BITE SIZE KNOW HOW FROM THE ENGLISH COURTS
The Commercial Disputes Weekly will be taking a short break, returning on 6 April.
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With an increase in airline restructuring activity caused by the Covid-19 pandemic, aircraft financiers, lessors and their lawyers around the world have been analysing whether a restructuring plan under Part 26A of the Companies Act 2006 (a ‘Plan’) can be used by debtors to modify, without the creditors’ consent, their obligations under certain leases and security agreements to which the Cape Town Convention applies.
Bekanntlich ist die Qualifizierung eines Darlehens als Gesellschafterdarlehen in der Insolvenz des Darlehensnehmers besonders nachteilig, da Forderungen aus Gesellschafterdarlehen oder dem gleichgestellte Forderungen gemäß § 39 Abs.1 Nr. 5 InsO nachrangig sind und auch hierfür gestellte Sicherheiten nicht verwertet werden können.
OLG Hamm Entscheidung zu mittelbaren Gesellschafterdarlehen
Novedades concursales y fiscales introducidas por el Real Decreto‑ley 4/2014, de 7 de marzo, por el que se adoptan medidas urgentes en materia de refinanciación y reestructuración de deuda empresarial (B.O.E. de 8 de marzo de 2014) A. Objeto de la Reforma Con la entrada en vigor el pasado 9 de marzo del Real Decreto‑ley 4/2014, de 7 de marzo, por el que se adoptan medidas urgentes en materia de refinanciación y reestructuración de deuda empresarial (el “RD‑Ley 4/2014”), el ejecutivo trata de mejorar el marco legal de los acuerdos de refinanciación (los “Acuerdos de Refinanciación”).
Novedades concursales y fiscales introducidas por el Real Decreto‑ley 4/2014, de 7 de marzo, por el que se adoptan medidas urgentes en materia de refinanciación y reestructuración de deuda empresarial (B.O.E. de 8 de marzo de 2014)
Under the equity of exoneration, where jointly owned property is charged to secure the indebtedness of one joint owner, the other joint owner is presumed, in the absence of evidence to the contrary, to be acting as a surety only, and is entitled to be exonerated by the principal debtor. This long established principle remains relevant in the modern day, as was recently demonstrated in Day v Shaw.