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Liquidation procedures in Bermuda
  • MJM Barristers & Attorneys
  • Bermuda, Global
  • December 15 2017

A structured guide to liquidation procedures in Bermuda

Something is better than nothing: court approval of liquidator entering litigation funding agreement
  • Corrs Chambers Westgarth
  • Australia
  • June 23 2017

This week’s TGIF considers In re City Pacific Limited in which the NSW Supreme Court considered whether to approve a liquidator entering into a

Jefferson County, Alabama files largest-ever municipal chapter 9 bankruptcy
  • Allen & Overy LLP
  • USA
  • November 10 2011

On November 9, 2011, Jefferson County, Alabama filed the largest-ever municipal bankruptcy case under chapter 9 of the U.S. Bankruptcy Code (the Bankruptcy Code),

Bankrupt New Zealander bankrupted in Australia
  • Norton Rose Fulbright
  • New Zealand, Australia
  • November 9 2011

Another failed property developer has just been made bankrupt in Australia, this time with a difference he was already bankrupt in New Zealand.

Los Angeles Dodgers' Chapter 11 case: no replay of Texas Rangers' drama
  • Kelley Drye & Warren LLP
  • USA
  • November 9 2011

A World Series as exciting as any in memory ended two weeks ago.

First past the post
  • Gowling WLG
  • United Kingdom
  • October 31 2011

The court has confirmed that where there is no insolvency, the general principle of 'first past the post' applies between judgment creditors unless undue prejudice would be caused to the other creditors.

Re Indalex Limited: a question of priorities
  • McCarthy Tétrault LLP
  • Canada
  • October 28 2011

The Ontario Court of Appeal’s decision in Re Indalex Limited in April has raised a number of questions about the strength of secured creditors’ interests, and the scope of an employer’s duty as administrator of a pension plan under the Companies’ Creditors Arrangement Act.

First plan of arrangement completed in the BVI
  • Harneys
  • British Virgin Islands
  • September 28 2011

Jacqueline Daley-Aspinall and Keisha M Durham recently advised on and effected the first plan of arrangement completed under the BVI Business Companies Act in accordance with section 177.

Echelon Part 1 - no right of retention for former liquidators
  • MacRoberts LLP
  • United Kingdom
  • June 9 2011

In a recent case in relation to the liquidation of Echelon Wealth Management Limited ("E"), Lord Glennie has decided that upon removal as liquidator, a former liquidator may not retain from the assets of the liquidated company any sum as security for costs.

Lehman update: derivatives creditors file a competing plan
  • Richards Kibbe & Orbe LLP
  • USA
  • April 26 2011

On April 25, 2011, as widely expected, a group of Lehman creditors holding claims arising from terminated derivatives transactions filed a competing plan of reorganization and related disclosure statement in the Debtors' chapter 11 cases.