Introduction
In this case, Re Kobian Pte Ltd (OS 1269 / 2020 in the Singapore High Court), Kobian Pte Ltd applied to the Singapore High Court for a moratorium to propose a scheme of arrangement with its creditors. The legal issues at stake were the necessary conditions to be fulfilled by an Applicant in order to obtain a moratorium under section 64 of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA).
簡介
在Stanford International Bank Ltd (in liquidation) v HSBC Bank PLC [2021] EWCA Civ 535一案中，英國匯豐銀行（「匯豐」）被指違反Quincecare責任及提供不誠實的協助，因而被控疏忽。英國上訴法院（「上訴庭」）一致裁定匯豐勝訴，兩項申索均被駁回。
背景
於2009年倒閉清盤的Stanford International Bank Limited（「原告人」）在2003至2009年期間在匯豐持有多個帳戶（「涉案帳戶」）。原告人因被用作史上其中一個最大的龐茲騙局而欠債超過50億美元。原告人的清盤人（「清盤人」）向匯豐提出以下兩項申索：
2016 年破産倒産法(Insolvency and Bankruptcy Code, 2016)は、債権者が直面している債務者の未払 問題を解決するため、従来の倒産法を刷新する形で制定されました。2020 snapshot にて解説して以降も、 法の趣旨に沿う形で、および、昨今の COVID19 によるパンデミックの影響も踏まえながら、法は改正を 重ねてきました。また、主に実務上の観点から、各倒産法廷も法の発展に大きな役割を果たしています。 2021 年のインドの破産倒産法分野における重要なアップデート事項について、以下、列挙する形でま とめました。全国会社法審判所(以下「NCLT」)、全国会社法上訴裁判所(以下「NCLAT」)、最高裁判所 (以下「SC」)にて下された判決に加えて、政府が提案する改正事項についても取り上げています
This week’s TGIF considers Re C88 Project Pty Ltd [2022] NSWSC 126, a New South Wales Supreme Court case which provides guidance on the effect of omitting prescribed information, and including claims for disputed judgment interest, on the validity a statutory demand.
Key Takeaways
Chapter 6 of the Companies Act, 2008 affords a financially distressed company a fighting chance to restructure its financial obligations and avoid the destruction of value through liquidation for the duration of its formal chapter 6 business rescue proceedings. Such a moratorium is not available if a company seeks to conclude a restructure through a compromise or arrangement with all its creditors or members of any class of creditors.
Kireeva v Bedzhamov [2022] EWCA Civ 35
The US Supreme Court tends to hear a couple of bankruptcy cases per term. Most of these cases deal with interpreting provisions of the Bankruptcy Code. However, every few years or so, the Supreme Court decides a constitutional issue in bankruptcy. Some are agita-inducing (Northern Pipeline, Stern), some less so (Katz). The upcoming case is a little more nuanced, but could have major consequences.
A bankruptcy court gave “unnecessary and unlikely incorrect” reasoning to support its “excessively broad proposition that sales free and clear under [Bankruptcy Code (“Code”)] Section 363 override, and essentially render nugatory, the critical lessee protections against a debtor-lessor under [Code] 365(h),” said the U.S. Court of Appeals for the Fifth Circuit on Feb. 16, 2022. In re Royal Bistro, LLC, 2022 WL 499938, *1-*2 (5th Cir. Feb. 16, 2022).
30 декабря 2021 Федеральная налоговая служба опубликовала обзор судебной практики арбитражных судов по оспариванию сделок в процедуре банкротства[1].
В обзоре содержатся актуальная судебная практика арбитражных судов федеральных округов и Верховного Суда РФ, позиции из которой необходимо учитывать при оспаривании сделок в рамках банкротных процедур.
Court fees are rising again thanks to the Court Fees (Miscellaneous Amendment) Order 2021
CFO21 will mostly be amending and updating the fees listed in Schedule 1 of The Civil Proceedings Fees Order 2008. The justification for the increase is to account for historic inflation since the last significant round of fee increases in 2016.