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    Prórroga de la moratoria concursal hasta el 31 de diciembre de 2021 y aprobación de medidas económicas y procesales adicionales
    2021-03-17

    El Real Decreto-ley 5/2021, de 12 de marzo, de medidas extraordinarias de apoyo a la solvencia empresarial en respuesta a la pandemia del Covid-19, se ha aprobado con el fin de proteger el tejido productivo y evitar un impacto estructural sobre la economía tras la significativa reducción de ingresos de muchas empresas y autónomos.

    Filed under:
    Spain, Insolvency & Restructuring, Herbert Smith Freehills LLP, Coronavirus
    Location:
    Spain
    Firm:
    Herbert Smith Freehills LLP
    To ask or not to ask? That is the question
    2020-11-06

    In Joint And Several Provisional Liquidators Of Hsin Chong Construction Co Ltd (Provisional Liquidators Appointed) v.

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP
    Authors:
    Gareth Thomas , Alexander Aitken , Peter Ng
    Location:
    Hong Kong
    Firm:
    Herbert Smith Freehills LLP
    The Omnibus is finally here: changes to Singapore’s insolvency laws
    2020-07-30

    Singapore’s Insolvency, Restructuring and Dissolution Act (the “IRDA“), together with 48 pieces of subsidiary legislation, comes into force today, 30 July 2020 (available here).

    Filed under:
    Singapore, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Coronavirus
    Authors:
    Jamie McLaren
    Location:
    Singapore
    Firm:
    Herbert Smith Freehills LLP
    COVID-19: Governance - Changes to UK insolvency law undermine position of DB schemes and the PPF (UK)
    2020-05-28

    The Government on 20 May 2020 published the Corporate Insolvency and Governance Bill, which contains the most far-reaching reforms to UK insolvency law in over 30 years. The Bill has been introduced on an emergency basis in an attempt to ensure that otherwise financially viable companies survive during a period of unprecedented interruption and turmoil.

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Coronavirus
    Authors:
    Rachel Pinto , John Whiteoak , Tim Smith
    Location:
    United Kingdom
    Firm:
    Herbert Smith Freehills LLP
    Covid-19 pressure points: Africa - business rescue and insolvency in the OHADA region
    2020-03-25

    A mere few weeks ago, the hypothesis that the COVID-19 virus would not affect the African continent was still being widely propagated. The theory that the virus does not survive in warm weather has since been debunked and the number of African countries that have recorded confirmed cases of coronavirus is growing rapidly. On 18 March 2020, the Director-General of the World Health Organisation, Tedros Adhanom Ghebreyesus, warned that Africa has to prepare for the worst.

    Filed under:
    Africa, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Coronavirus
    Authors:
    Olivier Binyingo , Bertrand Montembault
    Location:
    Africa
    Firm:
    Herbert Smith Freehills LLP
    Classic cross-border cooperation: joint court hearings in the Halifax insolvency
    2019-09-06

    On 22 August 2019, the Federal Court of Australia (FCA) held that it could make a request to the New Zealand High Court (NZHC) that there be a joint hearing of those courts in respect of applications relating to the pooling of various funds held by companies subject to Australian and New Zealand liquidations, respectively.

    Such a ‘letter of request’ could be issued by the FCA to a foreign court in the context of an Australian insolvency process pursuant to section 581 of the Corporations Act 2001 (Cth) (Corporations Act).

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Corporations Act 2001 (Australia), UNCITRAL, Federal Court of Australia
    Authors:
    Paul Apáthy
    Location:
    Australia
    Firm:
    Herbert Smith Freehills LLP
    The Asia-Pacific Restructuring Review 2019 - Australian Chapter
    2018-10-25

    Global Restructuring Review is a leading source of news and insight on cross-border restructuring and insolvency law and practice, read by international lawyers, insolvency practitioners and accountants, judges, corporate counsel, investors and academi

    Filed under:
    Australia, Insolvency & Restructuring, Herbert Smith Freehills LLP
    Location:
    Australia
    Firm:
    Herbert Smith Freehills LLP
    SEITTSA Takes Over Control of the Cartagena- Vera and Alicante Ring-Road Sections of the AP-7 Toll Motorway
    2018-04-03

    The Cartagena-Vera and Alicante Ring-road sections of the AP-7 motorway are therefore handed back to the state, after Commercial Court 6 of Madrid approved the concessionaire's liquidation plan.

    Filed under:
    Spain, Insolvency & Restructuring, Projects & Procurement, Herbert Smith Freehills LLP
    Authors:
    Ignacio Paz , Miguel Riaño , Iria Calviño
    Location:
    Spain
    Firm:
    Herbert Smith Freehills LLP
    Dos & don'ts ante un preconcurso | the dos & don'ts of pre-insolvency
    2017-09-14

    Javier de Carvajal, socio co-responsable de la práctica de Restructuraciones y concursal de la oficina de Madrid, nos da una visión práctica y ciertas recomendaciones en el caso de que una contraparte inste el preconcurso de acreedores. Nos explica qué se debe hacer y qué no debe hacerse ante esa situación, y analiza las implicaciones de cara a buscar la máxima protección posible ante un eventual concurso de acreedores de la contraparte.

    Filed under:
    Spain, Insolvency & Restructuring, Herbert Smith Freehills LLP
    Authors:
    Javier de Carvajal
    Location:
    Spain
    Firm:
    Herbert Smith Freehills LLP
    Singapore and Delaware courts adopt Guidelines for Communication and Cooperation between Courts in Cross-Border Insolvency matters
    2017-02-14

    On 1 February 2017, the Supreme Court of Singapore and the United States Bankruptcy Court for the District of Delaware announced that they will formally implement the Guidelines for Communication and Cooperation between Courts in Cross-border Insolvency Matters ("Guidelines").

    Filed under:
    Singapore, USA, Delaware, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, United States bankruptcy court, US District Court for District of Delaware
    Authors:
    Alastair Henderson , Paul Apáthy , Emmanuel Chua
    Location:
    Singapore, USA
    Firm:
    Herbert Smith Freehills LLP

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