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This article first appeared in The ICLG to: Restructuring and Insolvency Laws & Regulations, which covers common issues in restructuring and insolvency, including issues that arise when a company is in financial difficulties, restructuring options, insolvency procedures, tax, employees and cross-border is.
The decision of the Supreme Court of Bermuda in Re Ping An Securities Group (Holdings) Limited is a useful reminder of the facts that the jurisdiction to appoint liquidators following first meetings is discretionary and that creditor autonomy in the matter of appointments is not unlimited.
The increase in the cost of living and the significant rise in inflation has the potential to have an adverse impact on debt recovery. However, taking proactive steps to tackle bad debt (as a creditor) and to resolve unpaid debt issues (as a debtor) can facilitate a swift resolution to solving problems without court intervention. In this article, we look at the impact of mounting debts from both a debtor and creditor perspective.
We are pleased to have boosted our Israel office with the appointment of Ilana Bar, one of the country’s most respected corporate insurance and institutional entities lawyers.
With the Coronavirus Job Retention Scheme coming to an end on 30 September 2021, responsibility for staff salary costs will rest solely with employers once more and the UK Government will no longer make financial contributions towards the pay of employees on furlough.
Commercial recoveries and enforcement: how the change in UK enforcement rules may affect you and your business this autumn
The relaxation in restrictions that currently prevent companies from being wound up by creditors for non-payment of a debt (in certain circumstances), under emergency COVID-19 legislation, comes to an end on 30 September 2021.
Vi analyserer, om der er en sammenhængen mellem konkurskarantænesager og ledelsesansvarssager. Sammenhængen er relevant for både direktions- og bestyrelsesmedlemmer og de forsikringsselskaber, der udbyder bestyrelses-/ledelsesansvarsforsikringer.
Kennedys has continued its growth in the Middle East with the opening of a new office in Muscat, in the Sultanate of Oman. This office opening is in response to client demand for a presence in Oman, and sees Kennedys become the only international insurance-focused law firm in the country.
Kennedys has relocated its Manchester team to new premises in the city following further expansion in the team. Kennedys opened in Manchester in October 2008 with a team of 12 and in October 2016 the team moved to larger premises in The Tootal buildings.
Case review 20-04-2021
The Court of Appeal decision in Morley (t/x Morley Estates) v Royal Bank of Scotland Plc [11.03.21] considered whether a borrower had been subjected to economic duress or intimidation during negotiations with Royal Bank of Scotland (RBS) to restructure a loan.