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Concordat as an Alternative to Suspension of Bankruptcy

Contact: Fatih Isik Introduction As per the state of emergency declared in the Republic of Turkey on July 20th, 2016, and under Article 4 of Decree Law numbered 669 and dated 31.07.2016, corporations are prohibite ...

Make Your Hanjin Bankruptcy Claims Now!

There is a lot of press coverage about the Hanjin bankruptcy, but very little of it provides tangible facts for traders to rely on. One thing we know for sure is Hanjin filed a Chapter 15 bankruptcy in the U.S. What that ...

Company in Distress – Remedies and Solution

When a corporation has spent all its equity through the accumulation of losses, thus showing a negative equity in its balance sheet, Section 225 (1) of the Business Enterprise Code (UGB) prescribes that its management mu ...

How hard is it to remove a court appointed liquidator?

Contact: Tony Stumm, Partner; Carter Newell (Queensland, Australia) It sometimes happens that stakeholders become disgruntled with the liquidator appointed to wind up the affairs of a company. So, what can be ...

New Law For Restructuring and Insolvency in the Dominican Republic

Contact: Headrick Rizik Alvarez & Fernandez (Dominican Republic) On August 7, 2015, a new law on Restructuring and Liquidation of Companies and Business Persons (“Law No. 141-15”) was signed into law in the Dom ...

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