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Insolvency & Restructuring

11 January 2019
Mathew Newman Royal Court issues letter of request to High Court

Guernsey - Ogier

Two joint administrators recently applied to the Royal Court of Guernsey seeking an order that it issue the High Court of Justice of England and Wales with a letter of request to act in aid of and auxiliary to the Royal Court in recognising their appointment as administrators of a company. While the Royal Court has dealt with incoming letters of requests, in making the application, counsel was unaware of any case where the Royal Court's jurisdiction to issue a letter of request had previously been considered.

Authors: Mathew Newman, Sam Dingle
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PierDanilo Beltrami Loans granted by shareholders of companies in crisis – evolution of rules and interpretation of problems

Italy - Lombardi Segni e Associati

​​The reorganisation effort of distressed companies often requires new funding. This has led the Italian insolvency system to abandon punitive solutions in favour of incentives for companies in distress. An interesting aspect of this change is represented by the new rules adopted in recent years with regard to financing granted by shareholders of companies in crisis.

Author: PierDanilo Beltrami
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Authors: Andreas Erotocritou, Alexis Erotocritou
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Austria - Graf & Pitkowitz Rechtsanwälte GmbH

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Belgium - ALTIUS

Author: Bart Heynickx
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Finland - HPP Attorneys Ltd

Author: Lasse Luoma