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    Review of company voluntary arrangements (“CVAs”)
    2022-07-01

    On 28 June 2022 the Insolvency Service published a report it had commissioned from RSM UK to assess the impact that CVAs were having on commercial landlords (the “Report”).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Hogan Lovells, Landlord, Food and beverage, Company voluntary arrangement
    Authors:
    Alex Snell , James Maltby , Margaret Kemp
    Location:
    United Kingdom
    Firm:
    Hogan Lovells
    kroniek Aansprakelijkheidsrecht
    2022-07-01

    In deze Kroniek wordt een selectie van de tussen mei 2021 en mei 2022 door de Hoge Raad gewezen arresten besproken. Daarbij komen onder meer uitspraken op het gebied van beroeps- en bestuurdersaansprakelijkheid, productaansprakelijkheid en werkgeversaansprakelijkheid aan de orde.

    Filed under:
    Netherlands, Company & Commercial, Insolvency & Restructuring, Litigation, Ploum, Bankruptcy, Joint and several liability, Supreme Court of the Netherlands
    Location:
    Netherlands
    Firm:
    Ploum
    Cruzeiro SAF obtém decisão judicial para evitar ação por dívida do clube
    2022-07-04

    Fonte: Uol

    A Justiça trabalhista de Minas Gerais concedeu decisão favorável ao Cruzeiro SAF para livra-la da cobrança direta de uma dívida do clube. Houve o entendimento judicial que a Lei das SAF se tornaria “inútil” se o clube-empresa pudesse ser alvo de todas as ações por débitos da associação.

    Filed under:
    Brazil, Banking, Insolvency & Restructuring, Litigation, CSMV Advogados
    Authors:
    Thereza Cristina Carneiro
    Location:
    Brazil
    Firm:
    CSMV Advogados
    New Chapter 11 Filing - First Guarantee Mortgage Corporation
    2022-06-30

    On June 30, 2022, Plano, Texas-based mortgage lender First Guaranty Mortgage Corp. (“FGMC”), filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 22-10584). FGMC reports $500 million to $1 billion in both assets and liabilities.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Cole Schotz PC
    Location:
    USA
    Firm:
    Cole Schotz PC
    Global Brands - common law foreign recognition regime is alive and well, with a new COMI test introduced
    2022-06-30

    In the matter of an application for recognition and assistance by the provisional liquidator of Global Brands Group Holding Limited (in liquidation) [2022] HKCFI 1789 (date of decision: 23 June 2022)

    The Hong Kong Court has recently granted recognition and assistance to the Bermuda provisional liquidator of Global Brands Group Holding Limited (in liquidation) (Global Brands / Company). Stephenson Harwood acted for the provisional liquidator.

    Filed under:
    Asia-Pacific, China, Global, Hong Kong, Insolvency & Restructuring, Litigation, Stephenson Harwood LLP, Coronavirus
    Authors:
    Eloise Matsui , Vivian Lau
    Location:
    Asia-Pacific, China, Global, Hong Kong
    Firm:
    Stephenson Harwood LLP
    在Lasmos案之後,涵蓋清盤呈請所涉債務的仲裁協議的法律效力為何?
    2022-06-30

    簡介

    最近在Re Hong Kong Bai Yuan International Business Co., Ltd [2022] HKCFI 960一案中,原訟法庭(「法院」)命令被告人(「該公司」)向呈請人(「呈請人」)償還一項受仲裁協議涵蓋的債務,否則將被頒令清盤。法院澄清,雖然法院在行使酌情權時會給予仲裁協議相當大的比重,但不一定將事情轉交仲裁處理。

    背景

    呈請人於2021年6月10日提出呈請(「該呈請」),要求法院對該公司發出清盤令,理由是該公司未能遵守關於一項955,000歐元債務(「該債務」)的法定要求償債書,因此根據香港法例第32章《公司(清盤及雜項條文)條例》(「該條例」)第178條被視為無力償債。

    Filed under:
    Hong Kong, Arbitration & ADR, Insolvency & Restructuring, Litigation, ONC Lawyers, Court of First Instance (Hong Kong)
    Authors:
    Ludwig Ng , Ivy Wang
    Location:
    Hong Kong
    Firm:
    ONC Lawyers
    UPDATE - Farm Protection In Manitoba - Safe Harbour Or A Trap For The Unwary?
    2022-06-30

    [This paper originally presented at the Manitoba Bar Association Mid-Winter Conference, January, 2003. It was updated and revised for the 2011 Pitblado Lectures and again updated in June, 2022.]

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Taylor McCaffrey LLP, Mediation, UK House of Commons, Government of Canada, Supreme Court of Canada
    Authors:
    David R.M. Jackson
    Location:
    Canada
    Firm:
    Taylor McCaffrey LLP
    Galapagos—The Long and Winding Road to Winding-Up
    2022-06-30

    On 30 June 2022, the English court handed down judgment and made a winding-up order in respect of Galapagos S.A., marking an important milestone in an almost three-year cross-border insolvency battle involving the English, German and European courts.

    The decision also provides helpful guidance on the application of the Recast European Insolvency Regulation post-Brexit, as well as the extent to which pre-Brexit jurisprudence should still be considered retained in, or relevant to, English law.

    Galapagos: The Facts

    Filed under:
    European Union, United Kingdom, USA, Insolvency & Restructuring, Litigation, Public, Akin Gump Strauss Hauer & Feld LLP, Brexit, CJEU, European Court of Justice
    Authors:
    Richard Hornshaw , Liz Osborne , Jay Jamooji , Lauren Pflueger
    Location:
    European Union, United Kingdom, USA
    Firm:
    Akin Gump Strauss Hauer & Feld LLP
    New Chapter 11 Filing - Enjoy Technology, Inc.
    2022-06-30

    On June 30, 2022, Palo Alto, California-based mobile technology retailer pairing company Enjoy Technology, Inc., along with two affiliates, who provide a revolutionary commerce-at-home experience for consumers through the companies’ network of mobile retail stores, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Cole Schotz PC
    Location:
    USA
    Firm:
    Cole Schotz PC
    Post Lasmos - What is the legal effect of an arbitration agreement governing an underlying debt on a winding-up petition?
    2022-06-30

    Introduction

    Filed under:
    Hong Kong, Arbitration & ADR, Insolvency & Restructuring, Litigation, ONC Lawyers, Court of First Instance (Hong Kong)
    Authors:
    Ludwig Ng , Ivy Wang
    Location:
    Hong Kong
    Firm:
    ONC Lawyers

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