International Committee

Committees

Post date: Thursday, May 26, 2022

The Singapore-based Asian Business Law Institute (ABLI) recently released its Guide on the Treatment of Insolvent Micro and Small Enterprises in Asia in conjunction with the International Insolvency Institute.

Post date: Monday, September 27, 2021

As co-chairs, we thank all of the members of ABI’s International Committee for their continued support and involvement with the committee during this pandemic-dominated year.

Post date: Wednesday, September 08, 2021

On Jan. 1, 2021, the Dutch Act on the Confirmation of Private Plans (hereafter referred to by its Dutch acronym, “WHOA,” or the “Dutch Scheme”) entered into force. It represents a robust and flexible restructuring framework. This brief article provides a summary of the Dutch Scheme and an update about the first published cases involving the scheme.

Post date: Wednesday, September 08, 2021

The COVID-19 crisis has encouraged many countries to amend their bankruptcy laws. In many cases, these amendments took place temporarily — especially during the hibernation phase of the pandemic. In other countries, however, the pandemic has led to permanent changes in their insolvency legislations.

Post date: Tuesday, September 07, 2021

In recent times, global businesses based all over the world have often turned to chapter 11 or the English scheme of arrangement to implement their debt restructurings, often due to the failure of local restructuring and insolvency laws to provide an adequate or optimal restructuring solution.

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.

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Mr. Adam D. Crane
Co-Chair
Baker & Partners
George Town, null
(345) 745-3651

Mr. Kenneth Kraft
Co-Chair
Dentons Canada LLP
Toronto, ON
(416) 863-4374

Mr. Adam Swick
Communications Manager
Akerman LLP
Austin, TX
(737) 999-7103

Ms. Jennifer Jenkins
Education Director
Mourant
British Virgin Islands,
(284) 852-1709

Mr. Charles Phiri
Membership Relations Director
CP ADVISERS PTY LTD
Johannesburg,
0027823989930

Mr. Simon Eickmann
Newsletter Editor
PLUTA Management GmbH
Munich, other
4989244133370

Mr. Evan J. Zucker
Special Projects Leader
Blank Rome LLP
New York, NY
(212) 885-5207

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