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    Protective measures in case of cash shortage
    2020-09-17

    It is generally accepted that the last quarter of 2020 will be a risky period for many businesses. The reason for this is not far-fetched, although it is maybe a little too easy to put all the blame on Corona. In any case, it is no longer a disgrace to have to admit problems to pay all suppliers.

    During lockdown period, many companies were still able to survive with the special government coronacrisis measures. But now, as these measures are being systematically phased out, risk of bankruptcy has increased.

    Filed under:
    Belgium, Insolvency & Restructuring, Andersen, Social security
    Authors:
    Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen
    Wat als u betalingsproblemen hebt?
    2020-09-17

    Algemeen wordt aangenomen dat dit najaar een gevaarlijke fase wordt voor vele ondernemingen. Naar de reden daarvoor hoeven we niet ver te zoeken alhoewel het misschien een beetje te gemakkelijk is alle schuld in de schoenen van Corona te steken. Het is in alle geval al lang geen schande meer om te moeten toegeven dat het soms moeilijk is om alle leveranciers te betalen.

    Filed under:
    Belgium, Insolvency & Restructuring, Andersen, Social security
    Authors:
    Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen
    Que faire si vous avez des problèmes de paiement ?
    2020-09-17

    On entend de manière générale que cet automne sera une période dangereuse pour de nombreuses entreprises. Et il n'est évidemment pas nécessaire de chercher bien loin pour en connaître la raison, bien que la situation économique difficile actuelle ne trouve pas sa cause unique dans la crise subie suite au Coronavirus. En tout cas, il n’y a rien d’honteux à admettre que l’on peut avoir du mal à payer tous ses fournisseurs.

    Filed under:
    Belgium, Insolvency & Restructuring, Andersen, Social security
    Authors:
    Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen
    Accelerated Financial Safeguard
    2010-11-22

    A new form of bankruptcy procedure, Accelerated Financial Safeguard (sauvegarde financière accélérée, “AFS”) was adopted by the French Parliament on October 22, 2010.

    Filed under:
    France, Insolvency & Restructuring, White & Case, Bond (finance), Bankruptcy, Debtor, Debt, Conciliation, Social security, Certified Public Accountant
    Authors:
    Philippe Métais , Stephen Phillips , Gilles Peigney , Raphaël Richard
    Location:
    France
    Firm:
    White & Case
    Drohende Insolvenz wegen nachzuzahlender SV-Beiträge
    2019-07-31

    Eine Betriebsprüfung beim Arbeitgeber kann dazu führen, dass Sozialversicherungsbeiträge nachgefordert werden. Die Folge kann eine drohende Insolvenz sein.

    Filed under:
    Germany, Employment & Labor, Insolvency & Restructuring, CMS Germany, Social security
    Authors:
    Dr. Alexander Bissels , Dr. Felix Fuchs
    Location:
    Germany
    Firm:
    CMS Germany
    Business insolvency
    2007-01-11

    The Bankruptcy Law, applicable to FIEs and most other companies in China, will come into effect on 1 June 2007.

    The Bankruptcy Law sets out a dual test of insolvency: inability to pay debts as they fall due ("cash flow insolvency") and insufficient assets to pay off all debts ("balance sheet insolvency"). Either a debtor or a creditor may apply to the court for reorganization or liquidation of the debtor. Court assistance may also be sought to conciliate.

    Filed under:
    China, Insolvency & Restructuring, Herbert Smith Freehills LLP, Wage, Bankruptcy, Debtor, Debt, Liability (financial accounting), Liquidation, Balance sheet, Cashflow, Social security
    Location:
    China
    Firm:
    Herbert Smith Freehills LLP
    Orden de prelación en los créditos contra la masa desde la comunicación de la insuficiencia de la misma y no desde su vencimiento: afectación a los créditos de la seguridad social
    2016-04-14

    La Tesorería General de la Seguridad Social viene oponiéndose a que se le aplique el artículo 176 bis.2 de la Ley Concursal en aquellos créditos cuyo vencimiento resultara anterior a la entrada en vigor de la reforma de la citada norma. Se entiende que ha de considerarse el pago de la deuda contra la masa a su respectivo vencimiento, en aplicación de la norma que estaba en vigor cuando se generó la deuda o, al menos, cuando se reclamó por parte de la Tesorería General de la Seguridad Social dicha deuda a la administración concursal.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Social security
    Authors:
    Lourdes López Cumbre
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados
    Precisiones sobre los efectos laborales de la oferta «vinculante» en la venta de unidad productiva concursal
    2016-03-16

    Análisis GA&P | Marzo 2016 1 N. de la C.: En las citas literales se ha rectificado en lo posible —sin afectar al sentido— la grafía de ciertos elementos (acentos, mayúsculas, símbolos, abreviaturas, cursivas...) para adecuarlos a las normas tipográficas utilizadas en el resto del texto. 1. Sobre el alcance de la subrogación en las deudas laborales y de la Seguridad Social: totalidad de la deuda o contratos subrogados 1.1.

    Filed under:
    Spain, Employment & Labor, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Social security
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados
    Consolidated criteria from an employment and social security perspective concerning the transfer of a production unit within insolvency proceedings
    2016-02-03

    Analysis GA&P | February 2016 1 Given the jurisdictional and material difficulties arising in the context of insolvency proceedings, the conclusions reached by judges specialised in corporate and commercial matters, in their various regular meetings, are invariably of tremendous interest. The recent conference held in Pamplona at the beginning of last November was no exception, particularly so, as far as this paper is concerned, in relation to the employment and Social Security aspects of a production unit transfer. As is well known, the referral of arts.

    Filed under:
    Spain, Employment & Labor, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Social security
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados
    Orden de prelación en los créditos contra la masa desde la comunicación de la insuficiencia de la misma y no desde su vencimiento: afectación a los créditos de la seguridad social
    2016-04-14

    La Tesorería General de la Seguridad Social viene oponiéndose a que se le aplique el artículo 176 bis.2 de la Ley Concursal en aquellos créditos cuyo vencimiento resultara anterior a la entrada en vigor de la reforma de la citada norma. Se entiende que ha de considerarse el pago de la deuda contra la masa a su respectivo vencimiento, en aplicación de la norma que estaba en vigor cuando se generó la deuda o, al menos, cuando se reclamó por parte de la Tesorería General de la Seguridad Social dicha deuda a la administración concursal.

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Gomez-Acebo & Pombo Abogados, Social security
    Authors:
    Lourdes López Cumbre
    Location:
    Spain
    Firm:
    Gomez-Acebo & Pombo Abogados

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