要关切。明确香港公司清盘令下公司在大陆境内财产的处置规则和程序,对于减少商业活动中的不确定性和风险,增强市场主体信心有重要意义。

    一、香港高等法院作出清盘令的法律后果

    根据《公司(清盘及杂项条文)条例》(简称《清盘条例》)第178条规定,若公司欠下债权人已到期应支付的款项相等于或超过1万美元债务的,任何一名或多名债权人、任何一名或多名分担人(指在公司清盘时有法律责任分担提供公司资产的人)或任何分担人的破产案受托人或遗产代理人可一起或分别提出清盘呈请,清盘令作出后有如下主要法律后果:

    1. 诉讼搁置

    根据《公司(清盘及杂项条文)条例》(简称《清盘条例》)第186条规定,当已有清盘令作出或已委托一名临时清盘人,除非获得法院许可,否则不得针对公司进行或展开任何诉讼或法律程序,而获法院许可者须在符合法院所施加的条款下进行或展开该等诉讼或法律程序,但涉及国家安全的案件除外。

    Filed under:
    China, Hong Kong, Insolvency & Restructuring, AnJie Broad Law Firm
    Authors:
    Shouzhi AN , Zhang Xiaofen
    Location:
    China, Hong Kong
    Firm:
    AnJie Broad Law Firm
    Snapshot: A Pauline Action - a timeless Jersey tool for creditors in the context of insolvency
    2025-03-04

    The Pauline Action is a legal mechanism that allows creditors to apply to the Royal Court of Jersey to set aside transactions undertaken by a debtor to defraud or otherwise prejudice them.

    Emirates NBD Bank PJSC v Almakhawi and Others [2024] JRC 256 is the most recent case from the Royal Court to affirm that the Pauline Action, which has its origins in Roman law, remains an effective debt recovery tool for creditors in Jersey.

    Purpose of the Pauline Action

    Filed under:
    Jersey, Insolvency & Restructuring, Litigation, Ogier, Insolvency
    Authors:
    Damian Evans , Cait Bruce
    Location:
    Jersey
    Firm:
    Ogier
    Knocking on different doors: the CJEU’s new roadmap for cross-border claims in insolvency
    2025-03-04

    Key points

    Filed under:
    Belgium, European Union, Netherlands, Insolvency & Restructuring, Litigation, Gatehouse Chambers
    Authors:
    Callum Reid-Hutchings
    Location:
    Belgium, European Union, Netherlands
    Firm:
    Gatehouse Chambers
    Jersey - Creditor-Driven Winding up Regime in Jersey
    2025-03-04

    KEY TAKEAWAYS

    Filed under:
    Jersey, Company & Commercial, Insolvency & Restructuring, Litigation, Walkers, Insolvency
    Location:
    Jersey
    Firm:
    Walkers

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 15
    • Page 16
    • Page 17
    • Page 18
    • Current page 19
    • Page 20
    • Page 21
    • Page 22
    • Page 23
    • …
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days