Welcome to the summer edition of our Restructuring & Insolvency bulletin, our quarterly update on some of the most interesting recent developments in the world of R&I, as commented upon by our finest legal anoraks in this area.
In this bulletin, we major on some practicalities associated with buying real estate, or other assets, from distressed sellers. We review a recent case concerning JSC BTA Bank which considered whether a transaction could be set aside as defrauding creditors under the Insolvency Act 1986. We look at another case involving a successful administration application by a creditor where the underlying debt was disputed. And we take stock of the recent MF Global CVA and its failure to get properly implemented.
And if you’re still pining for more once you’ve made your way through the below, why not take a look at our sister publication for our Banking & Finance contacts. Click here to read more.
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David Steinberg
Tim Carter