一,问题的提出 随着近年来供给侧结构性改革以及优化营商环境指标相关措施的推进,企业破 产案件数量逐年增加。以上海破产法庭为例,2020 年全年立案受理破产、公司 强制清算、衍生诉讼等各类案件共计 1567 件,同比增长 32.7%;2021 年全年立 案受理同类案件共计 2381 件,同比增长 51.9%;2022 年全年立案受理同类案件 共计 3412 件,同比增长 43.3%。 但是仅就重整程序而言,上海破产法庭 2020 年共计办结重整成功案件 4 件,盘 活企业资产总价值 14.66 亿元,普通债权平均清偿率 57.5%[1];2021 年共计办 结重整成功案件 13 件,盘活企业资产总价值 75.6 亿元,普通债权平均清偿率 10.4%[2];2022 年盘活企业资产 11.3 亿元,普通债权平均清偿率 4.9%[3]。 可以看出,近年来破产案件受案数量呈现爆发性增长的态势,但是重整成功的 案件数量增长率相较于整体破产案件的涨幅来讲并没有显著增加,同时盘活资 产总价值也存在波动,而评判一个重整案件法律效果和社会效果最直观的指标 “普通债权清偿率”呈现出断崖式下降,降幅高达 91.48%。
Good afternoon. Following are this week’s summaries of the Court of Appeal for Ontario for the week of December 18, 2023.
The history of bankruptcy in these United States teaches this:
- bankruptcy laws can provide an efficient and effective solution for a great variety of financial problems.
But bankruptcy laws, in these United States, face significant problems, and their effectiveness is being diminished.
First Problem
Bankruptcy has a fundamental problem: nobody likes it.
Everyone recognizes that bankruptcy laws are a necessity in our market economy. And bankruptcy laws are even founded upon a provision of the U.S. Constitution:
There are many reasons to mandate mediation in certain circumstances.
- One is to improve the quality of justice.
- Another is to manage an expanding docket and burgeoning caseload.
- A third is to create a mediation culture where none currently exists.
There are two ways to mandate mediation:
2024: main new legislation needing to be considered by companies in Spain 2024 Viewpoint Spain 2 2024: main new legislation needing to be considered by companies in Spain December 2023 Professionals in the various practice areas at Garrigues take a look, from all angles of business law, at the main new legislation that companies will face in the coming year. 2024 promises to be an intense year in terms of statutory and case law.
The Chief Justice of the Commonwealth of The Bahamas, Sir Ian Winder has issued Cross-Border Insolvency Practice Direction No. 14 of 2023 for Court-to-Court Communications and Cooperation in cross-border insolvency and restructuring cases after consultation with the Justices of the Supreme Court, Commercial Division.
The practice direction addresses the use and adoption of published JIN guidelines in cases pending before the Supreme Court of the Commonwealth of The Bahamas. The practice direction took effect on 19 December 2023.
Recently, two significant distressed companies with thousands of commercial leases, Rite Aid and WeWork, each filed chapter 11 bankruptcy cases, seeking in part to rationalize their geographic footprints through the rejection of a substantial portion of their lease portfolios.
“金融机构债权人委员会”(简称“金融债委会”)是协商性、自律性、临时性组织,按照市场化、法治化、公平公正、分类施策的原则,依法维护金融机构作为债权人的合法权益。金融债委会可以按照“一企一策”的方针,集体研究增加融资、稳定融资、减少融资、重组等措施,确保债权金融机构形成合力,稳妥化解风险。
在我国经济处于下行期的大环境之下,各地大型民营企业频繁陷入债务危机,越来越多困境企业在庭外债务重组中使用金融债委会机制作为企业和债权人之间沟通的“黏合剂”、债务危机化解的“催化剂”以及与庭内司法重整或和解程序衔接的“融合剂”,由金融债委会主导庭外债务重组程序有效推进,如东旭集团等。本文意在对当前金融债委会机制的制度背景、发展现状、实践中的运行机制、存在的问题及解决方案等方面进行深入分析。
一、金融债委会国内外发展概况及制度优势
(一)国内外金融债委会制度发展概况
1、国外金融债委会制度发展概况
The Supreme Court of India (Supreme Court) in State Tax Officer v Rainbow Papers Limited (Rainbow Papers Judgment) held that a statutory authority, in whose favor a charge is created under a statute, would be treated as a secured creditor under the Insolvency and Bankruptcy Code 2016 (IBC). The Rainbow Papers Judgment was distinguished by the Supreme Court in Paschimanchal Vidyut Vitran Nigam Limited v Raman Ispat Private Limited2 (PVVNL Judgment).