"Key 2018 developments across the Canadian insolvency law landscape parallel those in other reporting jurisdictions featured in this Market Intelligence..."
"According to statistics compiled by the Office of the Superintendant of Bankruptcy, the third quarter of 2018 saw the most significant year-to-year increase in business insolvencies for several years, with a 4.6 per cent growth in insolvency filings in Q3 2018 over Q3 2017..."
"Jose V Zapata, Luis G Acero, Luis A Riveros: According to the information issued by the Colombian Superintendency of Companies (the authority competent to resolve the majority of insolvency cases in Colombia), the past several years saw a change in trends regarding insolvency procedures, showing a substantial increase in the number of filings for these types of procedures. This trend continued until 2018..."
"The past year confirmed the 2017 market’s uptrend, that is, 2018 saw a tangible improvement in the global framework and resulted in a decrease in insolvency cases..."
"The trends of the past year have continued, in the sense that we are seeing more sophisticated pre-insolvency filings, which grant the company an additional period of three months to negotiate a restructuring, failing which it will have to file for insolvency within an additional month..."
"High inflation and increased foreign borrowing caused a financial crisis in Turkey starting from last August with an unprecedented crash of the Turkish lira against all major foreign currencies, such as a decrease of more than 40 per cent of its value against the US dollar..."
"The past year has been dubbed the year of the CVAs (company voluntary arrangements) as, to date, a record number of retailers such as New Look, House of Fraser, Carpetright, Mothercare and Homebase and casual dining chains (eg, Prezzo, Jamie’s Italian, Byron and Carluccio’s) have sought to implement a CVA to compromise unsecured debt..."
"In 2017, we saw an increase in pre-packaged or pre-negotiated public company Chapter 11 restructurings with nearly one in four of the year’s total bankruptcies cases where the debtor had already negotiated at least some of the terms of its reorganisation or restructuring with a sponsor or a large majority of its creditors..."
"In order to understand the Venezuelan situation in general, and, in particular, the current insolvency practice, we need to focus on the general context..."