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.
Anti phoenix licensing provisions are catching Security of Payment culprits and victims.
Anti phoenix licensing provisions are catching Security of Payment (SOP) culprits and victims in a Covid-19 ‘perfect storm’. These provisions are designed to prevent people from lawfully and personally contracting if they are associated with company collapses. This also includes being meaningfully involved with the contracting companies.
In 2021, several significant judicial decisions were rendered across Canada relevant to commercial lenders, businesses and restructuring professionals. This comprehensive report summarizes the key facts and core issues of importance in each case and provides status updates on the cases reported on in our February 2021 bulletin, Key Developments in Canadian Insolvency Case Law in 2020.
第１ はじめに
強制執行とは、主に、民事裁判で確定された権利を実現す るため、民事執行法に基づく手続のことです。強制執行といっ ても、債権者が有する権利の内容に応じて、様々な方法が用 意されており、大別すると、金銭の支払を目的とする権利のた めの手続（金銭執行）と、金銭の支払を目的としない権利のた めの手続（非金銭執行）に分けることができます。金銭の支払 を目的とする権利としては、例えば、貸金返還請求権がありま すが、交通事故でケガをしたとして、加害者に治療費などを求 める損害賠償請求権も、これに該当します。他方で、金銭の支 払を目的としない権利としては、例えば、契約に基づき家具の 製造を求める権利などがあり得ます
企業法務では、一般に、金銭の支払を求める権利の実現 （債権回収）が問題となるため、本稿では、強制執行のうち、金 銭執行に焦点を当てて、簡単な解説をさせていただきます。
第２ 金銭執行の準備
１ 債務名義と執行文
The Hungarian government issued a decree that amends certain provisions of the bank's liquidation proceedings. The decree entered into force on 15 April 2022 and affects the solvent liquidation of Sberbank Hungary, a subsidiary of Sberbank Europe AG, the Hungarian member of the Russian Sberbank group.
Insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 are overseen by the relevant adjudicating authority. The National Company Law Tribunal (NCLT) is the adjudicating authority involved in the insolvency proceedings of companies and Limited Liability Partnerships (LLPs), which are referred to as corporate debtors[1]. To initiate the Corporate Insolvency Resolution Process (CIRP) against a corporate debtor, the NCLT bench having territorial jurisdiction over the debtor’s registered office must be approached[2].
Good evening.
Following are this week’s summaries of the civil decisions of the Court of Appeal for Ontario for the week of May 2nd, 2022.
In Poirier v. Logan, the Court upheld the permanent stay of an action for failure to disclose a partial settlement agreement with some of the defendants.
This week’s TGIF considers an interlocutory decision of Ball J in the NSW Supreme Court in Aqua Botanical Beverages (Australia) Pty Ltd v Botanical Water Technologies Pty Ltd [2022] NSWSC 435, in which the Court dismissed an application to add an oppression claim where the company went into liquidation after commencing proceedings.
Key Takeaways