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Hong Kong has adopted bail-in legislation and the Netherlands has amended its approach to directors’ liability in recent weeks, as sweeping changes await passage in Malaysia.
08 July 2016
India’s new Bankruptcy Code includes provisions allowing Indian courts to cooperate with foreign courts in cross-border proceedings - but some lawyers have concerns the new law in its current form may bring procedural burdens.
08 July 2016
The liquidator of bankrupt Australian construction company Forge Group is in advanced discussions to seek a second bout of litigation funding, as its investigations into the conduct of a major Singaporean contractor face delays.
06 July 2016
Affiliates of the Cayman-registered industrial fishing company China Fishery Group have filed a cluster of Chapter 11 and Chapter 15 applications in the US, seeking to delay a fire sale of the group’s Peruvian assets.
04 July 2016
A court in Melbourne has appointed liquidators over Delaware-incorporated miner Legend International Holdings, declining to recognise its parallel Chapter 11 filing under the US bankruptcy Code.
23 June 2016
Peabody, the world’s largest private coal producer, has applied for recognition of its US bankruptcy proceedings in the British Overseas Territory of Gibraltar, in what is the first test of the peninsula’s new cross-border insolvency regime.
22 June 2016
Winsway Enterprises Holdings, a British Virgin Islands-incorporated coking coal supplier that predominantly operates in China, has obtained approval of its Hong Kong scheme of arrangement from a New York court soon after a parallel scheme of arrangement was sanctioned in the BVI.
17 June 2016
UPDATED: The Singapore Supreme Court has recognised a Japanese trustee appointed over a pair of British Virgin Islands-incorporated medical companies, affirming for the first time that bankruptcy proceedings in a company’s centre of main interests, but outside its place of incorporation, can be recognised in the city-state.
14 June 2016
Over the past two weeks, judges in New York have recognised foreign proceedings in Hong Kong and Canada under Chapter 15, while a further filing in the Wyly saga was registered in Texas.
13 June 2016
At its first conference in Asia this week, the International Insolvency Institute (III) presented its inaugural founder’s award to octogenarian Japanese former judge Shinjiro Takagi, ahead of his forthcoming move to Singapore to help it become an international debt restructuring hub.
06 June 2016
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