British Virgin Islands
In the recent judgment of the ECSC in the matter of Sumner Group Mining Limited v Zica S.A (BVIHC (Com) 2020/0171, Walkers successfully represented the respondent in defending...
The U.S. Bankruptcy Court for the S.D.N.Y. provided clarity in the Fairfield Sentry litigation on the implication of Sections 546(e) and 561(d), U.S. bankruptcy safe harbor laws,...
Law and Practice' chapter in the Chambers and Partners Global Practice Guide 2021 on Insurance & Reinsurance.
2020 was a crippling year for the aviation industry. With daily cash burn running into the tens of millions of dollars for many airlines, access to liquidity has been critical as treasury teams
We appreciate that these are challenging times and that the need for cross-border advice on insolvency and restructuring matters may be required at short notice.
The first part of this chapter looks at the key aspects of the successful Cayman Islands restructuring regime.
As Covid-induced insolvencies and restructurings gather pace, in Sun Cheong Creative Development Holdings Limited the Grand Court of the Cayman Islands (the "Grand Court") has provided a timely overview
In appointing restructuring provisional liquidators ("RPLs") to the Cayman Islands incorporated company, Sun Cheong Creative Development Holdings Limited ("SC")
The BREXIT transition period ended on 31 December 2020 and has significantly changed the UK insolvency landscape in terms of the effect this has on cross border insolvencies.
Recognition of UK insolvencies in Europe after Brexit is navigating uncertain waters. Following the completion of Brexit, the UK has left parts of the EU's private
Norton Rose Fulbright Hong Kong
In the current economic climate, and particularly in the context of the implications of COVID-19 (coronavirus), many businesses are considering restructuring and/or rescheduling indebtedness.
In this article, we provide an overview of the corporate bankruptcy and insolvency regime in Hong Kong.
The COVID-19 pandemic has given us an indelible reminder of the fragility of the social and economic constructs that we had perhaps taken for granted.
United Arab Emirates
It is quite obvious that coronavirus has somewhat brought the economy to a halt for a certain time and the government across countries are trying every bit possible to revive it.
Introduction of the Bankruptcy Law was a major step forward and was influenced by features of a number of insolvency law regimes in other jurisdictions, as well as international insolvency law trends.
Welcome to Collas Crill's insolvency year in review of 2020: a short reflection on some of Collas Crill's insolvency milestones across our jurisdictions.
This article considers the approach taken by the Cayman Court when faced with an application by a company to appoint 'soft touch' provisional liquidators and obtain the...
While it had been clear for most of the recent economic downturn that the 24% of Hong Kong Stock Exchange (HKSE) listed companies incorporated in Bermuda may have recourse to the...
With the quote set out above, Mr Justice Harris, the Companies Court judge of the Hong Kong High Court, Court of First Instance, shone a spotlight yet again on a vexing issue that has persisted...
This chapter discusses the defining features of Bermuda's insolvency landscape and the primary insolvency and rescue procedures available under Bermuda law, including compulsory liquidations...