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    Hong Kong court departs from English law in its approach to arbitration clauses in insolvency cases
    2024-09-26

    Key takeaways

    Filed under:
    Hong Kong, United Kingdom, Arbitration & ADR, Insolvency & Restructuring, Litigation, Reed Smith LLP
    Authors:
    Lianjun Li , Min Li , Matthew Townsend , Donald Sham , Eric Xu , Julie Wong
    Location:
    Hong Kong, United Kingdom
    Firm:
    Reed Smith LLP
    Fearing Industry Solvency, Insurers Are Seeking to Leverage “Physical Loss or Damage” Rulings in the COVID-19 Context to Roll Back Historic Coverage Generally
    2024-08-14

    When the COVID-19 Pandemic incepted, and issues arose as to whether affected policyholders could seek Business Income and Civil Authority coverage from the presence or suspected presence of SARS-CoV-2 and consequent orders of Civil Authority, I thought that the easiest question to answer was whether such policyholders had suffered physical loss or damage (“PLOD”) to their property.

    The Majority PLOD Rule Prior to COVID-19

    Filed under:
    USA, Ohio, Insolvency & Restructuring, Insurance, Litigation, Reed Smith LLP, Coronavirus
    Authors:
    Richard P. Lewis
    Location:
    USA
    Firm:
    Reed Smith LLP
    Distressed Tenants and Landlords' Options
    2024-01-31

    First, the not-so-great news in figures:

    Filed under:
    United Kingdom, Insolvency & Restructuring, Real Estate, Reed Smith LLP, Liquidation
    Authors:
    Katherine A. Campbell
    Location:
    United Kingdom
    Firm:
    Reed Smith LLP
    UK Employment Law Update - December 2023
    2023-12-08

    Welcome to our monthly newsletter, with a summary of the latest news and developments in UK employment law.

    In this issue

    • Case law updates
    • Legislative developments
    • Other news
    • New guidance
    • Consultations

     Recent publications

    Filed under:
    United Kingdom, Scotland, Compliance Management, Employment & Labor, Insolvency & Restructuring, Litigation, Tax, Reed Smith LLP, Gender pay gap, Unfair dismissal, Insolvency, HM Revenue and Customs (UK), Deliveroo, Leahy-Smith America Invents Act 2011 (USA), Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), Supreme Court of the United States, UK Supreme Court, Employment Appeal Tribunal
    Authors:
    David Ashmore , Carl De Cicco , Robin B. Jeffcott , Joanna Powis , Alison Heaton
    Location:
    United Kingdom
    Firm:
    Reed Smith LLP
    Collective redundancies on insolvency: administrators’ responsibilities and liabilities
    2023-12-01

    When an employer is insolvent and administrators appointed, job losses are often an inevitable consequence. In this blog we look at the legal obligations arising where redundancies meet the threshold for collective consultation, and the implications for administrators arising out of the recent Supreme Court in the case of R (on the application of Palmer) v Northern Derbyshire Magistrates Court and another.

    When does the legal obligation to collectively consult apply?

    Filed under:
    United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Reed Smith LLP, Unfair dismissal, Insolvency
    Authors:
    Carl De Cicco , Linton Bloomberg , Alison Heaton
    Location:
    United Kingdom
    Firm:
    Reed Smith LLP
    Recognition of restructuring proceedings - perspectives from both sides of the pond
    2023-11-21

    Key takeaways

    Filed under:
    Global, United Kingdom, USA, Insolvency & Restructuring, Litigation, Reed Smith LLP, Companies Act 2006 (UK)
    Authors:
    Paulette Mastin , Kathleen Garrett , Aaron Javian , Jason D. Angelo
    Location:
    Global, United Kingdom, USA
    Firm:
    Reed Smith LLP
    Arrowood Indemnity Company enters liquidation
    2023-11-15

    As discussed in our post last month, it was a long road for Arrowood Indemnity to be placed into liquidation in Delaware.

    Filed under:
    USA, Insolvency & Restructuring, Insurance, Litigation, Reed Smith LLP
    Authors:
    Timothy P. Law , Ann V. Kramer
    Location:
    USA
    Firm:
    Reed Smith LLP
    Hong Kong Court of Appeal to consider application of arbitration clauses in insolvency cases
    2023-10-25

    Key takeaways

    Filed under:
    Hong Kong, Arbitration & ADR, Insolvency & Restructuring, Litigation, Reed Smith LLP, Court of First Instance (Hong Kong)
    Authors:
    Lianjun Li , Min Li , Matthew Townsend , Donald Sham , Eric Xu , Selin Kim
    Location:
    Hong Kong
    Firm:
    Reed Smith LLP
    Is Arrowood the next Kemper? The insurance insolvency system is broken
    2023-10-12

    The Kemper/Lumbermens saga

    To refresh everyone’s recollection, this is a report from Business Insurance from March 14, 2010:

    Filed under:
    USA, Insolvency & Restructuring, Insurance, Reed Smith LLP, Receivership
    Authors:
    Ann V. Kramer
    Location:
    USA
    Firm:
    Reed Smith LLP
    Statute Broadly Defines “Claim” - Even Contingent / Unliquidated Future Breach Of Contract Claims are Captured
    2024-05-02

    In its most recent precedential bankruptcy decision, the United States Court of Appeals for the Third Circuit held that a claim for breach of contract – even “contingent” or “unliquidated” – is still a claim which can be discharged in a chapter 11 plan. In re Mallinckrodt PLC, No. 23-1111 (3d Cir. Apr. 25, 2024)

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Reed Smith LLP
    Authors:
    Derek J. Baker
    Location:
    USA
    Firm:
    Reed Smith LLP

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