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    Business sales: new employment risks
    2008-03-20

    At the end of February 2008 new rules were introduced aimed at tightening the existing measures to combat illegal working, by making it more difficult for people to exceed any permission granted to stay in Great Britain or continue working in breach of the conditions imposed on them by the immigration authorities and to make it easier for employers to ascertain whether it is legal for them to engage any prospective employee.

    Prevention of illegal working

    Filed under:
    United Kingdom, Immigration, Insolvency & Restructuring, Squire Patton Boggs, Breach of contract, Employment contract
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs
    Spanish Corporate-Real Estate Legal Update nº 31. July 2016: The Supreme Court Rates a Credit as Subordinated Because the Creditor Is a Company Belonging to the Insolvent Company’s Group
    2016-07-06

    Judgment of the Supreme Court, Chamber One, Number 134/2016, 04 March

    Filed under:
    Spain, Insolvency & Restructuring, Litigation, Real Estate, Squire Patton Boggs, Legal personality, Shareholder, Credit (finance), Debtor, Consideration, Debt, Mortgage-backed security, SCOTUS, Court of cassation
    Authors:
    Ramón Castilla
    Location:
    Spain
    Firm:
    Squire Patton Boggs
    It Ain’t Over Till (When?) — Finality of Bankruptcy Court Decisions
    2016-06-01

    The courts have long struggled with the question of whether particular orders entered by a bankruptcy court are final, and therefore appealable as a matter of right. It is generally recognized that a bankruptcy case is distinctly different from the usual civil case in that it is a framework within which a variety of disputes arise and are resolved. That distinction is recognized in 28 U.S.C. §158(d)(1), which provides that appeals as of right maybe taken not only from final judgments in cases but from “final judgments, orders, and decrees…in cases and proceedings….”

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Bankruptcy, Secured creditor, United States bankruptcy court, Seventh Circuit
    Authors:
    G. Christopher Meyer
    Location:
    USA
    Firm:
    Squire Patton Boggs
    German Insolvency Law applies to Director of English Company operating in Germany
    2016-04-13

    The statistics show that over 10,000 English limited companies operate in Germany. The company is registered in the Companies Register in the UK, but has a branch active in Germany, which is registered in German Company registries. On 10 December 2015 the Court of Justice of the European Union (ECJ) decided on the question whether the liability of the director of English registered Kornhaas Montage und Dienstleistung Ltd (‘KMD’), which was subjected to German insolvency proceedings, should be determined by English law or by German law.

    Filed under:
    European Union, Germany, United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Court of Justice of the European Union
    Authors:
    Helen Kavanagh , Andreas Lehmann
    Location:
    European Union, Germany, United Kingdom
    Firm:
    Squire Patton Boggs
    German Administrator of Maple Bank GmbH seeks Chapter 15 Recognition in US
    2016-02-24

    Maple Bank GmbH (“Maple”) has operated in Frankfurt, Germany since 1994. The bank acted in the business areas of equity and fixed income trading, repos and securities lending, deposits, structured products and institutional sales. Maple has branches in Germany, Netherlands and Canada and subsidiaries in U.S., U.K. and the Cayman islands. It is part of the Maple Financial Group Inc., a privately held, global financial organisation based in Canada.

    Filed under:
    Germany, USA, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Federal Financial Supervisory Authority
    Authors:
    Dr Andreas Fillmann
    Location:
    Germany, USA
    Firm:
    Squire Patton Boggs
    China’s Steel Industry Fights For Survival
    2016-01-21

    China is one of the largest manufacturers and consumers of iron and steel products.   The steel industry in China has developed over several decades into the biggest in the world. China accounts for nearly 50% of world steel production. It has been driven by rapid modernization of its economy, construction, infrastructure and manufacturing industries.

    Filed under:
    China, United Kingdom, Insolvency & Restructuring, Trade & Customs, Squire Patton Boggs, Consumer protection, Environmental protection, Air pollution
    Authors:
    Quian (Sarah) Xiong
    Location:
    China, United Kingdom
    Firm:
    Squire Patton Boggs
    We need an answer: are unsecured creditors entitled to recover attorneys’ fees incurred during a bankruptcy?
    2015-11-30

    Most loan contracts include provisions allowing the collection of attorneys’ fees in the event the borrower defaults.  These attorney fee provisions are routinely enforced in collection suits brought in state courts.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Bankruptcy, Unsecured creditor
    Authors:
    Maxwell Tucker
    Location:
    USA
    Firm:
    Squire Patton Boggs
    High Court of Australia confirms power to freeze assets in anticipation of foreign judgments PT Bayan Resources TBK v BCBC Singapore Pte Ltd [2015] HCA 36
    2015-10-16

    The High Court of Australia has confirmed that Australian Supreme Courts have the power to make orders freezing the Australian assets of a foreign company in anticipation of a possible judgment in a foreign court being obtained against that foreign company.

    Background

    Filed under:
    Australia, Insolvency & Restructuring, Litigation, Squire Patton Boggs, High Court of Australia
    Authors:
    Michael Ferguson , Graeme Slattery , Rebecca Heath , Jeremiah Ooi
    Location:
    Australia
    Firm:
    Squire Patton Boggs
    Dodgy directors top trumps
    2015-09-01

    One of the functions of the UK Insolvency Service is to investigate directors’ conduct and if appropriate to commence directors disqualification proceedings or enter into disqualification undertakings. As the Insolvency Service has recently reviewed in its Newsletter the type of conduct which led to the longest disqualification bans in 2014/2015, now would seem like a perfect opportunity to reflect on the lessons learned from the biggest offenders.

    Filed under:
    United Kingdom, Company & Commercial, Insolvency & Restructuring, Squire Patton Boggs
    Authors:
    Caroline Castle , Jonathan Dunkley
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs
    IPs: beware taking fees on trust…
    2015-07-28

    At a time when insolvency practitioner’s (“IPs”) fees are being scrutinised more closely than ever, the case of Bell v Birchall and others [2015] is a timely reminder to IPs to consider the necessity of the work they propose to undertake, particularly in respect of assets that do not form part of the insolvent estate. In this case, the court ruled that it had no jurisdiction to make a “Berkeley Applegate” order.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Legal Practice, Litigation, Private Client & Offshore Services, Squire Patton Boggs
    Authors:
    Devinder Singh , Gemma Whale
    Location:
    United Kingdom
    Firm:
    Squire Patton Boggs

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