What does it mean to own something? When should the law acknowledge that somebody really owns something, even if they don't formally own it?

And when will courts recognize the economic reality that one person — say, a judgment debtor — in truth owns something, notwithstanding that person's painstaking efforts to keep formal legal title in the hands of others?

The law has long recognized doctrines to disregard the existence, or pierc the veil, of corporate entities to which a debtor has transferred assets.

mourant.com 2021934/84097043/2 GUIDE Insolvency procedures for Guernsey companies Last reviewed: February 2023 Contents Introduction 2 Modern corporate insolvency proceedings 2 Administration 2 Liquidation 3 Voluntary liquidation 3 Compulsory liquidation 4 Scheme of arrangement 5 Statutory process 5 Three-stage mechanism 5 Approval and challenges 5 Receivership 5 The traditional procedures 6 Désastre 6 Saisie 6 Out-of-court restructurings and consensual workouts 7 Conclusion 7 Contacts 7 2 mourant.com 2021934/84097043/2 Introduction Guernsey law provides a number of ways to ensure an orderl

Last week HM Treasury published its much anticipated consultation paper on introducing a dedicated Insurer Resolution Regime (IRR) in the UK, which would implement key international standards.

Bankruptcy benefits for individual debtors are a tough sell—always have been. That’s because no one likes bankruptcy—unless they need it.

But relieving people from debts in unfortunate circumstances is essential to our collective way of life in these United States. That’s always been true.

What follows is the third of three installments on some history of bankruptcy laws through the ages, beginning with ancient times—and to the present in these United States.

Bankruptcy Code

Due to their clear structure and organisation, insolvency proceedings are ideally suited for digitalisation processes. It is therefore more than surprising that despite Austria's pioneering role in the digitalisation of the justice system with its Justice 3.0 project, there has been no significant development in the expansion of digitalisation in insolvency proceedings since the early 2000s. The situation is different in Croatia, however, where the new Insolvency Act came into force in 2015 and was used as an opportunity to open the path towards digitisation.

Recently, the National Company Law Appellate Tribunal (“NCLAT“), in the case of Dharmindra Constructions Private Limited and Anr. vs.

Background

The Corporate Enforcement Authority (“CEA”) has issued its first information note of 2023 on the topic of the European Union (Preventative Restructuring) Regulations 2022 (the “Regulations”) which came into effect on 27 July 2022 (the “Information Note”).

UK Restructuring A YEAR IN RETROSPECT 2 Contents Introduction Birmingham London North West Yorkshire UK team UK Restructuring Employment UK Restructuring Section Header Section Header Contents 3 Robert Russell UK Head of Restructuring +44 (0)161 235 4147 [email protected] 2022 – Unpredictable circumstances It would be fair to say that 2022 was not an easy year.

Introducción

Esta edición tiene esta vez bastante contenido interesante entre el que destacamos:

2016年破産倒産法の下では、企業債務者が債務の弁済ができない場合、倒産処理手続き（CIRP）が開始され、再建計画の募集により企業債務者の再生を試みます。その後、当該再生手続が失敗に終わった場合、企業債務者は清算されることになります。法は、CIRPにおいては「管財人」が企業債務者の再生と再構築に取り組み、これが失敗した場合に、清算人が企業債務者の支配者となり、企業債務者の資産を売却してその収益を分配し、解散を申請する、と定めています。清算人は、管財人は異なるいくつかの特別な権限を有しています。

R.K. Industries (Unit-II) LLP v. HR Commercials Pvt. Ltd.（R.K. Industries Case）において、最高裁判所は、企業債務者の資産の売却方法に関する清算人の商業的英断は、倒産裁判所の限定的な司法審査の対象となることを明確にしました。

Brief facts - 概要