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Insolvency & Restructuring

15 January 2021
Mathew Newman Not just a rubber stamp: principles for liquidators to get decisions blessed by Royal Court

Guernsey - Ogier

The Royal Court recently brought an end to an important chapter in a long-running dispute regarding control of the exploration and exploitation of the oil and gas reserves of Georgia. This judgment makes it clear that liquidators can approach the court to approve a significant decision that they have taken to enter into a transaction and that such decision is akin to a Public Trustee v Cooper blessing of a momentous decision in a trusts context.

Author: Mathew Newman
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Alicia Herrador Muñoz New insolvency and restructuring measures due to COVID-19 pandemic

Spain - Augusta Abogados

Due to the continuation of the COVID-19 pandemic, the government has approved Royal Decree-Law 34/2020 on urgent measures to support business solvency and the energy sector in tax matters (RDL 34/2020). RDL 34/2020 affects the solvency support available to companies and introduces new, urgent measures in the finance and insolvency sectors. This article summarises these measures.

Authors: Alicia Herrador Muñoz, Sara Iglesias López
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Recent updates

Marc Kish Snapshot: compulsory liquidation

Cayman Islands - Ogier

Authors: Marc Kish, Gemma Lardner, Jeremy Snead
Bruce MacNeil Jersey corporate insolvency procedures

Jersey - Ogier

Author: Bruce MacNeil
Alexis Erotocritou Legal framework on voluntary liquidation – an overview

Cyprus - AG Erotocritou LLC

Authors: Alexis Erotocritou, Grigoris Sarlidis
Rachael Markham Failure to abide by deed of priority may result in appointment of administrators being void

United Kingdom - Squire Patton Boggs

Authors: Rachael Markham, Emily Davis
Beat Mumenthaler Foreign liquidators' powers to collect assets located in Switzerland – first experiences under new legislation

Switzerland - Pestalozzi Attorneys at Law

Authors: Beat Mumenthaler, Louis de Mestral, Alain Muster
Daniel J Merrett Another bankruptcy court rules that a traded claim can be disallowed if the seller received a voidable transfer

USA - Jones Day

Authors: Daniel J Merrett, Mark Douglas

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