Centre of main interests

Germany announces draft restructuring law in line with EU directive

German lawyers have cautiously welcomed a preventative restructuring regime outlined in a long-awaited draft bill that they hope will enable company rescues outside of insolvency and stymie the flow of companies who have headed abroad.

24 September 2020

IBA webinar: LatAm airline Chapter 11s, forum shopping or sound strategy?

Specialists from the US, Brazil, Chile and Mexico met to discuss the allure of the Chapter 11 process for Latin American’s three largest airlines, Avianca, LATAM and Aeroméxico, as well as the potential pitfalls of forum shopping.

10 September 2020

Australian court recognises pilot’s Hong Kong bankruptcy in tricky COMI case

An Australian court has recognised the Hong Kong bankruptcy estate of an airline pilot, despite expressing concerns over the determination of his centre of main interests.

12 August 2020

EU court interprets COMI under recast Insolvency Regulation

An EU court has interpreted the recast Insolvency Regulation to find that a couple who live and work in England, but whose only immovable asset is in Portugal, probably have their COMI in the UK.

21 July 2020

Montreal tea retailer rethinks its business model in CCAA and Chapter 15

Canadian specialty tea retailer DAVIDsTEA has been granted court protection in Canada and applied for Chapter 15 recognition, as it restructures its business model from shops to online.

09 July 2020

Get unlimited access to all Global Restructuring Review content