2026 will see an increase in Hong Kong disputes over fraud claims, cryptocurrency and insolvency, greater judicial collaboration with mainland China, and further digital transformation of local court processes, according to the firm's Hong Kong litigation team.
"Hong Kong commercial litigation continues to deliver landmark decisions with global impact," said the firm's Head of China and local litigator Jojo Fan.
r 1 //./ r 2 Capital Market 06 Dispute Resolution 11 Fintech 19 International Trade/ WTO 26 Ministry of Corporate Affairs (MCA) 31 Restructuring and Insolvency 43 Sports and Gaming 51 White Collar Crime 03 Competition Law 09 Employment Law 17 Infrastructure and Energy 24 Media and entertainment 30 RBI & FEMA 41 RERA 48 Technology 55 r 3 SEBI CONSULTATION PAPER ON THE CONSOLIDATION OF FPI/DDP MASTER CIRCULAR (5 DECEMBER 2025) On 5 December 2025, SEBI released a consultation paper proposing a comprehensive consolidation and modernisation of the Master Circular governing Foreign Po
Introduction
يُعد الإعسار في القانون الإماراتي من الموضوعات القانونية التي تمس شريحة واسعة من الأفراد،خصوصًا في ظل التحديات الاقتصادية المعاصرة. فالإعسار هو الحالة التي يعجز فيها الشخص الطبيعي عن سداد ديونه المستحقة بسبب تدهور وضعه المالي أو عدم كفاية أصوله لتغطية التزاماته
ولأن هذا الوضع قد ينتج عن ظروف خارجة عن الإرادة، مثل فقدان الوظيفة أو إخفاق استثماري أو التزامات مالية طارئة، فقد حرص المشرّع الإماراتي على توفير إطار قانوني إنساني ومتوازن لمعالجته، دون اللجوء مباشرة إلى العقوبات أو السجن
Bankruptcy activity across the United States increased noticeably in 2025, marking one of the sharpest rises in more than a decade and reflecting mounting financial pressure on businesses and individuals alike. While the total number of annual bankruptcy filings remains lower than pre-pandemic levels, overall filings grew at a steady pace compared to the prior year. In fact, 2025 was among the most active periods for business filings since the aftermath of the Great Recession with tens of thousands of business filers seeking protection under Chapter 7 or Chapter 11.
28 U.S.C. § 157(b)(5) provides: “personal injury tort and wrongful death claims shall be tried in the district court in which the bankruptcy case is pending, or in the district court in the district in which the claim arose”
In other words, “personal injury tort” and “wrongful death” claims cannot be tried by a bankruptcy court.
CASE BRIEF
Case Name: Sri Lakshmi Hotel Pvt. Limited & Anr vs Sriram City Union Finance Ltd & Anr.
Case No.: Civil Appeal No. 13785 of 2025
Citation: 2025 INSC 1327
Court: Hon’ble Supreme Court of India.
Coram: Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice, K.V. Viswanathan
Date: 18 November 2025
1. FACTUAL MATRIX
In the recent case of Mitchell and another (Joint Liquidators of MBI International & Partners Inc (In Liquidation)) v Sheikh Mohamed Bin Issa Al Jaber [2025] UKSC 43, the UK Supreme Court clarified the scope of fiduciary duties owed by directors and controllers of companies following the commencement of liquidation. The Court determined that a director whose statutory powers have ceased may still owe fiduciary duties if he purports to exercise authority over the company’s assets and intermeddles with them dishonestly.
Last year saw several important decisions relating to restructuring plans, including Petrofac (see our Law-Now: Saipem judgment: fair benefit sharing for all creditors) and Waldorf (see our Law-Now: Waldorf Plan Rejected: Court stresses fairness and good faith).
Welcome to Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance. In this issue we discuss the first major decision of 2026: STG Logistics. The January 3 opinion primarily denies the motions to dismiss brought by defendants seeking to validate their October 2024 drop down plus double dip transaction.
Transaction Details and Procedural History