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    Litigation 2024 round-up and 2025 outlook
    2024-12-03

    2024 Any questions?

    Filed under:
    New Zealand, Company & Commercial, Insolvency & Restructuring, Litigation, Russell McVeagh, Climate change, ESG, Greenwashing, Fair Trading Act 1986 (New Zealand), Employment Relations Act 2000 (New Zealand)
    Location:
    New Zealand
    Firm:
    Russell McVeagh
    TGIF 29 November 2024 - Challenging examinations in aid of cross-border insolvency proceedings
    2024-11-29

    IE CA 3 Holdings Ltd and IE CA 4 Holdings Ltd (Companies) were two Canadian registered companies whose directors were located outside of Canada. The Companies’ parent company, Iris Energy Limited (Iris), was listed on NASDAQ and had its registered office in Melbourne and principal place of business in Sydney, with three of its six directors located in New South Wales.

    Filed under:
    Australia, Canada, New South Wales, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth, NASDAQ, Corporations Act 2001 (Australia)
    Authors:
    Michael Kimmins , Daniel Byrne
    Location:
    Australia, Canada
    Firm:
    Corrs Chambers Westgarth
    中国における破産に関する近時の傾向
    2024-11-28

    1 増加する破産案件

    中国の最高人民法院は、2016年8月より「全国企業破産 重整案件情報網」というHPにおいて、全国の破産案件に 関する情報を公開しているが、当該HPにて1年ごとに破 産審査案件数及び破産案件数を検索した結果は以下の表 のとおりである。これを見ると、中国の破産案件数は近 時増加の一途をたどっていることがはっきりと見て取れ る。

    http://pccz.court.gov.cn/pcajxxw/index/xxwsy 

    2 中国の倒産制度

    Filed under:
    China, Insolvency & Restructuring, Oh-Ebashi LPC & Partners
    Authors:
    Ryo Matsumoto
    Location:
    China
    Firm:
    Oh-Ebashi LPC & Partners
    LEXIA Insight: impatti del Correttivo-ter al Codice della Crisi - Il Concordato Semplificato, gli Accordi di ristrutturazione dei debiti e la Transazione fiscale
    2024-11-27

    Il 27 settembre 2024 è stato pubblicato in Gazzetta Ufficiale il D.Lgs. 13 settembre 2024, n. 136 (“Correttivo-ter”), è il terzo – e attualmente ultimo – Decreto Correttivo al Codice della Crisi d’Impresa e dell’Insolvenza. Il novello decreto correttivo ha apportato modificazioni sostanziali a numerosi istituti del Codice della Crisi.

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, LEXIA Avvocati, Insolvency
    Authors:
    Cristian Fischetti , Matteo Stroppa
    Location:
    Italy
    Firm:
    LEXIA Avvocati
    LEXIA Insight: impacts of the Correttivo-ter on the Crisis Code - simplified composition, debt restructuring agreements, and tax settlement
    2024-11-27

    On September 27, 2024, Legislative Decree No. 136 of September 13, 2024 (“Correttivo-ter”) was published in the Official Gazette. This represents the third—and currently final—Corrective Decree to the Business Crisis and Insolvency Code. The new corrective decree has introduced substantial amendments to several provisions of the Crisis Code. Beyond minor stylistic and detailed adjustments, the Correttivo-ter both incorporates certain practices or clarifies interpretive uncertainties and introduces some highly anticipated innovations for practitioners.

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, LEXIA Avvocati, Insolvency
    Authors:
    Cristian Fischetti , Matteo Stroppa
    Location:
    Italy
    Firm:
    LEXIA Avvocati
    Ashurst Restructuring Roundup
    2024-11-26

    Deeds of Company Arrangement – Insured Claims

    Destination Brisbane Consortium Integrated Resort Operations Pty Ltd as Trustee v PCA (Qld) Pty Ltd (subject to a Deed of Company Arrangement) [2024] QSC 178 ("Destination Brisbane")

    In Destination Brisbane two questions, which concerned the entitlements of insured creditors under a DoCA, arose for consideration in the context of an application for judicial advice:

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Ashurst
    Authors:
    Richard Fisher , Alinta Kemeny , Bernie Walrut , Camilla Clemente , Emanuel Poulos , James Marshall , Jason Salman , Michael Sloan , Ross McClymont , Richard Johnson
    Location:
    Australia
    Firm:
    Ashurst
    Corporate minds do not all think alike: The Supreme Court affirms a purposive approach to the corporate attribution doctrine
    2024-11-20

    Two recent Supreme Court of Canada decisions demonstrate that the corporate attribution doctrine is not a one-size-fits-all approach.

    Filed under:
    Canada, Company & Commercial, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Supreme Court of Canada
    Authors:
    Aya Schechner , Meena Alnajar
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP
    Impacts of the Correttivo-ter on the Crisis Code
    2024-11-20

    On September 27, 2024, Legislative Decree No. 136 of September 13, 2024 (“Correttivo-ter”) was published in the Official Gazette. This is the third—and currently final—Corrective Decree to the Code of Business Crisis and Insolvency.

    The new corrective decree has made substantial changes to all aspects of the Crisis Code. Beyond numerous stylistic and detailed adjustments, the Correttivo-ter both incorporates certain practices or resolves interpretative uncertainties and introduces several long-awaited innovations for practitioners.

    Filed under:
    Italy, Company & Commercial, Insolvency & Restructuring, LEXIA Avvocati, Insolvency
    Authors:
    Cristian Fischetti , Matteo Stroppa
    Location:
    Italy
    Firm:
    LEXIA Avvocati
    A snapshot of the insolvency and business rescue provisions as they relate to co-operatives in South Africa
    2024-11-25

    The provisions governing the winding-up of co-operatives are reflected in the Co-operatives Act No. 14 of 2005 and its regulations.

    How are co-operatives wound up?

    Filed under:
    Africa, South Africa, Insolvency & Restructuring, ENSafrica, Liquidation, Insolvency
    Location:
    Africa, South Africa
    Firm:
    ENSafrica
    Palmer v Sans: Chancery Division [2024] EWHC 2685 (Ch)
    2024-11-20

    Introduction

    In this case the Court applied traditional constructive trust principles to disputed facts in order to determine whether a specific property came within the estate of a bankrupt. It will be of interest to practitioners advising in the area of challenged transfers in the context of insolvency.

    The Trustees in the bankruptcy of Shaun Collins made an application pursuant to s.339 Insolvency Act 1986, to challenge a disposition of land. The land in question was a flat and the disposition was a 2021 transfer of a flat in London.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Gatehouse Chambers
    Authors:
    Lauren Godfrey
    Location:
    United Kingdom
    Firm:
    Gatehouse Chambers

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