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    Regional Round-Up 2023 (Year in Review Edition): Myanmar
    2024-02-06

    Introduction

    Throughout the year, we have been keeping you up to date on noteworthy developments across the region with our Regional Round-up Publications. As we enter 2024, we are pleased to share with you our 2023 year-in-review of the Regional Round-up for our Regional Offices in the Rajah & Tann Asia network.

    Filed under:
    Asia-Pacific, Myanmar, Banking, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Public, Tax, Trade & Customs, Rajah & Tann Asia, Foreign direct investment, Electric vehicle
    Location:
    Asia-Pacific, Myanmar
    Firm:
    Rajah & Tann Asia
    Is It OK to Mediate A Mass Tort Bankruptcy Plan Without Including Insurers Who Must Provide Plan Payments? (In re Imerys & Cyprus)
    2024-02-06

    Here’s a due process question that’s percolating before the U.S. Supreme Court and a related mediation issue:

    Filed under:
    USA, Nebraska, Arbitration & ADR, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Mediation, Supreme Court of the United States
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    Companies’ Creditors Arrangement Act (CCAA) filings by the numbers: A deep dive into 2023 filings
    2024-02-05

    There were 64 filings under the Companies’ Creditors Arrangement Act (Canada) in 2023, which is an approximately 64% year-over-year increase. While this surge is interesting in and of itself, we believe that the volume of 2023 CCAA filings is also notable for the rich data it makes available to insolvency professionals. We used this opportunity to better understand how the CCAA was being employed by reviewing each filling.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Miller Thomson LLP
    Location:
    Canada
    Firm:
    Miller Thomson LLP
    Wat betekent een faillissement voor lopende overeenkomsten?
    2024-03-05

    Het aantal faillissementen van bedrijven is in het afgelopen jaar met 52% toegenomen ten opzichte van 2022. In het hele jaar 2023 zijn er in totaal 3.271 ondernemingen failliet gegaan en de verwachting is dat het aantal faillissementen alleen maar zal toenemen in 2024.

    Filed under:
    Netherlands, Company & Commercial, Insolvency & Restructuring, Kneppelhout
    Authors:
    Jan Hendrik Vogelsang
    Location:
    Netherlands
    Firm:
    Kneppelhout
    CIRP Amendments: Positive Stride Towards Enhancing Framework
    2024-03-05

    The Insolvency and Bankruptcy Board of India (IBBI), vide notifications dated February 12, 2024, and February 15, 2024, amended the IBBI (Liquidation Process) Regulations, 2016,[1] and the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016,[2] respectively, in order to streaml

    Filed under:
    India, Insolvency & Restructuring, Real Estate, Fox Mandal, Liquidation, Insolvency, Insolvency and Bankruptcy Board of India
    Authors:
    Jayaprakash Padmanaban
    Location:
    India
    Firm:
    Fox Mandal
    Additional Caution Required for Insolvency Practitioners Relying on Companies House Filings
    2024-03-05

    Over the past week, reports have emerged about filings that have been made at Companies House marking a charge as satisfied, without the company's or relevant lender's knowledge.

    There were rumours last week, which were simply that, because Companies House had not publicly announced any issue, but, as we have seen over the weekend and is now widely reported in the news, it appears that there have been at least 800 erroneous filings.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Squire Patton Boggs
    Authors:
    John Alderton , Russ Hill , Monika Lorenzo-Perez , Charlotte Møller , Devinder Singh , Vanessa Stuart
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs
    Frost v Good Box Co Ltd remuneration
    2024-03-06

    Jeremy Charles Frost & Anor v The Good Box Co Labs Ltd & Ors [2024] EWHC 422 (Ch) is a rare case about office-holders’ remuneration that raises some interesting points, although one at least is specific to the nature of the application before the court.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Wedlake Bell, Insolvency, Companies Act 2006 (UK)
    Authors:
    Sam Fenwick
    Location:
    United Kingdom
    Firm:
    Wedlake Bell
    Water special administration regime - what are the key changes?
    2024-03-06

    Like many other strategically important sectors, there has long been a bespoke insolvency regime for the water sector. New legislation has been brought into effect in early 2024 as a first step to bringing the special administration regime for water (the SAR) up to date with the general UK insolvency regime.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Freshfields Bruckhaus Deringer
    Authors:
    Emma Gateaud , Frederick Money , Oliver Schonle
    Location:
    United Kingdom
    Firm:
    Freshfields Bruckhaus Deringer
    Portugal tem um novo apoio financeiro à formação profissional - "qualifica on"
    2024-03-06

    As empresas portuguesas que registem paragens na produção, por motivos de reestruturação da organização produtiva, podem candidatar-se a um apoio financeiro aos custos suportados com formação e encargos salariais.

    A Portaria n.º 367/2024 de 29 de fevereiro criou o programa “Qualifica On” que permite aos empregadores portugueses obter um incentivo financeiro pelos custos suportados com formação dos seus trabalhadores e com encargos salariais (remuneração, contribuições sociais e subsídio de alimentação).

    Filed under:
    Portugal, Insolvency & Restructuring, MdME
    Authors:
    Ana Santos Paiva
    Location:
    Portugal
    Firm:
    MdME
    Czech Republic introduces new Act on Preventive Restructuring
    2024-03-06

    Czech Republic has recently implemented the Act on Preventive Restructuring (the Act), with effect from 23 September 2023, which offers companies in financial difficulty a chance to restructure their assets, liabilities, and capital structure.

    Initiation

    The preventive restructuring process may be initiated by a company if it:

    Filed under:
    Czech Republic, Insolvency & Restructuring, Taylor Wessing, Insolvency
    Authors:
    Thomas Rechberger , David Volek
    Location:
    Czech Republic
    Firm:
    Taylor Wessing

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