March, 2024 For Private Circulation - Educational & Informational Purpose Only A BRIEFING ON LEGAL MATTERS OF CURRENT INTEREST KEY HIGHLIGHTS * NCLT: Corporate insolvency resolution process cannot be initiated under Section 7 of IBC based on transfer agreement for purchase of debentures from financial creditors. ⁎ NCLAT: Security for refund of advance amount cannot change the nature of transaction for supply of goods into financial debt.
Die Marktbedingungen werden zunehmen schwieriger, und die Restrukturierungswelle hat Deutschland erreicht. Der Strukturwandel stellt viele deutsche Unternehmen immer wieder vor neue Herausforderungen und erfordert es, Prozesse und Strategien flexibel anzupassen. Parallel erhöht die Zeitenwende im Finanzierungsumfeld den Druck der Geldgeber: Geschäftsmodelle müssen krisenfest gestalten sein, dabei sollen Kosten gesenkt werden - und gleichzeitig ist es erforderlich, sich langfristig zukunftsfähig aufzustellen.
１．背景
2020年5月より「会社更生及び破産法（以下、改正破産法）」が施行されています（詳細は2020年6月5日付のニュースレターをご参照ください）。管財人に関しては、改正破産法の第32条から第36条に規定がありますが、管財人に対する職業訓練、報酬、責務に関するより詳細な規定と財産管理サービスを提供する事業者（以下、「管財人サービス会社」）に関する新たな規定を加えた「管財人及び管財人サービス会社に関する司法省大臣合意（No329）（以下、「合意」）」が2024年3月18日付で発行されました。合意は、2024年5月1日から有効となります（合意第28条）。
２．管財人の基準と条件
日本の場合、破産管財人は弁護士である必要がありますが、ラオスの場合、以下の基準と条件を満たすことで管財人となることが可能です（合意第4条）。
（１）法律、会計、監査又は学士以上経営学を習得し、少なくとも3年の実務経験があること
（２）管財人になるための職業訓練を受講すること
Junior debt – sometimes referred to as subordinated debt, occasionally talked about as mezzanine debt – is referred to as such because it ranks behind other, more senior, debt owing by the same borrower. Junior creditors can come in many different shapes and sizes and can include shareholder lenders and specialist debt investors or funds.
Russell Crumpler & Christopher Farmer (as Joint Liquidators of Three Arrows Capital Ltd (in Liquidation)) v Three Arrows Capital Ltd (in Liquidation) and BVIHC (Com) 2022/0119 (unreported 26 July 2023)
The real estate industry forms a significant portion of the flourishing Indian economy. However, it is also plagued with inordinate delays, cash-flow issues and anguished homebuyers. The Insolvency and Bankruptcy Board of India (“IBBI”) has recently added to the array of steps being taken to address these issues.
Over the years, I’ve heard lots of people say, “Bankruptcy abuse is a huge problem,” as a self-evident and undeniable proposition.
But here’s the thing. Debtors who try to abuse the bankruptcy system rarely get away with it. That’s because there are too many gatekeepers—and no debtor can fool them all!
The gatekeepers are debtor’s counsel, creditors and their attorneys, U.S. Trustees, bankruptcy courts, and appellate courts.
This is the second of a multi-part series of articles on how gatekeepers prevent abuse. This article focuses on creditors and their attorneys.
For most businesses, a decision to undertake an organisational change can mean a reduction in operational costs, a reduction in roles, an increase in efficiencies and streamlined decision-making. However, the announcement of a restructure can often leave staff of all levels feeling tense and uncertain. Effectively navigating organisational change is not something that happens by chance, it requires a clear plan, effective communication and a recognition of risks.
This article will help employers plan for organisational change, identify risks and manage communication.
New Zealand needs to consider promoting passive overseas investment in developed assets. We are pleased to see that the New Zealand Government has signalled changes to allow for foreign investment in established build-to-rent developments (while still retaining the residential restrictions more generally).
I dagarna har konkursen i Componenta Främmestad AB avslutats. Bolaget försattes i konkurs under hösten 2019 varvid Jonas Premfors utsågs till konkursförvaltare.
Bolaget har haft en årsomsättning om ca 800 mkr och utgjort ett dotterbolag inom den finska börsnoterade Componenta-koncernen. Verksamheten har bestått i tillverkning av chassikomponenter till den tunga fordonsindustrin med kunder i ett antal europeiska länder samt i Australien och Sydamerika.