Topic: Economic updates and trends
Subscribe to Economic updates and trendsWhen is a Cayman Islands liquidation not a foreign proceeding?
April 25, 2023
INSOL International’s latest news update discusses a decision by a court in the Southern District of New York finding that a Cayman Islands liquidation under Section 92(e) of the Companies Act is not a foreign proceeding that can be recognized under Chapter 15 of the US Bankruptcy Code.
What debts are provable on a debtors insolvency Part Two
March 31, 2023
In the second of this two-part post, we continue our overview of claiming in a debtor’s insolvency. In particular we look at contingent debts, interest on debts, and debts in foreign currencies.
What debts are provable on a debtor’s insolvency? Part One
March 31, 2023
Under English insolvency law, creditors “prove” for their debts against an insolvent debtor’s assets.
No amendment to the ranking of security rights under the Dutch Scheme (WHOA) procedure
March 29, 2023
The Rotterdam District Court, the Netherlands, has ruled that an amendment to the ranking of security rights is not possible under the Dutch Scheme procedure (WHOA), without the consent of the relevant secured creditors.
