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13,161 results found

Article

ParrisWhittaker | Bahamas | 13 May 2020

Freezing by Mareva

The use of a Mareva injunction to freeze someone’s assets is a dangerous and effective weapon when used against debtors. The award-winning commercial…
Article

CMS Netherlands | European Union, Global, Netherlands | 9 Mar 2020

WHOA - The future of (international) debt restructurings in The Netherlands

The Act on the confirmation of private plans (Wet homologatie onderhands akkoord or WHOA) was submitted to the Dutch parliament last year and, once…
Article

Banwo & Ighodalo | Nigeria | 27 Feb 2020

Is a lien placed by FIRS on a taxpayer’s bank account a valid encumbrance against garnishee order?

The propriety of an administrative notice issued by the Federal Inland Revenue Service (“FIRS”), directing a bank to freeze an account of a customer…
Article

Loeb Smith | Cayman Islands | 24 Feb 2020

Statutory demands in the Cayman Islands

A statutory demand is a formal demand for payment of a debt made by a creditor to a debtor. It may be used as the basis for an application for a…
Article

FisherBroyles LLP | USA | 20 Feb 2020

Small Business Reorganization Act of 2019 (SBRA) is Effective

The Small Business Reorganization Act of 2019 (“SBRA“) is in effect as of yesterday, February 19, 2020. The SBRA was enacted to provide smaller…
Article

FisherBroyles LLP | USA | 20 Feb 2020

Seventh Circuit Holds that Reclamation Claims are Statutorily Subordinate to Prior Floating Liens on Inventory

In Whirlpool Corporation v. Wells Fargo Bank, N.A., et al. (In re hhgregg, Inc.), No. 18-3363 (7th Cir. Feb. 11, 2020), the Seventh Circuit Court of…
Article

Aird & Berlis LLP | Aird & McBurney LP | Canada | 13 Feb 2020

Proactive Super-Priority of DIP Lenders Prevails over Reactive Post-Filing Creditors

The Quebec Court of Appeal’s unanimous decision in Gestion Éric Savard reaffirms the super-priority ranking of CCAA DIP financing over regular…
Article

Baker McKenzie | United Arab Emirates | 11 Feb 2020

The New Insolvency Regime in the UAE

The UAE has pioneered a new insolvency regime for individuals or natural persons with the issuance of the stand-alone Insolvency Law No. 19 of 2019…
Article

Baker McKenzie | United Arab Emirates | 10 Feb 2020

Middle East Insights

The UAE has pioneered a new insolvency regime for individuals or natural persons with the issuance of the stand-alone Insolvency Law No. 19 of 2019…
Article

Borden Ladner Gervais LLP | Canada | 10 Feb 2020

SCC decision opens doors to litigation funding in insolvency proceedings

On January 23, 2020, the Supreme Court of Canada unanimously allowed the appeal from the Québec Court of Appeal’s decision in 9354-9186 Québec Inc…
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