On May 6, the U.S. Court of Appeals for the First Circuit reversed a district court’s decision, ruling that American tribes are not exempt from federal law barring suits against debtors once they file for bankruptcy.

１．はじめに

シンガポールの倒産・清算手続については、本News Letterの2020年2月号（第20号）にてシンガポールの会社の 清算手続をご紹介しましたが1 、本号では、シンガポールにお ける外国倒産手続の承認援助手続について、ご紹介しま す。

２．承認援助手続

ある会社につき日本で倒産手続が開始し、その会社が外 国に財産を有している場合、その外国財産は、日本に所在 する財産と同様に、日本の倒産手続により保全されるでしょう か。

日本の破産法、民事再生法及び会社更生法上は、破産管 財人、再生債務者及び更生管財人（以下、総称して「管財人 等」といいます。）の財産管理処分権は外国に所在する財産 にも及ぶとされており（普及主義）、外国財産についても債権 者による個別的権利行使は制限されることになります。

I. Introduction

Wirecard's insolvency administrator has won a first victory before the Munich I Regional Court. On 5 May, the court declared the annual financial statements for 2017 and 2018, which show balance sheet profits totalling around EUR 600 million, null and void. Dividends of around EUR 47 million were distributed to Wirecard's shareholders from these profits, which probably never existed. As a consequence of the nullity of the annual accounts, the resolutions on the utilisation of the balance sheet profits are also null and void.

On May 10, 2022, Talen Energy Supply, LLC, a Texas-based independent power producer founded in 2015, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 22-90054).

Nature abhors a vacuum. Equipment finance abhors bankruptcy. Whether in securitized or large, single-asset financings, financiers structure transactions to be “bankruptcy remote.” This article will discuss a December 2021 bankruptcy court bench ruling that found certain protective provisions to be unenforceable and describe how those provisions might have been devised to survive the court’s scrutiny.

On May 8, 2022, Armstrong Flooring, Inc., a Lancaster, Pennsylvania-based designer and manufacturer of innovative flooring solutions, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-10426).

A Terceira Turma do Superior Tribunal de Justiça (STJ) deu, por unanimidade, parcial provimento ao Recurso Especial n°. 1.933.995 – SP (REsp), interposto em face da decisão proferida pelo Tribunal de Justiça de São Paulo (TJSP), reafirmando o entendimento de julgados anteriores no sentido de que os créditos do proprietário fiduciário não estão sujeitos aos efeitos da recuperação judicial, independentemente da relação do fiduciante ou do fiduciário com o bem imóvel dado em garantia ou com a própria empresa em recuperação.

A Cayman segregated portfolio company, Performance Insurance Company SPC, was placed into official liquidation. The joint liquidators' appointment extended to all of the underlying segregated portfolios (SPs), some of which were solvent and others insolvent. Two of the solvent SPs applied to the Grand Court of the Cayman Islands seeking the appointment of an additional liquidator of the company to separately represent the interests of those solvent SPs on the basis that the original liquidators were conflicted in administering both the solvent and insolvent SPs.

In In re Squirrels Rsch. Labs, LLC, No. 21-61491, 2022 WL 1310173, at *1 (Bankr. N.D. Ohio Apr. 29, 2022), the United States Bankruptcy Court for the Northern District of Ohio recently addressed whether post-sale of the debtors’ assets, a creditor could conduct discovery to investigate the extent of a secured creditor’s liens in order to amend the distribution of the sale proceeds. Under the facts of this case, the bankruptcy court denied the creditor’s request.