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Des Voeux Chambers | Hong Kong | 22 Sep 2023
Novel Decision by the Court of Appeal on costs, fees and expenses following the Setting Aside of a Bankruptcy Order on appeal
Where a bankruptcy order has been made and the Official Receiver/trustee in bankruptcy has been appointed, how should their fees and expenses be…
Global Restructuring Review | China | 15 Sep 2023
Major developments in China’s surging restructuring market
In recent years, the Supreme People’s Court has released several influential judicial documents. Developments in cross-border bankruptcy, active…
Blaney McMurtry LLP | Canada, USA | 8 Sep 2023
Court of Appeal summaries (September 4 - September 8)
In AssessNet Inc. v. Ferro Estate, the Court set aside an order dismissing the action, finding that the summary judgment motion judge had erred in…
Gün + Partners | Turkey | 6 Sep 2023
Court of Cassation examines impact of bankruptcy on collection of employee receivables
In practice, bankruptcy of a defendant employer during court proceedings related to employee receivables may be confusing for both the parties of a dispute and the courts handling the proceedings. The Court of Cassation recently examined a case where the defendant employer became bankrupt during court proceedings initiated for employment receivables.
Taylor Wessing | United Kingdom | 6 Sep 2023
English Court of Appeal finds bankruptcy trustees are not required to act in the interests of creditors at all costs
The Court of Appeal has recently referred to established case law that the court will only interfere with the act of an officeholder “if he has done…
Gün + Partners | Turkey | 6 Sep 2023
Court of Cassation Examines Impact of Bankruptcy on Collection of Employee Receivables
In practice, bankruptcy of a defendant employer during court proceedings related to employee receivables may be confusing for both the parties of a…
Lexology PRO | USA | 30 Aug 2023
Syndicated loans are not securities, Second Circuit rules
A US appeals court has averted an “existential threat” to the US$1.4 trillion syndicated loan market, rejecting arguments that would have classed a set of broadly syndicated term loans as securities. But, noting the “fact-specific” nature of the court’s reasoning, practitioners are already drawing lessons from the decision on how to structure such loans going forward.
Mintz | USA | 29 Aug 2023
Energy & Sustainability IP Updates — August 2023
For the third consecutive month, Tesla finds itself involved in a new patent infringement lawsuit, this latest time as a defendant in an action filed…
Seeds of Law (formerly Peeters Law) | Belgium, European Union | 25 Aug 2023
Reform of the insolvency laws from September, 1 2023
On June, 20 2019, the European Parliament adopted a new directive harmonising insolvency law at a European level for the first time. It was a long…
Seeds of Law (formerly Peeters Law) | Belgium, European Union | 25 Aug 2023
Le droit de l’insolvabilité réformé dès le 1er septembre 2023
Le 20 juin 2019, le Parlement Européen a adopté une nouvelle directive qui harmonise pour la première fois le droit de…
