Introduction
In a landmark decision issued in July, Re Leading Holdings Group Limited [2023] HKCFI 1770, the Hong Kong Courts addressed, for the first time, the right of an investor of a global note to present a winding-up petition as a contingent creditor.
The Case
The relevant company was incorporated in the Cayman Islands and was listed on the Hong Kong Stock Exchange. It issued 12% Senior Notes which were due in 2022 and the petitioner was the beneficial owner of a sub-interest in those notes.
The NSW Court of Appeal has allowed Garuda Indonesia to invoke sovereign immunity to foil an insolvency proceeding brought by aircraft lessor Greylag Goose Leasing.
The Court’s decision is Greylag Goose Leasing 1410 Designated Activity Company v P.T. Garuda Indonesia Ltd [2023] NSWCA 134 (14 June 2023) (Bell CJ, Meagher JA and Kirk JA agreeing).
Indonesia Authors: Jeanne E. Donauw and Hans Adiputra Kurniawan 1. KPPU Regulation No. 3 of 2023 and Government Regulation No. 20 of 2023: New Merger Filing Regulation and Fees The Indonesian Business Competition Supervisory Commission – Komisi Pengawas Persaingan Usaha (“KPPU”) issued KPPU Regulation No. 3 of 2023 (“Reg 3 of 2023”) as a new merger filing regulation, replacing, and revoking the previous regulation on the same matter, namely KPPU Regulation No. 3 of 2019 (“Reg 3 of 2019”).
With the on-going shortage of construction workers in the industry and other factors ranging from weather to procurement problems, the threat of project delay is real. When a contract contains a liquidated damages clause for assessing project delays, real financial consequences for contractors can result. Courts have long allowed parties to apportion contractual risks as they deem appropriate especially in the commercial context where the parties are considered to be sophisticated even if their bargaining power is not equal.
As a partner in Irwin Mitchell's Restructuring & Insolvency team, I have witnessed the challenges that businesses in the UK are currently facing. The decline in consumer demand has left many companies scrambling to cut costs and find innovative ways to survive. Recent research conducted by BDO, the accountancy firm, reveals that 57% of medium-sized businesses in the UK see the drop in Britons' spending as one of their biggest hurdles over the next six months.
Передісторія до справи про неплатоспроможність
Як і багато інших, на початку 2008 року клієнт проєкту отримав іпотечний кредит в сумі 150 тис. дол. США (приблизно 750 тис. грн) для купівлі житла. Однак вже восени 2008 року Україна відчула наслідки світової фінансово-економічної кризи, що призвело до нестабільності курсу національної валюти та збільшення кількості проблемних кредитів.
Only a year ago, Slovakia transposed EU Directive 2019/2023 on preventive restructuring frameworks with an intention to reform insolvency proceedings and make them more effective.
第１ はじめに
国際契約を中心に、契約書に仲裁条項が設けられることは 珍しくありません。仲裁条項のある契約について紛争が生じた 場合、裁判所ではなく合意された仲裁機関での紛争解決が 試みられます。では、このような仲裁条項のある契約について、 一方当事者が倒産した場合、仲裁条項は引き続き有効でしょ うか。仲裁という当事者間の合意を重視する手続と、倒産とい う強行法規的に一律かつ集団的な調整を行う手続とは、相 互に相反するようにも見受けられます。仲裁と倒産の関係につ いては、国際的にも大きな議論があるところですが、以下で は、仲裁条項のある契約につき、海外の契約相手が破産した 場面を想定して、基本的な考え方を概観したいと思います。
第２ 仲裁合意は破産管財人を拘束するか
一般的な仲裁条項は、例えば、以下のような条項であり、契 約に関するあらゆる紛争は、合意された仲裁条項に基づき、 合意された仲裁機関（下記の例では、シンガポール国際仲裁 センター）で仲裁により最終解決されます。
In the recent decision in N.Chanthiran a/l Nagappan v Kao Che Jen [2023] 5 MLRA 247, the Federal Court had the occasion to put to rest, the question of whether leave of court is required for the commencement of proceedings against a court appointed liquidator. In this regard, the Federal Court clarified that leave of court is indeed required.
Brief Facts