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    Avoiding an Out-of-Court Restructuring May Breach Fiduciary Duties
    2021-12-02

    Key Takeaways

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Dechert LLP
    Authors:
    Shmuel Vasser , Owen Haney
    Location:
    USA
    Firm:
    Dechert LLP
    Global Restructuring around the world: Cayman Islands
    2021-12-03

    Mark Goodman, Paul Kennedy, Guy Cowan and Katie Logan, Campbells

    This is an extract from the 2022 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    Cayman Islands, Insolvency & Restructuring, Litigation, Global Restructuring Review, Coronavirus
    Location:
    Cayman Islands
    Firm:
    Global Restructuring Review
    Disclaimer Denied: liquidators personally liable for clean up costs
    2021-12-03

    The Australian Sawmilling Co Pty Ltd (in liq) v Environment Protection Authority [2021] VSCA 294

    The Victorian Court of Appeal’s decision in The Australian Sawmilling Co Pty Ltd (in liq) v Environment Protection Authority [2021] VSCA 294 casts significant doubt on liquidators’ capacity to rely upon section 568 of the Corporations Act to disclaim environmental liabilities, despite the absence of any involvement of the liquidator in the creation of those liabilities.

    Filed under:
    Australia, Environment & Climate Change, Insolvency & Restructuring, Litigation, Johnson Winter Slattery, Mediation, Agribusiness
    Authors:
    Pravin Aathreya
    Location:
    Australia
    Firm:
    Johnson Winter Slattery
    Investment Fund Activity in US Debt Restructurings
    2021-12-03

    Elizabeth McColm, Brian Bolin and Grace Hotz, Paul Weiss Rifkind Wharton & Garrison

    This is an extract from the 2022 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    USA, Banking, Capital Markets, Insolvency & Restructuring, Litigation, Global Restructuring Review, Private equity, US Securities and Exchange Commission, US Department of Justice
    Location:
    USA
    Firm:
    Global Restructuring Review
    Court of Appeal decision on the interplay between the Brussels I Regulation and the Insolvency Regulation
    2021-12-03

    On 2 December 2021, the Court of Appeal handed down its judgment in Windhorst v Levy [2021] EWCA Civ 1802, which concerned a challenge against the registration of a German judgment and an application for a stay of execution. Notwithstanding Brexit, the decision is relevant to cases involving (i) judgments in proceedings instituted before 31 December 2020 and (ii) insolvency proceedings opened before 31 December 2020.

    Filed under:
    European Union, United Kingdom, Insolvency & Restructuring, Litigation, Public, 9 Stone Buildings, Brexit
    Authors:
    Nora Wannagat
    Location:
    European Union, United Kingdom
    Firm:
    9 Stone Buildings
    Global Restructuring around the world: British Virgin Islands
    2021-12-03

    Peter Ferrer, Harneys

    This is an extract from the 2022 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    British Virgin Islands, Insolvency & Restructuring, Litigation, Global Restructuring Review, Coronavirus, UK Supreme Court
    Location:
    British Virgin Islands
    Firm:
    Global Restructuring Review
    TGIF 3 December 2021 - Liquidators and long-term contracts: the importance of court approval
    2021-12-03

    This week’s TGIF considers the recent Federal Court decision in Alfonso, in the matter of Pinnacle Fire Protection Pty Ltd (in liq) v Woods [2021] FCA 1402, where liquidators sought Court approval to enter a long-term settlement agreement.

    Key Takeaways

    Filed under:
    Australia, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth, Corporations Act 2001 (Australia), Federal Court of Australia
    Location:
    Australia
    Firm:
    Corrs Chambers Westgarth
    Global Restructuring around the world: Dominican Republic
    2021-12-03

    Fabio Guzmán-Saladín and Pamela Benzán Arbaje, Guzmán Ariza

    This is an extract from the 2022 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    Dominican Republic, Insolvency & Restructuring, Litigation, Global Restructuring Review, Coronavirus
    Location:
    Dominican Republic
    Firm:
    Global Restructuring Review
    Recent Developments in DIP Financing for International and Domestic Debtors
    2021-12-03

    Richard J Cooper, Lisa M Schweitzer, Jessica Metzger and Richard C Minott, Cleary Gottlieb Steen & Hamilton

    This is an extract from the 2022 edition of GRR's the Americas Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Global Restructuring Review, Coronavirus
    Location:
    USA
    Firm:
    Global Restructuring Review
    The Dead (and Their Bankruptcy Estate) Cannot Hold Property Under Recent Ninth Circuit Bankruptcy Appellate Panel Decision
    2021-12-03

    I recently had the pleasure of working with my colleagues Benny Roshan and Jillian Berk on an appeal before the Ninth Circuit Bankruptcy Appellate Panel (B.A.P), which tested the ever-evolving intersection between bankruptcy law and probate law.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Greenberg Glusker Fields Claman & Machtinger LLP, Ninth Circuit
    Authors:
    Keith Patrick Banner
    Location:
    USA
    Firm:
    Greenberg Glusker Fields Claman & Machtinger LLP

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