Under the Insolvency and Bankruptcy Code, 2016 (“IBC”),the approval of a resolution plan under Section 31 of the IBC is statutorily binding on the corporate debtor, its creditors, and other stakeholders to the restructured arrangement embodied in the plan.
In M&A transactions, the focus is often on getting to the finish line—negotiating terms, securing financing, and closing the deal. But experienced dealmakers know that signing on the dotted line is just the beginning. The true test of a transaction lies in what happens after the champagne corks have popped: Can the combined entity sustain operations? Will vendors and customers remain confident? Is there sufficient liquidity to weather integration challenges?
In a recent decision, the Hong Kong Court ordered the winding up of Jingrui Holdings Limited (the "Company"), a Hong Kong-listed Chinese property developer incorporated in the Cayman Islands.
The Southern District of Texas Bankruptcy Court recently underscored the importance of carefully implementing Chapter 15 eligibility. In its Geden and Siu-Fung decisions, the court reasserted its independent duty to scrutinize foreign recognition requests, providing constructive guidance on the steps foreign representatives should take to strengthen their Chapter 15 filings. The rulings offer practical lessons for ensuring compliance with U.S. bankruptcy law requirements and navigating potential recognition challenges.
Key Takeaways
When can a managing director be held personally liable in Hungarian liquidation proceedings—and when does the law allow the burden of proof to flip, making a creditor’s case dramatically easier to prove? This case shows that the answer depends not only on the director’s conduct, but on choosing the right legal basis in the statement of claim.
1. Facts
The defendant was the manager of the debtor (who has gone into liquidation) with independent representation rights and its sole member.
Kể từ ngày 01/03/2026, Luật Phục hồi, Phá sản số 142/2025/QH15 do Quốc hội khoá XV thông qua tại Kỳ họp thứ 10 (“Luật Phục hồi, Phá sản 2025”) đã chính thức có hiệu lực. Luật Phục hồi, Phá sản 2025 được ra đời trong bối cảnh thực tiễn áp dụng của Luật Phá sản 2014 bộc lộ nhiều hạn chế, thiên về xử lý hậu quả là phá sản hơn là phòng ngừa và tái cấu trúc.
Introduction
As of 1 March 2026, the Law on Rehabilitation and Bankruptcy No. 142/2025/QH15, adopted by the National Assembly of the 15th Legislature at its 10th Session (“Law on Rehabilitation and Bankruptcy 2025”), has officially come into effect.
Introduction
In December 2025, the Supreme Court of Queensland delivered a judgement which probably hasn’t received the attention it deserves. In Star Recruitment Service Pty Ltd v Smith [2025] QSC 334 the court considered the proper construction of the coronavirus-era safe harbour defence in s 588GAAA of theCorporations Act 2001 (Cth) (Act).