Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    New German rules for management conduct in crisis still unclear
    2022-01-14

    In 2021, the German legislator changed the rules of conduct by inserting a further section into the German Insolvency Code (InsO).

    Background

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Taylor Wessing
    Authors:
    Dr. Rembert T. Graf Kerssenbrock
    Location:
    Germany
    Firm:
    Taylor Wessing
    Preventive restructuring in the Czech Republic
    2022-01-14

    Background

    The bill implementing the EU Preventive Restructuring Directive – a means of financial relief for entrepreneurs (companies only) – should have originally been enacted and introduced last year. As the bill has not yet been approved by the Chamber of Deputies, the deadline has been moved to July 2022.

    What's new?

    The new government has amended the original proposal, drafted by its predecessor.

    Filed under:
    Czech Republic, Insolvency & Restructuring, Taylor Wessing
    Authors:
    Thomas Rechberger
    Location:
    Czech Republic
    Firm:
    Taylor Wessing
    COVID-19 France - the new temporary 'crisis exit treatment' procedure for SMEs
    2022-01-14

    Background

    The crisis exit treatment procedure has been introduced to provide a temporary judicial procedure for debtors encountering difficulties related to the pandemic and the financing of their activities. This excludes debtors that are structurally in distress.

    The procedure enables debtors to adopt a repayment plan within a three-month period to resolve the company's financial difficulties. The procedure is subject to the rules governing judicial reorganisation proceedings with certain adaptations and exclusions.

    Filed under:
    France, Insolvency & Restructuring, Litigation, Taylor Wessing, Coronavirus
    Authors:
    Kristell Cattani , Inès Slougui
    Location:
    France
    Firm:
    Taylor Wessing
    Construction and Insolvency: Update
    2021-12-20

    In John Doyle Construction v Erith Contractors, the Court of Appeal has further considered the interrelation of insolvency and adjudication, providing guidance on the circumstances in which an adjudication award might be enforceable by a company in liquidation.

    The key takeaways

    Jurisdiction

    Filed under:
    United Kingdom, Construction, Insolvency & Restructuring, Litigation, Taylor Wessing, Court of Appeal of England & Wales, UK Supreme Court
    Authors:
    Rebecca May
    Location:
    United Kingdom
    Firm:
    Taylor Wessing
    English High Court sanctions Amicus restructuring plan
    2021-12-16

    On 15 November 2021, the English Court released its reasoned judgment for the sanction of Amicus Finance Plc's (Amicus) restructuring plan.

    Background

    Amicus, a short term property lender, entered administration in 2018. The administrators proposed a restructuring plan to compromise creditors' claims, exit the administration and ultimately restore the company as a going concern. The company faced imminent liquidation if the plan was not approved. Secured creditor, Crowdstacker, an online peer-to-peer lending platform, opposed the plan.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Taylor Wessing
    Authors:
    Louise Jennings
    Location:
    United Kingdom
    Firm:
    Taylor Wessing
    German startups may rely on borrowed funds
    2021-12-16

    In a recent judgment on directors’ liability, the Higher Regional Court of Düsseldorf (Oberlandesgericht Düsseldorf) held that startup companies are not deemed to be overindebted if they are receiving adequate finance from their shareholders or third parties.

    Background

    Filed under:
    Germany, Company & Commercial, Insolvency & Restructuring, Litigation, Taylor Wessing
    Authors:
    Leopold Bauer
    Location:
    Germany
    Firm:
    Taylor Wessing
    UK Administrators can be criminally liable for failure to notify Secretary of State of collective redundancies
    2021-12-16

    The High Court recently decided that a prosecution could be brought against an administrator under the Trade Union and Labour Relations (Consolidation) Act (TULRCA) in R (on the application of Palmer) v Northern Derbyshire Magistrates' Court [2021] EWHC 3013.

    Filed under:
    United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Taylor Wessing
    Authors:
    Louise Jennings , Kathryn Clapp
    Location:
    United Kingdom
    Firm:
    Taylor Wessing
    National Debtors Register - a new source of information in Poland
    2021-12-16

    The National Debtors Register (Krajowy Rejestr Zadłużonych “KRZ”) began operating in Poland in July 2021.

    The KRZ is a new valuable tool providing, among other things, information on debtors. It is a statewide, public register and can be accessed by any person who has the debtor's PESEL (Polish national identification number) or NIP (Polish taxpayer's identification number) or the file reference number of the debtor's case.

    Filed under:
    Poland, Insolvency & Restructuring, Litigation, Taylor Wessing
    Authors:
    Ewelina Stobiecka
    Location:
    Poland
    Firm:
    Taylor Wessing
    French accelerated safeguard procedure adapted to meet the EU Directive on preventive restructuring frameworks
    2021-12-16

    On 1 October, Ordinance 2021-1193 introduced changes to the 'accelerated safeguard' procedure making this the 'preventive restructuring framework' as required by the 2019 Directive.

    Certain conditions for the opening of an accelerated safeguard procedure have been retained with some modifications:

    Filed under:
    European Union, France, Insolvency & Restructuring, Taylor Wessing
    Authors:
    Kristell Cattani , Inès Slougui
    Location:
    European Union, France
    Firm:
    Taylor Wessing
    The impact of the recent changes to UAE bankruptcy law on the construction industry
    2021-12-15

    Liquidity issues within the construction industry have only been exacerbated by the COVID-19 pandemic. Faced with the high-profile collapse of major contractors in the region, the UAE has taken strides to improve upon its existing Bankruptcy Law (Law 9 of 2016) to ensure that it remains capable of facing the very modern challenges presented by the current climate. This includes the introduction of provisions which give debtors limited reprieve in circumstances of “Emergency Financial Crisis” under Law 9 of 2019 amending the Bankruptcy Law.

    Filed under:
    United Arab Emirates, Construction, Insolvency & Restructuring, Litigation, Taylor Wessing, Coronavirus, Construction & engineering
    Authors:
    Paul Blakeway
    Location:
    United Arab Emirates
    Firm:
    Taylor Wessing

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 11
    • Page 12
    • Page 13
    • Page 14
    • Current page 15
    • Page 16
    • Page 17
    • Page 18
    • Page 19
    • …
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days