In a significant judgment on 9 November 2017, the High Court in London granted recognition of the extraordinary administration proceedings on-going in respect of the Croatian conglomerate Agrokor as a foreign proceeding under...more
1/29/2018
/ Appeals ,
Croatia ,
Cross-Border Insolvency Regulations (CBIR) ,
Cross-Border Transactions ,
Enforcement Actions ,
Foreign Bankruptcies ,
Lenders ,
Member State ,
Moratorium ,
Public Policy ,
Russia ,
UK
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