1 2 Capital Market 9 Dispute Resolution 14 Fintech 19 Media and Entertainment 24 RERA 27 Sports and Gaming 39 White Collar Crime 03 Competition Law 11 Employment Law 17 International Trade/ WTO 19 MCA 25 Restructuring and Insolvency 34 Technology 40 3 EXTENSION OF TIMELINE FOR FORMULATION OF IMPLEMENTATION STANDARDS PERTAINING TO SEBI CIRCULAR ON “SAFER PARTICIPATION OF RETAIL INVESTORS IN ALGORITHMIC TRADING”1 Securities Exchange Board of India (“SEBI”) issued a circular “Safer participation of retail investors in algorithmic trading” dated February 04, 2025, which aimed at ensuring safer
On 26 February 2025, Deputy Master Scher handed down judgment in the case Suman Bhatia v Christopher Purkiss, as liquidator of JD Group Limited [2025] EWHC 359 (Ch). Wedlake Bell LLP (partner Edward Saunders), and Nora Wannagat (Tanfield Chambers) acted for the successful liquidator.
A copy of the judgment is available here.
Background
Of particular interest to commercial landlords, the recent decision of the court in SBP 2 SARL v 2 Southbank Tenant Ltd [2025]EWHC 16 (Ch) illustrates the risks to a landlord of simply cross-referring to Section 123 of the Insolvency Act 1986 (respectively, Section 123 and the 1986 Act) in the forfeiture provisions of a lease without specifying any amendments to the statutory language and thereby provides a reminder of the importance of careful and accurate drafting.
1. 들어가며
부동산PF에서 담보제공방식으로 저당권을 설정하지 않고 담보신탁을 활용하는 경우가 많습니다. 담보신탁을 하게 되면 담보물의 대내외적인 소유권이 수탁자에게 완전하게 이전되므로, 담보물에 대한 예상치 못한 집행을 방지할 수 있고, 채무자에 대한 회생절차가 개시되더라도 우선수익권을 회생절차에 의하지 않고 행사할 수 있는, 소위 '도산절연 효과'가 인정됩니다. 즉, 부동산 담보신탁 계약에서 우선수익자로 지정된 자는 통상 저당권과 유사한 담보권자의 지위를 확보하게 됩니다.
대상 판결(대법원 2024. 6. 27. 선고 2021다261704 판결)은 담보신탁에 따라 위탁자가 가지는 잔여대금 채권이 압류된 후 위탁자가 2순위 우선수익자를 지정하고, 다시 후순위 압류명령이 이루어진 사안에서, 공매에 따른 매각대금이 누구에게 귀속되는지에 대하여 판단하였습니다.
2. 사안의 개요
As of December 2024, insolvencies in the real estate sector accounted for approximately 22% of admitted cases under the Insolvency and Bankruptcy Code, 2016 (“IBC”), making it second only to the manufacturing sector that accounted for 37% of admitted cases.[1] The high volume of insolvencies in the real estate sector, the imperative to protect homebuyer interests and specific challenges faced by this sector have resulted in several amendments focused specifically on the insolvency process for real
Overview
We asked our team for their predictions of what they think 2025 might bring in the Property Disputes sector.
Insolvencies and Restructuring
At-a-glance cases provided by Gatehouse Chambers’ Insolvency Team, featuring:
BACKGROUND
According to ASIC insolvency data, there were 2,975 building companies that entered external administration in 2023-24, representing some 27% of all insolvencies.
The collapse of Porter Davis on 31 March 2023, left some 1,700 homeowners across Queensland and Victoria having to deal with the fallout.
These are extremely sobering figures. The reality for homeowners is that they are often left dealing with liquidators without many options and faced with substantial losses.
What can you do if you suspect your builder is facing financial difficulty?