Regional news: Sweden

“Good forum shopping”: English court sanctions Flint Group schemes

An English court has sanctioned schemes for seven international subsidiaries of Luxembourg-headquartered Flint Group, finding a change of governing law in their debt agreements gave the companies sufficient connection to England.

30 July 2020

New scheme notice requirements should not be bypassed, English court affirms

An English court has published its reasons for convening scheme of arrangement meetings for Luxembourg-incorporated Flint Group, after applying new creditor notice requirements for the first time.

14 July 2020

US removes sanctions on struggling Swedish oil refiner as PDVSA divests

Swedish oil refiner Nynas said it hopes to exit its administration process after the US announced it had removed sanctions imposed on the company last year under the Venezuela Sanctions Regulations.

14 May 2020

Cayman court reinforces liquidators’ clawback powers

A Cayman Islands appeals court has upheld the authority of liquidators to pursue clawback actions in the name of pari passu distribution, dismissing a challenge from an investor into a Cayman vehicle whose manager was found to have fraudulently covered up its insolvency.

28 November 2016

London: Laying the groundwork for a European approach to fraud in insolvency

INSOL Europe’s Young Members Group and Anti-Fraud Forum convened in London last week to assess the varying approaches to fraud in insolvency cases in different jurisdictions across Europe.

17 November 2016

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