Subsequent to the High Court’s decision inGalapagos Bidco S.à r.l. v Dr Frank Kebekus [2023] WHC 13931 (Ch) (for more on which see our commentary), the High Court dismissed yet another claim brought by a junior creditor in the context of a senior creditor enforcement.
Introduction
Looking back at 2023, one of the more memorable judicial decisions emanating from Jersey was the decision of the Court of Appeal in HWA 555 Owners, LLC v Redox PLC S.A. and Thieltgen [2023] JCA 085. In this update we explore how this decision might impact upon the creditors’ winding-up regime provided for in the Companies (Jersey) Law 1991.
HWA 555 Owners, LLC v Redox PLC S.A. and Thieltgen
Introduction
导语 近年来，我国营商环境明显改善，党中央、国务院高度重视深化“放管服”改 革，优化营商环境工作，就进一步优化营商环境、更好服务市场主体，规划 性、持续地发布有关实施意见。各地政府部门也在此基础上，依据当地经济发 展情况和市场主体经营现状，制定符合当地经济发展的有关规定，推进对营商 环境的优化和改善。而在营商环境优化的各项举措中，对出现债务危机的企业 加强实施自救，引入政府部门扶持和司法机构指导等，无疑是对企业恢复正常 经营强有力的支持措施。 出现债务危机的企业，有些可能会通过破产程序来解决企业的债务问题。企业 破产制度和流程在整个法律法规体系内非常的专业且独立，破产企业、企业债 权人以及其它利害关系人在参与企业破产过程中通常会碰到很多专业法律问 题，需要专业团队的支持和引导。近几年来，伴随着法律制度的完善，对企业 破产可采取的措施，逐渐有法院开始接纳“预重整”制度，并应用在实际的破 产案件中。什么是预重整？预重整与破产重整有何区别？预重整制度存在的价 值如何？预重整制度在目前的应用情况如何？笔者将在本文中就这些疑问整 理、讨论，以飨读者。 一，预重整制度的提出 预重整制度并非一个新话题，2018 年最高人民法院印发的《全国法院破产审判 工作会议纪要》中就已经提出“探索推行庭外重组与庭内重整制度的衔接。
Bankruptcy Considerations for Unitranche Transactions with Super-Priority Revolvers without an AAL
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.
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.