Archive: March 2023

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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.

Small business restructuring in Australia – Two years on, is the new process working as intended?

March 23, 2023

From 1 January 2021, Australia’s insolvency framework for small businesses changed.

Looking forward to the revival of the pre-pack In the Netherlands

March 22, 2023

The pre-pack was widely used as a restructuring tool in the Netherlands in the aftermath of the global financial crisis.

The benefits of Canada’s CCAA

March 02, 2023

When faced with a cross-border or multi-jurisdictional filing, it is important to understand the key attributes of the restructuring legislation in all applicable jurisdictions.