The EU has taken aim at fraudulent or abusive forum shopping in the Recast Insolvency Regulation, acknowledging the potential for misuse by debtors seeking to take advantage of more flexible insolvency processes available in...more
10/19/2017
/ Cayman Islands ,
Chapter 15 ,
COMI ,
Cramdown ,
Creditors ,
Debt Restructuring ,
Debtors ,
EU ,
Foreign Bankruptcies ,
Foreign Judgments ,
Foreign Subsidiaries ,
Forum Shopping ,
Insolvency ,
Jurisdiction ,
Parent Corporation ,
Shareholders ,
Value Maximization
Schemes of arrangement remain a popular tool for companies to reach a compromise with their creditors and effect complex multi-jurisdictional restructurings. In this article, we highlight a number of recent judicial decisions...more
10/17/2017
/ Brussels Regulation ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Debt Restructuring ,
EU ,
Exceptions ,
Insolvency ,
Jurisdiction ,
Member State ,
Scheme of Arrangement ,
Share Class Structures ,
Share Classes ,
Shareholder Votes ,
UK
Legislative changes in Singapore and the EU introduce pre-insolvency processes facilitating non-consensual debt restructurings or cram downs comparable to those already available in London and New York. In particular, the EU...more
7/12/2017
/ Bankruptcy Reform ,
Cramdown ,
Cross-Border ,
Debt Restructuring ,
EU ,
Foreign Debt ,
Insolvency ,
Multinationals ,
New Legislation ,
Singapore ,
UK Brexit ,
UNCITRAL