“Bankruptcy” is commonly used to describe a number of legal situations involving a tenant’s financial distress. But with the rights and obligations of landlords and tenants determined by the true course of action taken, it pays for both sides to get the facts.
As the number of enterprise groups in China has increased, the phenomenon of affiliates jointly going into bankruptcy has also become more common. Once a member of an enterprise group enters a bankruptcy procedure, whether its affiliates will also simultaneously enter the procedure with it has consistently been an issue of concern to creditors.
On October 8, 2016, China’s Ministry of Commerce (“MOFCOM”) published the Provisional Administrative Rules on Foreign-Invested Enterprises’ Establishment and Amendment(《外商投资企业设立及变更备案管理暂行办法》), effective immediately.
Moody's announced in October 2014 that the detainment of Agile Property Holdings' chairman, Chen Zhoulin by government authorities was credit negative, in Moody's view, "similar incidents would adversely affect developers' borrowing costs and/or their access to offshore funding". The events that have unfolded since show that Moody's were right on the money.
Introduction
1 房地产开发企业破产重整利益平衡实务分析 作者：卓纬律师事务所 · 张思明 摘要：房地产开发企业破产重整涉及购房者、建筑商、银行以及企业职工等诸多 债权人的利益，存在不同性质权利优先权之利益博弈，相关法律及司法解释与破产法 规定亦有不衔接之处。本文以房地产开发企业破产存在的社会风险为逻辑起点，坚持 社会责任本位理念，从保护购房者利益的视角研究房地产开发企业破产重整利益平衡 机制，对可能或者已经发生破产原因但又有挽救希望的房地产开发企业，通过对各方 利害关系人的利益协调，制定具有可操作性的重整计划，以使危困企业顺利获得更 生。 关键词：房地产开发企业；破产重整；利益平衡 房地产开发企业破产重整是一个相对复杂的系统工程，需要平衡多方利益，制定 周密的重整计划才能使重整顺利进行，根据破产重整申请受理时企业开发项目的不同 状况，合理保护购房者的利益。各方利益关系主体还应本着社会本位原则，积极化解 重整实务中出现的矛盾纠纷。 一、 房地产开发企业破产风险分析 房地产开发企业破产具有不同于一般企业破产的特殊性，其破产涉及到银行等金 融机构、投资人、建筑商、被拆迁人、购房者等诸多主体利益。如果出现房地产开发 企业的大规模破产，将会影响金融秩序的稳定，甚者导致如美国的次贷危机而诱发金 2 融风险。
Gaining access to development land in the PRC has often been linked to government connections and dubious business practices. However, a number of investigations into the allegedly corrupt activities of high-level real estate executives in China have recently taken place.
Under the Civil Procedure Law,(1) a judgment creditor has the right to make any immovable property in which his or her judgment debtor is beneficially interested – and which is registered with the Department of Lands and Surveys in the debtor's name – security for payment of the judgment debt.
schönherr journal www.schoenherr.eu 02/2017 S cílem harmonizovat a posílit ochranu proti odcizení obchodního tajemství na úrovni EU byla minulý rok přijata Směrnice Evropského parlamentu a Rady (EU) 2016/943 ze dne 8. června 2016 o ochraně nezveřejněného know-how a obchodních informací (obchodního tajemství) před jejich neoprávněným získáním, využitím a zpřístupněním (dále jen „Směrnice“). V návaznosti na zavádění Směrnice do českého právního řádu dozná určitých změn dosud platná právní ochrana obchodního tajemství.
Introduction
Regarding M&A deal activity in emerging Europe, 2019 seems to have been a year of mixed sentiments. While both the overall value and volume of M&A deals in the region were down year-on-year, many M&A professionals claim anecdotally that it was a more buoyant year than the previous one. There are also predictions that investment activity in emerging Europe will increase even further in the next 12 months.
I am delighted to present the third edition of The Issues, an annual publication brought to you by our team at CMS Prague. As is tradition, the articles will look at general legislative developments as well as new opportunities and legal issues that you will be facing in the year ahead. We also look at sector specific topics from across industries such as consumer products, energy, financial services, hotels & leisure, lifesciences, real estate and technology, media & telecoms.