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12,874 results found

Article

Cole Schotz PC | USA | 30 Mar 2021

New Chapter 11 Filing - Entrust Energy, Inc.

On March 30, 2021, Houston-based retail power provider Entrust Energy, Inc., filed a petition for relief under Chapter 11 of the Bankruptcy Code in…
Article

Duane Morris LLP | USA | 9 Mar 2021

Rocket Confirmations Gain Traction

Early evening on February 23, 2021, Belk Inc. and its affiliates (collectively, “Belk”) filed their Chapter 11 bankruptcy petitions in the Bankruptcy…
Article

Travers Smith LLP | European Union, United Kingdom | 7 Jan 2021

Brexit: Finance / Restructuring & Insolvency

Unless the Article 50 period is extended yet again, the UK is currently set to leave the EU on 31 October 2019 at 11pm GMT. However, if the…
Article

Pestalozzi Attorneys at Law | Switzerland | 19 Jun 2020

Moratoria during COVID-19 pandemic - an overview

Originally, unlike in other jurisdictions, the purpose of a moratorium in Switzerland was not necessarily to continue doing business, but rather to…
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 Attorneys | 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…
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