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Tagged: 'Restructuring & insolvency'

Results 1-10 of 407

Attempting to stave off the inevitable

5 September 2019


The Court of Appeal has upheld an Order to strike out a US$100m claim brought by an unsecured creditor of the now defunct London Mining Plc against PwC and two of its insolvency practitioners. Fraser Turner brought the claims after London Mining's obligation...

Luxembourg law on register of beneficial owners

29 August 2019


The Luxembourg law of 13 January 2019 on the register of beneficial owners (the "RBE Law") has been published in the Mémorial A on 15 January 2019 and entered into force on 1 March 2019. The RBE Law implements the transparency requirements of article...

The new Saudi insolvency law and its implementing regulations

26 July 2019


The New Saudi Insolvency Law represents a significant step towards the achievement of Saudi Arabia’s Vision 2030 and to improve the position of Saudi Arabia in the World Bank's Ease of Doing Business rankings. It seeks to deliver a law which is modern...

Saudi Arabia: New rules for foreign strategic investors

26 July 2019


In summary, the FSI Rules allow foreign strategic investors (FSIs) to own Saudi listed shares directly with the intention of “promoting the financial or operational performance of the listed company” (a Strategic Shareholding). The requirements to...

Abstract nature of the on-demand guarantee

9 July 2019


Analysis of the Supreme Court Judgment of 5 April 2019 Content of the on-demand guarantee, highlighting the need to avoid references to the underlying relationship