Year in Review - United Arab Emirates Law in 2016
On 13 June 2019 the new Insolvency Law(DIFC Law No. 1 of 2019) and the associated Insolvency Regulations 2019 (the “Law”) came in to effect in the Dubai International Finance Centre (“DIFC”) repealing and replacing the DIFC’s Insolvency Law of 2009 (the “Old Law”).
On August 2, 2010, Maru E. Johansen, in her capacity as the foreign representative (the “Foreign Representative”)1 in respect of Mexican insolvency proceedings regarding Compania Mexicana de Aviacion, S.A. de C.V. (“Mexicana”), filed a petition for recognition in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), commencing a case under Chapter 15 of the United States Bankruptcy Code.2 Mexicana and its affiliates operate Mexicana Airlines, Mexico’s largest airline.
On August 28, 2010, Compañía Mexicana de Aviación (“Mexicana”), the third oldest airline in the world and one of the most important airlines in Latin America, stopped flying.
The liability of directors of major organisations receives wide coverage in the press. Examples (in the Netherlands) are Imtech, HDI, FC Twente, Vestia, and Meavita. But the subject really concerns directors of all legal entities, large and small. In this issue of Quoted, we refresh your knowledge of directors' liability and address recent developments, such as case law on `corporate directors' (legal entities which are appointed directors of other entities), the Bill for Management and Supervision of Legal Entities and the General Data Protection Regulation (GDPR).
In de pers gaat het veelal over de aansprakelijkheid van bestuurders van grotere organisaties zoals Imtech, HDI, FC Twente, Vestia en Meavita. In werkelijkheid gaat dit onderwerp bestuurders aan van alle rechtspersonen: van groot tot klein. Met deze Genoteerd frissen wij uw kennis op over de aansprakelijkheid van bestuurders. Wij staan ook stil bij belangrijke relevante recente ontwikkelingen, zoals rechtspraak over de zogeheten rechtspersoon-bestuurder, het Wetsvoorstel bestuur en toezicht rechtspersonen en de Algemene verordening gegevensverwerking.
Assurantieportefeuille geen voor overdracht en verpanding vatbaar goed
Civiel
Unfortunately your business can be confronted with bankruptcy of one of your (Dutch) business partners. In most cases this will damage your business. We can help you to avoid or limit damages. In this edition of TW FOUR we will set out FOUR ways to protect your business from the bankruptcy of one of your (Dutch) business partners.
On 26 September 2018 the Amsterdam District Court rendered its judgment in the proceedings between the liquidator of Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited (which are all established in the British Virgin Islands) against Dutch public limited companies PricewaterhouseCoopers Accountants NV and PricewaterhouseCoopers NV and four accountants affiliated therewith (collectively, PwC).(1)