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    Debt, Default and Discipline: Supreme Court on CIRP Admission of Real Estate Projects and Homebuyers’ Locus Standi
    2026-01-22

    The Hon’ble Supreme Court, in its recent judgment, examined two (2) important issues under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The first concerned the parameters governing the admission of a real estate project into the Corporate Insolvency Resolution Process (“CIRP”), while the second related to the locus standi of a homebuyers’ association or society seeking to intervene or participate in insolvency proceedings against the developer.

    Filed under:
    India, Insolvency & Restructuring, Litigation, Real Estate, Anhad Law, ICICI Bank, Axis Bank, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal, Financial services corporate
    Authors:
    Dhruv Gandhi , Deepam Rangwani
    Location:
    India
    Firm:
    Anhad Law
    Time Limit for Vacating Void Judgments?
    2026-01-21

    On January 20, 2026, the United States Supreme Court issued its unanimous 9-0 opinion written by Justice Alito with a concurrence by Justice Sotomayor in Coney Island Auto Parts Unlimited, Inc. v. Burton and addressed whether vacating a void judgment has a time limit. Prior to the decision, there was an 11-1 circuit split, and the majority view had been that parties were permitted to move to vacate void judgments irrespective of how much time had passed.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Krieg DeVault
    Authors:
    Susan E. Trent , Kay Dee Baird
    Location:
    USA
    Firm:
    Krieg DeVault
    Understanding director disqualification in England & Wales and Scotland
    2026-01-21

    Our specialists explain what director disqualification is, the consequences of it and the Insolvency Service’s investigations into a director’s conduct of an insolvent company.

    Company directors have legal duties and responsibilities when dealing with the affairs of a company.

    Filed under:
    United Kingdom, England & Wales, Company & Commercial, Insolvency & Restructuring, Weightmans LLP, Liquidation, Insolvency Service (UK)
    Authors:
    Shevy Narendra
    Location:
    United Kingdom
    Firm:
    Weightmans LLP
    Yodel v Corlett: High Court dismisses share warrants claim finding key documents were falsified
    <br>
    2026-01-21

    The High Court has handed down its judgment in a preliminary issues trial in Yodel Delivery Network Ltd v Corlett & Ors on 19 December 2025, dismissing counterclaims by Shift Global Holdings Ltd (Shift) and Corja Holdings Ltd (Corja) for specific performance of purported share warrant rights, which they had said entitled them to more than 54% of Yodel’s issued share capital in the battle for control of the home delivery company.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Macfarlanes LLP, Articles of association, HM Revenue and Customs (UK), UK Supreme Court
    Authors:
    Lois Horne , Rebecca Mansbridge
    Location:
    United Kingdom
    Firm:
    Macfarlanes LLP
    Insurance - Texas Style, Part 2: Stowers Liability and Bankruptcy
    <br>
    2026-01-20

    This is the second in a series of discussions about insurance issues unique to the Lone Star State.

    Filed under:
    USA, Texas, Insolvency & Restructuring, Insurance, Litigation, Bradley Arant Boult Cummings LLP, Bankruptcy
    Authors:
    Katherine J. Henry , Aaron Campbell
    Location:
    USA
    Firm:
    Bradley Arant Boult Cummings LLP
    ABCs & Unsecured Trade Creditors
    2026-01-20

    Here’s a question about the new Uniform Assignment for Benefit of Creditors Act (the “Uniform ABC Act”):

    • Is a liquidation under the Uniform ABC Act a good thing or a bad thing for the debtor’s unsecured trade creditors?

    The answer is easy: it’s a good thing.

    Filed under:
    USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Receivership
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    Details matter: Court of Appeal of Alberta upholds decision that royalty was not an interest in land in Invico Diversified Income Limited Partnership v. Newgrange Energy Inc.
    2026-01-20

    Structuring royalties as interests in land can provide significant protection in subsequent insolvency proceedings, but a recent decision from the Court of Appeal of Alberta underscores that technicalities may trump intentions. In Invico Diversified Income Limited Partnership v.

    Filed under:
    Canada, Alberta, Insolvency & Restructuring, Litigation, Real Estate, Torys LLP, Bank of Montreal Financial Group, Supreme Court of Canada, Court of Appeal of Alberta
    Authors:
    David Bish , Jeremy Opolsky , Michael Pickersgill , Braden Jebson , Charles Kanani
    Location:
    Canada
    Firm:
    Torys LLP
    Germany: EU Directive on Insolvency Harmonization
    2026-01-19

    In brief

    Filed under:
    European Union, Germany, Insolvency & Restructuring, Baker McKenzie, ESG, Insolvency, European Commission
    Authors:
    Joachim Ponseck , Artur Swierczok , Andrea Soprano
    Location:
    European Union, Germany
    Firm:
    Baker McKenzie
    Cross border, crypto and insolvency to dominate Hong Kong courts in 2026
    2026-01-19

    2026 will see an increase in Hong Kong disputes over fraud claims, cryptocurrency and insolvency, greater judicial collaboration with mainland China, and further digital transformation of local court processes, according to the firm's Hong Kong litigation team.

    "Hong Kong commercial litigation continues to deliver landmark decisions with global impact," said the firm's Head of China and local litigator Jojo Fan.

    Filed under:
    Hong Kong, Banking, Insolvency & Restructuring, IT & Data Protection, Litigation, Herbert Smith Freehills Kramer LLP, Blockchain, Due diligence, Initial public offerings, Digital transformation, Cryptocurrency, Insolvency
    Authors:
    Jojo Fan , Paul Quinn , Rachael Shek , Truman Mak
    Location:
    Hong Kong
    Firm:
    Herbert Smith Freehills Kramer LLP
    早期事業再生検討ワーキンググループによる中間整理の公表
    2026-01-19

    はじめに

    2025年6月13日、「円滑な事業再生を図るための事業者の金融機関等に対する債務の調整の手続等に関する法律」(以下「早期事業再生法」又は「法」といいます。)が公布されました。早期事業再生法は、公正中立な第三者機関と裁判所が関与する形で多数決(議決権の総額の4分の3以上の同意等)による債務整理を新たに認めるものであり、日本の事業再生の実務に重要な影響を与えるものです。

    早期事業再生法の公布を受け、2025年9月、産業構造審議会経済産業政策新機軸部会事業再構築小委員会の下に「早期事業再生検討ワーキンググループ」(WG)が設置され、事業再生の専門家を委員※1に加え、制度の詳細や運用について検討が進められています。同WGは2025年10月から12月にかけて3度開催され、同年12月26日、中間整理が公表されました※2。中間整理では経済産業省令で定められる内容やQ&Aで明確にすべき内容について提案されており、制度の内容や運用について理解する上で重要な意義を有します。そこで、本ニュースレターでは、中間整理の主な内容を紹介します。

    Filed under:
    Japan, Banking, Insolvency & Restructuring, Nagashima Ohno & Tsunematsu
    Location:
    Japan
    Firm:
    Nagashima Ohno & Tsunematsu

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