The Constitutional Court of FBiH has found that the current order of settlement of workers' claims in bankruptcy proceedings is unconstitutional.
With Judgment U-27/15, the Court declared articles 33 and 40 of the Law on Bankruptcy Proceedings (FBiH Official Gazette, nos. 29/03, 32/04 and 42/06) unconstitutional, which considerably affected the order of settlement of creditors in bankruptcy proceedings.
The High Court considers questions relating to the location of three companies' COMIs and an alleged "improper motive" regarding the appointment of administrators
The new legislation on liquidation proceedings in Republika Srpska (Zakon o likvidacionom postupku “Official Gazette of Republika Srpska”, no. 82/19) (“New LPA“) comes into force on 12 October 2019. It introduces new, simplified, form of voluntary liquidation of companies and other business entities, and detailed rules on liquidation of assets and claims settlement in ordinary liquidation proceedings.
Simplified liquidation proceedings
PricewaterhouseCoopers (PwC) v Saad Investments Company Limited (SICL) and Singularis Holdings Ltd (SHL)involved an application by PwC for the setting aside of orders made by the Supreme Court of Bermuda in favour of the liquidators that required the production of documents relating to SICL and SHL. Included among the grounds on which PwC relied to set aside the order were that:
Last 06 November 06, the Fourth Chamber of the Superior Court of Justice, in the judgement of the special appeal n° 1,733,685/SP, brought by Volkswagen Brazil's Automotive Industry Ltda. against Matalzul Industry and Commerce Ltda., understood that, even if there is an arbitration agreement between the parties, the bankruptcy filing based on default of credit title (in this case, duplicates under protest) does not need previous establishment of arbitration court.
Introduction
As extensively released in the press, the Brazilian air carrier Oceanair – Linhas Aéreas Ltda. (known as ‘Avianca’) filed for judicial reorganization, which is a debtorin-possession court supervised reorganization proceeding authorized under the Federal Law nr. 11,101 (‘Bankruptcy Law’).
Direito processual civil e tributário. Execução fiscal ajuizada contra pessoa jurídica falida. Recurso repetitivo (art. 543-C do CPC e Res 8/2008 - STJ)
A constatação posterior ao ajuizamento da execução fiscal de que a pessoa jurídica executada tivera sua falência decretada antes da propositura da ação executiva não implica a extinção do processo sem resolução de mérito.Recurso Especial 1.372.243
O Tribunal de Justiça de São Paulo (TJ-SP) negou pedido da Mabe para manutenção de duas cláusulas do seu plano de recuperação judicial. Os desembargadores da 1ª Câmara Reservada de Direito Empresarial entenderam que os dispositivos dariam "superpoderes" à assembleia de credores. A fabricante de eletrodomésticos vai recorrer da decisão.
O Tribunal de Justiça do Estado de São Paulo (TJ-SP) manteve a obrigação do Fundo Garantidor de Créditos (FGC) de restituir a dois clientes do extinto Banco BVA os valores de R$ 10 mil e R$ 94,5 mil, respectivamente. A Corte, porém, entendeu não ser devido danos morais. A decisão, da 37ª Câmara Direito Privado, reformou parte da sentença da 4ª Vara Cível do Foro Regional de Pinheiros, que havia fixado uma indenização de R$ 15 mil para cada um deles.