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    Avoidance rights in Hong Kong
    2024-07-29

    Hong Kong is a common law jurisdiction, and its legal system is based on English law. Following Hong Kong’s handover to China on 1 July 1997, the Basic Law of Hong Kong is the constitutional document of the Hong Kong Special Administrative Region. Article 8 of the Basic Law provides that: “laws previously in force in Hong Kong, that is, the common law, rules of equity, ordinances, subordinate legislation and customary law shall be maintained, except for any that contravene [the Basic Law], and subject to any amendment by the legislature of the Hong Kong Special Administrative Region.”

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, CMS Cameron McKenna Nabarro Olswang LLP
    Authors:
    Tony Lau
    Location:
    Hong Kong
    Firm:
    CMS Cameron McKenna Nabarro Olswang LLP
    Signaleringsblog week 30: actuele jurisprudentie bestuursrecht en omgevingsrecht
    2024-07-26

    In deze blog signaleren wij kort enkele belangwekkende bestuursrechtelijke en omgevingsrechtelijke uitspraken van de afgelopen periode. 

    Hoge Raad: regeling proceskostenvergoeding voor fiscale bezwaarprocedures mogelijk in strijd met discriminatieverbod (art. 1 Grondwet) 

    Filed under:
    Netherlands, Environment & Climate Change, Insolvency & Restructuring, Leisure & Tourism, Litigation, Public, Tax, Stibbe, Supreme Court of the Netherlands
    Authors:
    Tom Barkhuysen , Valérie van 't Lam , Jeroen Heymans , Tess Linders
    Location:
    Netherlands
    Firm:
    Stibbe
    Strategische Planung arbeitsrechtlicher Umstrukturierungen
    2024-07-25

    Die strategische Planung der Maßnahmen ist zentral für das Gelingen arbeitsrechtlicher Umstrukturierungen. Die wichtigsten To-dos erfahren Sie im heutigen Beitrag.

    Filed under:
    Germany, Company & Commercial, Employment & Labor, Insolvency & Restructuring, CMS Germany
    Authors:
    Roman Christian Kies , Benjamin Münnich
    Location:
    Germany
    Firm:
    CMS Germany
    Directors' duties: when is a conflict of interest deemed to be authorised?
    2024-02-15

    The Court of Appeal has handed down judgment in the case of Humphrey v Bennett, providing some useful guidance on the nature and scope of a director’s duty to avoid conflicts of interest. The case was an appeal against summary judgment of the High Court following a derivative claim brought on behalf of a company by minority shareholders. The case will be of particular interest to directors of smaller companies whose management structures very often operate on a more informal footing.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Planning, Stevens & Bolton LLP, Companies Act 2006 (UK)
    Authors:
    David Steinberg , Louise Corcoran
    Location:
    United Kingdom
    Firm:
    Stevens & Bolton LLP
    Court finds cross-collateral mortgage vulnerable to challenge by liquidator
    2024-02-15

    The Federal Court has recently delivered judgment in the case of Cooper as Liquidator of Runtong Investment and Development Pty Ltd (In Liq)v CEG Direct Securities Pty Ltd [2024] FCA 6, a case where a liquidator was successful in having a mortgage declared as an unreasonable director-related transaction.

    Key Takeaways

    Filed under:
    Australia, Banking, Insolvency & Restructuring, Litigation, Real Estate, Corrs Chambers Westgarth, Corporations Act 2001 (Australia)
    Authors:
    Michael Kimmins , Daniel Byrne
    Location:
    Australia
    Firm:
    Corrs Chambers Westgarth
    Can Contempt For Violating Discharge Injunctions Be Pursed In A Class Action? (Bruce v. Citigroup)
    2024-02-15

    Can the contempt remedy for a creditor’s violations of the discharge injunction in multiple bankruptcy cases throughout the land be imposed in a class action lawsuit?

    Filed under:
    USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, Class action, Supreme Court of the United States
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    VAT Groups and Insolvency
    2024-02-15

    HMRC has recently updated its published guidance on the effect of insolvency on existing VAT groups following appointment of an insolvency practitioner.

    The updated guidance

    The updated guidance provides that:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Tax, Weil Gotshal & Manges LLP, Insolvency, HM Revenue and Customs (UK)
    Authors:
    Jenny Doak , Stuart Pibworth
    Location:
    United Kingdom
    Firm:
    Weil Gotshal & Manges LLP
    Två positiva nyheter på skatteområdet som aktualiseras vid omstruktureringar
    2024-02-16

    Lindahs skattegrupp sammanfattar två positiva nyheter på skatteområdet som aktualiseras vid omstruktureringar; Finansdepartementets förslag om nya avdragsregler för tidigare års underskott, samt en dom från HFD som konstaterar att nekat ränteavdrag vid koncerninterna förvärv av aktier i vissa fall strider mot EU-rätten

    Förslag om nya regler om avdrag för tidigare års underskott

    Den 22 januari 2024 publicerade Finansdepartementet en promemoria där man föreslår ändringar av reglerna om avdrag för tidigare års underskott.

    Filed under:
    European Union, Insolvency & Restructuring, Tax, Advokatfirman Lindahl
    Authors:
    Elin Myhr , Anna Romell Stenmark , Anders Carls , Åsa Fahlén
    Location:
    European Union
    Firm:
    Advokatfirman Lindahl
    Whose Burden Is It Anyway?
    2024-02-12

    Picture this: You are wrapping up writing a brief, memorandum of law, motion or the like regarding a complex bankruptcy issue. It is a close call, and you are grasping for additional arguments to make to the judge. Now ask yourself: Have I discussed the relevant burden of proof? If not, now ask yourself: Whose burden is it anyway?

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Fredrikson & Byron PA, Supreme Court of the United States
    Authors:
    Katherine A. Nixon
    Location:
    USA
    Firm:
    Fredrikson & Byron PA
    Treatment of Secured Creditors during CIRP
    2024-02-12

    Introduction:

    Filed under:
    India, Insolvency & Restructuring, Litigation, Trilegal, Secured creditor, Insolvency and Bankruptcy Code (India), Supreme Court of India
    Authors:
    Siddharth Ranade , Nishi Bhankharia
    Location:
    India
    Firm:
    Trilegal

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