Topic: Litigation and disputes

High Court rules previous undertakings to exclude creditors from a future Part 26A restructuring plan non-binding.

On 12 January 2024, the UK signed the Hague Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (the Hague Convention 2019).

After many had proclaimed the German StaRUG to have failed as an effective preventive restructuring regime.

In the latest development in the long running Galapagos litigation, the English High Court held, in July 2023, that the 2019 restructuring was valid.

We are delighted to announce the launch of Norton Rose Fulbright’s new Restructuring Touchpoint Blog – a dedicated hub of resources that will bring you the latest developments on restructuring and insolvency across the world.

INSOL International’s latest news update discusses a decision by a court in the Southern District of New York finding that a Cayman Islands liquidation under Section 92(e) of the Companies Act is not a foreign proceeding that can be recognized under Chapter 15 of the US Bankruptcy Code.

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