Liquidation

Should Jersey have a corporate rescue regime?

Partner Stephen Alexander and associate Max Galt at Mourant in Jersey set out why a traditionally creditor-friendly offshore jurisdiction like Jersey, with its commercially minded and flexible Royal Court, would still benefit from introducing a statutory reorganisation process.

24 September 2020

Radcliffe adds new silk in London

London-based Radcliffe Chambers has reinforced its litigation and appellate practice with the arrival of barrister David Mohyuddin QC.

17 September 2020

Singapore court appoints RSM Advisory as energy services group enters JM

A Singaporean court has placed oil and gas services provider Hiap Seng Engineering and its subsidiary HS Compression & Process in judicial management, confirming the appointments of two RSM Advisory partners.

16 September 2020

Members should decide on liquidated group’s restoration, English appeal court rules

In the first reported case of minority shareholders restoring a company to investigate an earlier members’ voluntary liquidation, an English appeal court has found that the members of a group of venture capital trusts must collectively decide whether its restoration should stand.

15 September 2020

Nortel’s Polish arm to end decade-long administration

The joint administrators of Nortel Networks Polska have secured termination and discharge orders from the High Court in London to bring an end to its 11-year administration in England.

26 August 2020

Mumbai tribunal appoints IP over Reliance chair Ambani’s assets

A tribunal in Mumbai has appointed an insolvency professional to manage the assets of Anil Ambani, chair of the Reliance telecoms group, after hearing arguments that Chinese banks who sued him in the UK could attach his assets before Indian creditors.

24 August 2020

Isle of Man investment company seeks US recognition

An Isle of Man-incorporated investment company is seeking Chapter 15 recognition of its creditors’ voluntary liquidation, following a “lack of cooperation” that has prevented its liquidators from investigating the company’s US assets.

24 August 2020

BVI court refuses to discharge freezing order against Chinese cinema owner

A British Virgin Islands court has refused to set aside a freezing order against the Chinese owner of insolvent cinema group SMI Holdings, addressing a recent appeal decision on Chabra injunctions.

18 August 2020

Hong Kong assistance requested again in Australia’s Rennie Produce liquidation

An Australian court has requested assistance from the High Court of Hong Kong to summons three Hong Kong residents in the decade-old liquidation of Australian crop planting company Rennie Produce.

18 August 2020

COMI not in place of registration by default, English court rules

An English court has issued a winding-up order against a Maltese-registered oil company, after finding its centre of main interests was in the UK rather than its place of registration by default.

17 August 2020

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