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“Corporate restructuring topical issues and more”

Corporate Restructuring Blog

What do I blog?

A blog is a fact notebook, illustrated with opinions and woven with conversations. Well, that's the plan: if I jot you might find it useful and may even comment. :-)...


Date: 24th November, 2006
Author: Chris Laughton

European Insolvency Regulation: Secondary Liquidators’ Obligations to Creditors

A secondary liquidator has to tell all the debtor's creditors about the secondary proceedings and must pass to the main liquidator details of any creditors the main liquidator may not know about, so that the main liquidator can notify them of the main proceedings. For example, a Hungarian liquidator (appointed in territorial proceedings) learns...


Date: 18th November, 2006
Author: Chris Laughton

European Insolvency Regulation: Territorial and Secondary Proceedings

The reach of territorial and secondary proceedings is restricted, but I think it important to note that the restriction is partial. In relation to non-main proceedings and the territory in which they were opened: The effect of those proceedings shall be restricted to the assets of the debtor situated in the territory of the latter Member State....


Date: 17th November, 2006
Author: Chris Laughton

Pension Scheme Failure or Rescue?

Filing s120 (Pensions Act 2004) notices with the Pension Protection Fund is now commonplace for insolvency practitioners. Where there is a defined benefit scheme, most go on to report scheme failure - or occasionally rescue. But what if there is no liability, perhaps because despite the employer's insolvency the scheme was exceedingly well funded...


Date: 8th November, 2006
Author: Chris Laughton

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