The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:
Please click the link to access the full guide for the answers to the questions below:
The set of questions relating to the topic of Restructuring and insolvency and answered by the guide for each jurisdiction covered include:
What main legislation is applicable to insolvencies and reorganisations?
What entities are excluded from customary insolvency or reorganisation proceedings and what legislation applies to them? What assets are excluded or exempt from claims of creditors?
What procedures are followed in the insolvency of a government-owned enterprise? What remedies do creditors of insolvent public enterprises have?
Has your country enacted legislation to deal with the financial difficulties of institutions that are considered ‘too big to fail’?
What courts are involved? What are the rights of appeal from court orders? Does an appellant have an automatic right of appeal or must it obtain permission? Is there a requirement to post security to proceed with an appeal?
What are the requirements for a debtor commencing a voluntary liquidation case and what are the effects?
What are the requirements for a debtor commencing a voluntary reorganisation and what are the effects?
How are creditors classified for purposes of a reorganisation plan and how is the plan approved? Can a reorganisation plan
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