Tag Archives: insolvency

June 24, 2020

First introduction of cramdown in Russian Bankruptcy

By Lidings Law Firm

In addition to recent measures supporting the economy and preventing spread of COVID-19 a new law No. 166-FZ dated 8 June, 2020 “On amendments to certain legislative acts of the Russian Federation with a view to taking urgent measures aimed at ensuring sustainable economic development and preventing the consequences of the spread of a novel coronavirus infection” was adopted (hereinafter referred to as Law no. 166). Law No. 166 amended regulations provided by the Bankruptcy law1 with several novels.

Posted in Insolvency/Restructuring
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ILN Today Post
June 16, 2020

ILN Bankruptcy, Insolvency & Rehabilitation Proceedings Guide

By Lindsay Griffiths

The members of our Restructuring & Insolvency Group have finalized their 2020 edition of the Bankruptcy, Insolvency & Rehabilitation Proceedings Guide, which can be found here.

Posted in Asia Pacific | Central & South America | Europe | Legal Updates | North America
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ILN Today Post
May 29, 2020

ENFORCING A CCJ IN SCOTLAND

By Miller Samuel Hill Brown

As you might expect, we are seeing an increase in debt recovery queries owing to the current circumstances. It’s worth noting that although the process isn’t operating as normal, CCJs can still be enforced, particularly if urgent.

If you, or your client, has obtained a County Court Judgement (CCJ) against a Scottish debtor we are able to assist you in registering that CCJ in Scotland to enable enforcement proceedings to commence.

Methods of enforcement include: earnings arrestment; winding-up/insolvency proceedings; attachment (seizure of certain goods); arrestment (of monies held in bank or with third parties); and inhibition (an order preventing sale of heritable property). Read the full blog here.

Posted in Insolvency/Restructuring
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ILN Today Post
May 29, 2020

Securing a foothold for a successful rebound from the economic effects of COVID-19

By Holmes Solicitors

How well prepared are Ireland’s banks for COVID-19?

Going into the pandemic recession banks are assessing their position. Brian McEnery and Harry Fehily crunch the figures. Irish banks seem to be in a better position facing into the current pandemic crisis as compared to their position entering the 2008 Global Financial Crisis. A number of strategies and policies will assist the Irish banks to weather the storm and assist our economy.  [Going into the pandemic recession banks are assessing their position. Brian McEnery and Harry Fehily crunch the figures]Read here.

Posted in Banking & Finance | Insolvency/Restructuring | Litigation
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May 29, 2020

Debt recovery: Landscape change in High Court summary judgment procedure

By Alice Steen of Holmes Solicitors

A recent Supreme Court decision focuses on lenders using the High Court summary summons procedure for debt recovery. Eadaoin Jackson looks at what this decision means for lenders going forward

In brief: In Bank of Ireland v O’Malley, the Supreme Court held that if a lender wishes to use the High Court summary summons procedure for debt recovery, it will be required to explain each of the component elements of the debt claimed.

Posted in Insolvency/Restructuring
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ILN Today Post
May 22, 2020

Insolvency of companies in Portugal

By MGRA & Associados

Insolvency of companies in Portugal – Liability of directors and managers article can be read here. 

Posted in Europe | Legal Updates
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ILN Today Post
May 6, 2020

Corporate directors and officers and fiduciary duties in the COVID 19 world: Same duties, but much more to do

By McDonald Hopkins LLC

One thing that hasn’t changed since the COVID-19 crisis hit? Directors and officers of corporations still have the same fiduciary duties that they had before the pandemic. What COVID‑19 has changed is what constitutes due care, and the impact of this is likely to be broadened by an enlargement of the parties who should be considered as fiduciary duties are discharged.
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Posted in Insolvency/Restructuring
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ILN Today Post
April 28, 2020

On Our Watch: CMBS in the Time of COVID-19

By Davis+Gilbert LLP

Perhaps no credit market is as much a bellwether for the economic crisis caused by the COVID-19 pandemic than commercial mortgage-backed securities (CMBS). While the impact of relief programs on consumer-based markets remains to be seen, CMBS offers a broad view into the health of consumers, vulnerable industries, the success of stimulus programs on small and medium-sized businesses and the overall economy. Deals in the pipeline may be in jeopardy as parties re-evaluate their positions and consider the outlook for commercial tenants in vulnerable areas, such as hospitality and retail. Meanwhile, performance of existing deals may be impacted by commercial tenant insolvencies and suspensions of bankruptcy proceedings. Read more…

Posted in Insolvency/Restructuring
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April 27, 2020

Steel producer operating in Italy struggles to protect its activities

By Giorgio Cherubini of EXPLegal
Steel producer operating in Italy struggles to protect its activities
Authors: Giorgio Cherubini, Giancarlo Cherubini The article published in INSOL Europe’s Eurofenix magazine examines the…
Giorgio Cherubini
Giancarlo Cherubini
Posted in Insolvency/Restructuring
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ILN Today Post
April 24, 2020

On Our Watch: ESG in the Time of COVID-19

By Davis+Gilbert LLP

Here’s something you don’t see much of these days, a market doing well and with the potential for real “green” shoots. With an emphasis on social responsibility and community support, ESG investing is a bright spot. Still, there are also reasons to be cautious, especially if social issues dominate over environmental ones. There are good reasons to keep investing in both. Read more…

Posted in Insolvency/Restructuring
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