With the Act on the Temporary Suspension of the Insolvency Filing Obligation Due to Heavy Rainfall and Floods in July 2021 (Gesetz zur vorübergehenden Aussetzung der Insolvenzantragspflicht wegen Starkregenfällen und Hochwassern im Juli 2021), which is part of the Reconstruction Assistance Act 2021 (Aufbauhilfegesetzes 2021), the German Federal Parliament and the German Federal Council have decided to suspend the obligation to file for insolvency retroactively as of 10 July 2021.
The Court of Appeal has overturned a decision of the High Court on whether immunity from suit, generally afforded to participants in court proceedings, extends to an examinee during an examination conducted under section 236 of the Insolvency Act 1986 ("Section 236").
This week’s TGIF considers the recent ruling of the Federal Court of Australia in Tuscan Capital Partners Pty Ltd v Trading Australia Pty Ltd (in liq)[2021] FCA 1061, where a liquidator’s decision to accept a ‘proof of debt’ was successfully challenged due to a lack of evidence that
The Nortel Networks Corporation saga was unique for the parties, the lawyers and the judges. Judge Gross of the U.S. Bankruptcy Court in Delaware and I presided over the case in a joint trial that had never occurred before3.
A Resolution professional means an Insolvency professional who is registered with the Insolvency and Bankruptcy Board of India. They are appointed to conduct the corporate insolvency resolution process and are vested with the management of the affairs of the corporate debtor. They are enrolled with an Insolvency Agency and are involved in the resolution and dissolution process of an insolvent individuals, companies, LLPs or partnerships.
8月号に続いて、コロナ禍での法的倒産案件数の動向を紹 介します。今回は破産編です。
1 破産手続の利用状況
(1) 2020年
2020年に裁判所が受け付けた破産事件の数は全国で 78,104件(2019年比2 .6%減)、東京(本庁)で8,807件(2019 年比8 .0%減)となっています。東京の8,807件の内訳は法人 破産1,438件、個人破産7,369件であり、いずれも2019年比で 減少となりました1 。東京地裁(本庁)の2016年から2019年の破 産事件数は年間9,000件台中盤から後半で推移していました ので、2020年の8,807件は大きな減少といえます。減少の要因 としては、コロナ禍による影響緩和のための各種公的給付や 金融機関による資金繰り支援の浸透等が考えられます。
(2) 2021年1月から8月の動向(速報値)
1.産業競争力強化法等の改正
2021年8月2日、「産業競争力強化法等の一部を改正する 等の法律」の一部が施行されました。
(https://www.meti.go.jp/press/2021/08/20210802001/20 210802001.html:経済産業省のHP参照)
改正内容は多岐にわたりますが、本稿では、中小企業再生 支援協議会(以下「協議会」といいます。)による事業再生支 援の機能強化について、取り上げたいと思います。
2.プレDIPファイナンス及び商取引債権保護規定の 創設(総論)
In November 2021, the High Court of Australia will consider the application of the Convention on International Interests in Mobile Equipment done at Cape Town on 16 November 2001 (the Convention) in Australia in light of facts arising out of the administration of the Virgin Australia group.
On Aug 30, 2021, the 3rd U.S. Circuit Court of Appeals became the first federal appellate court to confirm that claims arising against a debtor following confirmation of a Chapter 11 plan, but prior to the plan’s effective date, are subject to discharge. This ruling serves as a strong reminder for all creditors and counterparties of a bankrupt entity to stay vigilant through the “effective date” of a Chapter 11 plan, and to strictly adhere to any administrative claims bar date established in a bankruptcy case.
Can a foreign business go into business rescue in South Africa?