International Committee

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Post date: Monday, March 01, 2021

Author’s Note: Australia has a debtor-in-possession insolvency system administered by insolvency practitioners.

Post date: Monday, March 01, 2021
Photo of Rafael X. Zahralddin-Aravena
Rafael X. Zahralddin-Aravena

The term “silver lining” comes from Milton’s Comus, in which the silver lining is the light of the moon shining behind a cloud.[2] It is very difficult to find a silver lining in the COVID-19 pandemic, which has caused more than 500,000 deaths in the U.S.

Post date: Monday, March 01, 2021
Photo of Kenneth David Kraft
Kenneth David Kraft

In Canadian proceedings, it had previously been common for assets of the debtor to be conveyed to a purchaser through the granting of a vesting order. Normally, the court supervising the relevant insolvency proceeding in approving the transaction would issue an order that title to the purchased assets would vest in the purchaser “free and clear” of the claims of the vendors’ creditors.

Post date: Monday, March 01, 2021

2020 was undoubtedly a massive challenge for all countries, but it was especially dramatic for Brazil, which has been severely hit by coronavirus outbreak. Among the most affected countries, Brazil is fighting one of the biggest battles of its history, with a little over 10 million cases so far and a case-fatality rate of 2.4%.

Post date: Monday, September 28, 2020

The UNCITRAL Draft Recommendations on a simplified insolvency regime (“Recommendations”)[1] is a model of legislative regulation concerning the insolvency of micro, small and medium-sized enterprises (MSMEs)[2]. The model was crafted by UNCITRAL Working Group V in May 2020.

Post date: Monday, September 28, 2020

The United Nations Commission on International Trade Law Working Group V has been working on a simplified insolvency regime for six sessions because “[m]icro, small and medium-sized enterprises (MSMEs) (MSEs) constitute the majority of businesses in economies around the world.”[1] Its efforts are aimed at ameliorating the effects of ri

Post date: Friday, January 24, 2020
Photo of Rafael X. Zahralddin, Co-Chair
Rafael X. Zahralddin, Co-Chair

It has been another great year for the International Committee. As co-chairs, we would like to thank all the members of the ABI International Committee for their support and continued participation on the committee for 2019. The committee’s success reflects the hard work of its members each year.

Post date: Friday, January 24, 2020

This article addresses the legal issues arising from the cross-border insolvency proceedings for Jet Airways Ltd., India’s largest private airline, which maintained flight routes around the world but stopped flying on April 17, 2019.

Post date: Friday, January 24, 2020

The United Nations Commission on International Trade Law promulgated the Model Law on Cross-Border Insolvency (Model Law) as “a uniform approach” to having one proceeding — a foreign main proceeding — be principally responsible for managing a debtor’s insolvency regardless of the number of jurisdictions in which the debtor has assets or creditors.

Post date: Friday, January 24, 2020

Not all governmental units within a jurisdiction change their laws in concert with each other, nor should they: They may have different roles, functions, populations and constituencies, and financial profiles.

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Fri, 2017-12-01

Hosted by the International and Legislation Committees: In recent years, multiple jurisdictions have reformed or modernized their insolvency laws, either through incremental amendments or by entirely replacing the legislation. In this session, attendees will hear from practitioners from various jurisdictions about what motivated the decisions to amend their insolvency laws — and how the process unfolded in practice.

Fri, 2016-04-15

People and Assets on the Move Overseas: What You Need to Know to Hold Everything Still and Seize the Assets

Sat, 2015-04-18

Structuring Cross-Border Deals to Protect Creditor Interests

Tue, 2014-09-23

The Business Reorganization Committee held a free committee wide call on Tuesday, September 23rd, at 4 pm ET. The topic was titled "Looking at International Insolvency/Restructurings Through the Bankruptcy Code and Beyond," and featured key speakers, including: Patrick Mohan (Moderator) of Reorg Research (Columbia, S.C.), Rachel Ehrlich Albanese of Akin Gump Strauss Hauer & Feld LLP (New York), G.

Mr. Francesco Spizzirri
Co-Chair
Audax Law
Toronto, ON
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Mr. Joshua Pichinson
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AgencyIP
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Education Director
Mayer Brown LLP
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Ms. Oksana Koltko Rosaluk, Esq.
Education Director
DLA Piper
Chicago, IL
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Mr. Ken Kraft
Membership Relations Director
Dentons Canada LLP
Toronto, ON
(416) 863-4374

Mr. Kyle James Ortiz
Newsletter Editor
Togut, Segal & Segal LLP
New York, NY
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Mr. Ben Sewell
Newsletter Editor
Sewell & Kettle Lawyers
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Mr. Randall Adam Swick
Special Projects Leader
Reid Collins & Tsai LLP
Austin, TX
(512) 647-6100

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