Archive: March 2023

In the second of this two-part post, we continue our overview of claiming in a debtor’s insolvency. In particular we look at contingent debts, interest on debts, and debts in foreign currencies.

Under English insolvency law, creditors “prove” for their debts against an insolvent debtor’s assets.

The Rotterdam District Court, the Netherlands, has ruled that an amendment to the ranking of security rights is not possible under the Dutch Scheme procedure (WHOA), without the consent of the relevant secured creditors.

From 1 January 2021, Australia’s insolvency framework for small businesses changed.

The pre-pack was widely used as a restructuring tool in the Netherlands in the aftermath of the global financial crisis.

When faced with a cross-border or multi-jurisdictional filing, it is important to understand the key attributes of the restructuring legislation in all applicable jurisdictions.