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    简议破产个别清偿撤销之例外情形
    2023-12-22

    摘 要

    从法律性质上看,管理人在破产程序中可行使的撤销权分为两类,其一是根据企业破产法第31条规定,对于欺诈行为的撤销;其二是根据企业破产法第32条规定,对于在破产程序开始前六个月内个别清偿行为的撤销。出于平衡全体债权人与个别债权人之间的利益冲突,第32条以但书形式规定了“个别清偿使债务人财产受益的除外”之个别清偿撤销例外,以避免个别清偿撤销权的滥用。但管理人与债权人常常产生冲突,管理人往往通过撤销权诉讼在依法履行勤勉义务的同时谋求可分配财产的最大化,债权人则常以个别清偿撤销例外作为抗辩理由以避免交易回转。由于我国现行法律是通过“列举+兜底”的模式对个别清偿撤销例外进行规定,因此对于个别清偿撤销例外的边界并不清晰,需要通过梳理部分司法裁判观点,为厘清个别清偿撤销例外的边界提供一些思考。

    关键词:

    企业破产法 撤销权 管理人 破产程序 

    民法典 个别清偿

    Filed under:
    China, Insolvency & Restructuring, Litigation, AnJie Broad Law Firm, Supreme People's Court
    Authors:
    Adam CHEN , Chen Dinglan , Miao Tianwei
    Location:
    China
    Firm:
    AnJie Broad Law Firm
    Another Reminder of the Risks of Statutory Demands
    2023-12-21

    A Case Analysis of Doctors of Optimization Pty Ltd v MPA Engineering Pty Ltd (Subsidiary of Aquatec Maxon Group Ltd) [2023] QCA 219

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Chamberlains Law Firm, Corporations Act 2001 (Australia)
    Authors:
    Sayward McKeown
    Location:
    Australia
    Firm:
    Chamberlains Law Firm
    Convening Scheme Meetings: Cayman Islands Court in China Aoyuan confirms the applicable principles
    2023-12-19

    Introduction

    The first stage in any restructuring by way of a scheme of arrangement in the Cayman Islands involves meetings of such classes of creditors or shareholders (as the case may be) to consider, and if thought fit, approve the terms of the scheme. An application to Court is required for orders to be granted for convening such meetings. If, at these meetings, the requisite statutory majorities are satisfied, the second stage involves obtaining Court sanction for the proposed scheme to become effective.

    Filed under:
    Cayman Islands, Insolvency & Restructuring, Litigation, Carey Olsen
    Authors:
    Jeremy Lightfoot , Kimberley Leng
    Location:
    Cayman Islands
    Firm:
    Carey Olsen
    Pflichten in der Krise - Gläubiger- vor Gesellschafterinteressen?
    2023-12-20

    Muss die Geschäftsführung in der Krise die Belange der Gläubiger stets vorrangig vor den Gesellschafterinteressen („shift of fiduciary duties“) behandeln?

    Filed under:
    European Union, Germany, Banking, Insolvency & Restructuring, Litigation, CMS Germany
    Authors:
    Rolf Leithaus , Julia Menke
    Location:
    European Union, Germany
    Firm:
    CMS Germany
    Guilty or Not Guilty: UK Supreme Court Decides Fate of Administrator Appointed Under Insolvency Act
    2023-12-20

    Go-To Guide:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Greenberg Traurig LLP, UK Supreme Court
    Authors:
    Hannah Blom-Cooper , Rupert Cheetham , Alex Swan
    Location:
    United Kingdom
    Firm:
    Greenberg Traurig LLP
    Restructuring Department Bulletin - December 2023
    2023-12-20

    Election of Joe Graham to Partner

    Joe Graham was elected partner in the New York office. This year, Joe played a leading role in the chapter 11 cases of Avaya, Benefytt and Diamond Sports. He regularly advises on out-of-court restructurings, bankruptcy litigation and distressed investments. Joe earned his J.D., magna cum laude, and his B.A. from the University of Notre Dame.

    Kelley Cornish Inducted into “M&A Advisor Hall of Fame”

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Private equity
    Authors:
    Jacob A Adlerstein , Paul M. Basta , Brian Bolin , Robert Britton , Kelley A. Cornish , Alice Belisle Eaton , Brian S. Hermann , Christopher Hopkins , Kyle J. Kimpler , Elizabeth R. McColm
    Location:
    USA
    Firm:
    Paul, Weiss, Rifkind, Wharton & Garrison LLP
    Restructuring schemes approved by the Irish High Court for two companies in the Solar 21 renewable energy investment group
    2023-12-20

    Executive summary

    A recent decision of the High Court sanctioned restructuring schemes for two companies in the Solar 21 renewable energy investment group showing once again effective and efficient restructuring tools available in Ireland for companies in need. Below we discuss the main features of the Judgment and the criteria required to be met in order for the schemes to be legally binding and effective pursuant to Part 9 of the Companies Act 2014 (as amended) (the Act).

    What is a Part 9 Scheme of Arrangement?

    Filed under:
    European Union, Ireland, Energy & Natural Resources, Insolvency & Restructuring, Litigation, DLA Piper, Companies Act 2006 (UK), Insolvency Regulation (1346/2000) (EU)
    Authors:
    Gavin Smith
    Location:
    European Union, Ireland
    Firm:
    DLA Piper
    Private Credit Restructuring Trends: New Delaware Law Aids Secured Creditors in Getting Deals Done Out of Court
    2023-12-20

    In our prior alert over the summer, we highlighted the Delaware Supreme Court’s decision in Stream TV Networks, Inc. v. SeeCubic, Inc., 279 A.3d 323, 329 (Del.

    Filed under:
    USA, Delaware, Company & Commercial, Insolvency & Restructuring, Litigation, Proskauer Rose LLP, Uniform Commercial Code (USA), Delaware Supreme Court
    Authors:
    David M. Hillman , Vincent Indelicato , Charles A. Dale , Steven M Peck , Steven O. Weise , Maximilian A. Greenberg
    Location:
    USA
    Firm:
    Proskauer Rose LLP
    Courts' reluctance to condemn liquidators could spur further regulatory guidance, following first test of new insolvency laws
    2023-12-20

    Despites its recent failure in case against an administrator in a phoenixing case, ASIC could snatch long-term victory from the jaws of defeat with clear regulatory guidance for insolvency practitioners.

    Filed under:
    Australia, Insolvency & Restructuring, Litigation, Clayton Utz, Insolvency, Australian Securities and Investments Commission
    Authors:
    Jennifer Ball
    Location:
    Australia
    Firm:
    Clayton Utz
    The Court of Appeal affirms the importance of office holders’ discretion
    2023-12-20

    There have been many reported cases in the bankruptcies of Mr and Mrs Brake (the “Brakes”) including the recent case of Patley Wood Farm LLP v Kicks [2023] EWCA Civ 901 where the Court of Appeal considered an application under s303 of the Insolvency Act 1986 (the “IA 1986”) against a decision of the trustees in bankruptcy of the Brakes (the “Trustees”).

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Charles Russell Speechlys, UK Supreme Court
    Authors:
    Carris Peacey
    Location:
    United Kingdom
    Firm:
    Charles Russell Speechlys

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