Topic: Economic updates and trends

We examine what a trade credit insurance is and why it is important to keep insurers close in special situations.

We are delighted to announce the launch of Norton Rose Fulbright’s new Restructuring Touchpoint Blog – a dedicated hub of resources that will bring you the latest developments on restructuring and insolvency across the world.

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.

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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.

Under English insolvency law, creditors “prove” for their debts against an insolvent debtor’s assets.

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.