Monthly Newsletter July 2024
Restructuring and Insolvency
Les hpitaux aux urgences La procdure concordataire comme possible outil d'assainissement
Josef Caleff, Olivia Wipf
Key Take-aways
1. De plus en plus d'hpitaux suisses se trouvent dans une situation financire difficile en raison de l'augmentation des cots.
2. Le conseil d'administration, en tant qu'organe de direction suprme d'un hpital organis sous forme de socit anonyme, est tenu d'examiner et, le cas chant, si ncessaire, de prendre des mesures d'assainissement.
File your proof of claim before the bar date. That’s a principle every creditor in a bankruptcy case should adhere by. But on June 7, 2024, the United States Bankruptcy Court for the Southern District of New York may have increased the degree of diligence parties need to conduct to determine whether they are a potential creditor in a case and therefore required to file a proof of claim.
Monthly Newsletter July 2024
Restructuring and Insolvency
Spitler auf der Notfallstation das Nachlassverfahren als mgliches Sanierungsinstrument
Josef Caleff, Olivia Wipf
Key Take-aways
1. Immer mehr Schweizer Spitler befinden sich aufgrund steigender Kosten in einer finanziellen Notlage.
2. Der Verwaltungsrat als oberstes Fhrungsorgan eines als Aktiengesellschaft organisierten Spitals ist verpflichtet, Sanierungsmassnahmen zu prfen und ntigenfalls zu ergreifen.
Monthly Newsletter July 2024
Restructuring and Insolvency
Hospitals in the emergency room debt restructuring proceedings as a possible restructuring instrument
Josef Caleff, Olivia Wipf
Key Take-aways
1. More and more Swiss hospitals are finding themselves in situations of financial distress due to rising costs.
2. It is the duty of the board of directors as the highest management body of a hospital organized as a Swiss stock corporation to assess and, if necessary, adopt restructuring measures.
The Abu Dhabi Global Market (the “ADGM”) courts have recently handed down their decision in NMC Healthcare Limited & Others v Shetty & Others ([2024] ADGMCFI 0007). The decision deals with several important principles in relation to fraudulent/wrongful trading liabilities under ADGM law. Given the ADGM re-domiciliation (or continuation) regime, enabling companies incorporated elsewhere to be redomiciled to ADGM with relative ease, the decision is likely to be of interest beyond the borders of the ADGM.
Welcome to our guide on navigating legal procedures in Ontario. Whether you're a local business or a foreign entity operating in the province, understanding the legal landscape is essential for protecting your interests.
The complexities of litigation and debt collection can be daunting, but with the right insights and preparation, you can confidently manage these challenges. Let's explore the essentials.
Understanding the basics
Ligon 158 Pty Ltd v Shield Holdings Australia Pty Ltd [2024] FCA 144
A recent decision of the Federal Court of Australia has confirmed the Court’s power to make an order suspending limitation periods applicable to claims against a deregistered company when ordering its reinstatement under s 601AH of the Corporations Act 2001 (Cth) (the Act).
La Audiencia Provincial de Barcelona se pronuncia por primera vez respecto a la impugnación de la homologación de un plan de reestructuración y desestima las demandas de impugnación interpuestas contra el Auto de homologación del plan de reestructuración presentado por la papelera J. Vilaseca, S.A.
In a groundbreaking ruling, the Court of Appeal for British Columbia recently delivered a decision that is poised to significantly influence insolvency proceedings. The case, cited as British Columbia v. Peakhill Capital Inc., 2024 BCCA 246, marks the first time an appellate court has addressed the jurisdiction and appropriateness of reverse vesting orders (RVOs) in receivership contexts. This ruling provides crucial insights into the court's reasoning and its implications for legal and non-legal professionals alike.
Background and core issue
What happens to a company at the end of an administration is a question that probably only keeps insolvency anoraks up at night.
There are a limited number of potential options, with the rescue of the company as a going concern being the number one objective to which all administrators aspire. However, more often than not, an administration will end with the company entering liquidation or, where the company has no property to permit a distribution to creditors, the dissolution of the company.