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    Knapheide Hydraulik Systeme will sich in Eigenverwaltung sanieren
    2022-11-28

    Die produzierende Industrie in Deutschland wird derzeit durch massive Materialpreis- und Energiekostenerhöhungen aufgrund der mittelbaren Folgen der Corona-Pandemie, gestörten Lieferketten und dem Ukrainekrieg erheblich in Mitleidenschaft gezogen.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, GÖRG Partnerschaft von Rechtsanwälten
    Authors:
    Dr. Thorsten Bieg , Dr. habil. Gerrit Hölzle , Dr. Mike Westkamp , Tim Beyer , Karl-Friedrich Curtze , Stefan Liese , Dr. Frank Wilke , Burkhard Fabritius
    Location:
    Germany
    Firm:
    GÖRG Partnerschaft von Rechtsanwälten
    FTX破產 初估全台逾50萬人受害 金管會提出三大說明
    2022-11-28

    曾為全球第二大加密幣交易所FTX於2022年11月11日聲請破產,旋即爆發大量投資人擠兌,據悉三星電子、淡馬錫控股等機構的投資人都成受災戶,另初估有超過50萬以上的臺灣投資人受害。

    就此,金管會銀行局林志吉副局長提出三大說明。第一,金管會重申,鑑於虛擬資產交易資訊相對不透明、價格波動較大且投資風險較高,投資人無論透過境內外虛擬資產平台或私底下進行交易,都務必提高警覺,審慎判斷相關資訊真偽並評估投資風險。第二,目前除了具證券性質的虛擬通貨(STO)是證券交易法所稱的「有價證券」,應遵循證交法相關規定外,其他種類虛擬通貨或衍生的其他商品都不是金管會核准發行的金融商品。第三,FTX是在境外的加密貨幣交易平台,並非金管會核准設立或監督管理的機構,相關商品也是在境外交易,但金管會仍將持續關注後續發展,並了解國際上相關主管機關對此事的看法及處理方式。

    Filed under:
    Taiwan, Capital Markets, Insolvency & Restructuring, IT & Data Protection, Formosa Transnational Attorneys at Law
    Location:
    Taiwan
    Firm:
    Formosa Transnational Attorneys at Law
    Knapheide Hydraulik Systeme plans to restructure in self-administration
    2022-11-28

    The manufacturing industry in Germany is currently being severely affected by massive increases in material prices and energy costs due to the indirect consequences of the Corona pandemic, disrupted supply chains and the Ukraine war.

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, GÖRG Partnerschaft von Rechtsanwälten, Supply chain, Insolvency
    Authors:
    Dr. Thorsten Bieg , Dr. habil. Gerrit Hölzle , Dr. Mike Westkamp , Tim Beyer , Karl-Friedrich Curtze , Stefan Liese , Dr. Frank Wilke , Burkhard Fabritius
    Location:
    Germany
    Firm:
    GÖRG Partnerschaft von Rechtsanwälten
    Claims Agents Beware: Business Arrangement With Claims-Trading Platform Raises Court’s Concern
    2022-11-28

    Online claims-trading platform Xclaim Inc. came under scrutiny this past summer in the Madison Square Boys & Girls Club Inc. bankruptcy case pending in the United States Bankruptcy Court for the Southern District of New York. Since at least 2019, Xclaim has executed agreements with at least five notice and claims agent firms to synchronize their proofs of claim registers with Xclaim’s website where such claims are posted for sale.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Squire Patton Boggs
    Authors:
    Kyle F. Arendsen
    Location:
    USA
    Firm:
    Squire Patton Boggs
    Why liquidation isn’t the panacea to disputes with the VAT man
    2022-11-23

    Having experienced first-hand HMRC’s attempts to combat serious tax losses, one of the features of tax litigation over the last 15 years has been the prevalence of so-called ‘Kittel’ cases. These are cases in which HMRC seeks to deny repayments of VAT to companies buying goods in circumstances where HMRC has identified a fraud further up the supply chain, often many companies distant. They can involve significant amounts of VAT and form a substantial pillar of HMRC’s compliance strategy.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Tax, Keystone Law, Supply chain, HM Revenue and Customs (UK)
    Authors:
    Martin O’Neill
    Location:
    United Kingdom
    Firm:
    Keystone Law
    Prevention is better than cure when managing global supply chain issues in the retail and consumer sector
    2022-11-23

    Early contingency planning can significantly reduce the shock of service provider/supplier insolvency in service/supply chains

    In early November 2022, Made.com entered administration. Little over a year ago Made.com had floated with a valuation of £775 million. In mid-November 2022, Joules entered administration. Joules has 132 stores and around 1,700 employees.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Projects & Procurement, Osborne Clarke, Supply chain, Insolvency
    Authors:
    Douglas Hawthorn , Will Gunston
    Location:
    United Kingdom
    Firm:
    Osborne Clarke
    Removing the façade: A look behind the Building Safety Act 2022
    2022-11-23

    It is five years since the tragic Grenfell disaster but defective cladding/dangerous living conditions and fire safety are still very much hot news. But, you may be asking, why is this relevant to insolvency practitioners?

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Kingsley Napley, Mediation, Cladding, Insolvency, Building Safety Act 2022 (UK)
    Authors:
    Daniel Staunton
    Location:
    United Kingdom
    Firm:
    Kingsley Napley
    What is the Legislative Framework for Insolvency in the United Arab Emirates?
    2022-11-24

    The legislative framework for insolvency and bankruptcy in the United Arab Emirates is codified under the two following laws.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Hassan Elhais
    Authors:
    Dr. Hassan Elhais
    Location:
    United Arab Emirates
    Firm:
    Hassan Elhais
    Summary winding up under the Companies (Jersey) Law 1991
    2022-11-24

    A summary winding up is the procedure used to wind up a solvent Jersey company under the Companies (Jersey) Law 1991 (the 1991 Law). 

     

    This guide examines the procedure for carrying out a summary winding up. 

    Steps

    The steps necessary to carry out a summary winding up are as follows:

    Filed under:
    Global, Jersey, Company & Commercial, Insolvency & Restructuring, Mourant, Articles of association
    Authors:
    Gareth Rigby , Mark Chambers , Robert Hickling
    Location:
    Global, Jersey
    Firm:
    Mourant
    Funds Insider | Issue 7
    2022-11-24

    This edition will cover:

    Filed under:
    Italy, Luxembourg, United Kingdom, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, Ashurst, ESG, Insolvency, COP27
    Location:
    Italy, Luxembourg, United Kingdom
    Firm:
    Ashurst

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