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UK Supreme Court clarifies the balance-sheet insolvency test

Herbert Smith Freehills LLP
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United Kingdom
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May 16 2013

The Supreme Court has delivered a judgment providing welcome clarification on the construction and effect of section 123(2) of the Insolvency Act

Holding the defensive line: Delaware court rejects extension of WARN Act liability to private equity sponsor

Debevoise & Plimpton LLP
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USA
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May 16 2013

On May 10, 2013, Judge Brendan Linehan Shannon of the United States Bankruptcy Court for the District of Delaware rejected an attempt to hold a

Amendment of the Credit Guarantee Fund Act and the Technology Credit Guarantee Fund Act for the debt relief of SME joint guarantors

Yoon & Yang LLC
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South Korea
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May 15 2013

Under the current Debtor Rehabilitation and Bankruptcy Act ("Debtor Rehabilitation Act"), even if a debtor's debt is reduced or exempted when a

Eurosail has the balance been redressed?

Latham & Watkins LLP
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United Kingdom
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May 15 2013

The Eurosail Supreme Court ruling of 9 May 2013 dismissed the appeal but simultaneously rejected the “point of no return” test relied upon by the

No termination of commercial agreements in the case of German insolvency proceedings?

Fried Frank Harris Shriver & Jacobson LLP
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Germany
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May 15 2013

Commercial agreements usually provide for extraordinary termination rights or even automatic cancellation in the case of insolvency of one of the

Events of default? Worth checking your contracts again

Morton Fraser
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United Kingdom
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May 15 2013

The Supreme Court handed down an important judgement last week in the case of BNY Corporate Trustee Services Limited v Eurosail - UK 2007 - 3BL PLC

EU Court of Justice finds that Ireland must protect pension benefits in bankruptcy

Haynes and Boone LLP
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European Union, Ireland
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May 14 2013

The EU Court of Justice held that Directive 200894EC of the European Parliament and of the Council of 22 October 2008 ("Directive 200894") applies

Bill for a directorship disqualification order under civil law: political posturing or a real weapon against bankruptcy fraud?

Boekel De Nerée
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Netherlands
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May 13 2013

Recently the Minister of Justice issued a draft bill which, if enacted, will introduce a directorship disqualification order under civil law. The

Rare Council of State case law: environmental compliance in case of insolvency

NautaDutilh
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Netherlands
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May 13 2013

Who is responsible for compliance with environmental regulations when a company is declared bankrupt? Who is liable in these circumstances to pay

Supreme Court decides Bullock v. BankChampaign, N. A.

Faegre Baker Daniels
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USA
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May 13 2013

On May 13, 2013, the Supreme Court decided Bullock v. BankChampaign, N.A., No. 11-1518. Under 11 U.S.C. 523(a)(4), an individual cannot obtain a

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Search results

UK Supreme Court clarifies the balance-sheet insolvency test

Holding the defensive line: Delaware court rejects extension of WARN Act liability to private equity sponsor

Amendment of the Credit Guarantee Fund Act and the Technology Credit Guarantee Fund Act for the debt relief of SME joint guarantors

Eurosail has the balance been redressed?

No termination of commercial agreements in the case of German insolvency proceedings?

Events of default? Worth checking your contracts again

EU Court of Justice finds that Ireland must protect pension benefits in bankruptcy

Bill for a directorship disqualification order under civil law: political posturing or a real weapon against bankruptcy fraud?

Rare Council of State case law: environmental compliance in case of insolvency

Supreme Court decides Bullock v. BankChampaign, N. A.

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