Regional news: Malta

Creditor challenges Evan Group insolvency, claims assets siphoned off to family owners

Malta-registered real estate company Evan Group’s largest bondholder has called on it to withdraw an insolvency application filed earlier this month after a failed German StaRUG process, claiming its debts can be repaid in full.

23 June 2023

US court approves novel bitcoin DIP financing

In what is the first order of its kind, a Delaware court has authorised bankrupt Seattle-based crypto platform Bittrex to obtain a debtor-in-possession loan to be paid and repaid entirely in bitcoin.

13 June 2023

Evan Group enters insolvency after cross-border StaRUG fails

Malta-registered real estate company Evan Group has filed insolvency proceedings in Düsseldorf after the failure of a German StaRUG process it launched last year.

08 June 2023

Quinn Emanuel brought in as Bittrex files Ch11 following SEC charges

Seattle-based crypto platform Bittrex has sought Chapter 11 protection with two of its Maltese subsidiaries and asked a US bankruptcy court to approve a debtor-in-possession loan to be paid and repaid in bitcoins.

09 May 2023

Europe column: COMI and ascertainability by third parties

Bob Wessels comments on Lord Justice Lewison’s concurring opinion in the recent English Court of Appeal centre of main interests decision in East-West Logistics v Melars Group.

14 November 2022

COMI: Court of Appeal finds governing law of contracts does not displace place of registration presumption

An oil trader has failed to persuade an English court that a Maltese-registered oil company’s hard-to-determine centre of main interests is in England – the country whose law governed the pair’s contracts – in the latest UK decision to interpret the European Insolvency Regulation.

31 October 2022

Maltese oil company’s ex-directors face English injunction application

The English liquidators of a Malta-registered oil company have asked a London court to stop two former directors from purporting to act on its behalf in Swiss proceedings - but they may face questions over the court’s jurisdiction.

07 May 2021

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

Malta first: winding-up stayed in the face of bona fide dispute

In a first of its kind ruling, a Maltese court has stayed a winding-up application against local aircraft conversion company Eolia, finding evidence of a bona fide dispute.

06 August 2020

Asset recovery column: Tools in action

Edward Davis and Annette Escobar, of Sequor Law in Miami, discuss a massive Ponzi scheme in Chile involving the execution of asset recovery and cross-border recognition tools in multiple jurisdictions.

17 September 2018

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