English

2020-04-doc5 Do we know what a Rembrandt painting looks like?

18 April 2020
by Bob Wessels

It took some 150 years before, gradually, the 19th century experienced Rembrandt becoming the subject of more serious scholarship. Research began with the recording of anecdotes about his life, but increasingly a more factual approach on his work was adopted. As early as 1810 the first catalogue raisonné of Rembrandt’s etchings was published by William Esdaile. A first catalogue of… Read More »2020-04-doc5 Do we know what a Rembrandt painting looks like?

2020-04-doc4 Model Standstill Agreement may assist in COVID-19 times

17 April 2020
by Bob Wessels

In these extraordinary, unprecedented times two US lawyers (prof. Jonathan Lipson and Norman Powell) felt they need to do something to avoid disastrously contractual fights between parties resulting in overburdening the court system. Published under the auspices of the Business Law Section of the American Bar Association (ABA) they published a model standstill/tolling agreement. In stead of ending up in… Read More »2020-04-doc4 Model Standstill Agreement may assist in COVID-19 times

2020-04-doc3 Improving the EU Insolvency Regulation (Recast)

16 April 202016 April 2020
by Bob Wessels

Early this year the book Recasting the Insolvency Regulation – Improvements and Missed Opportunities was published. Its editors are Vesna Lazić (T.M.C. Asser Institute; University of Utrecht) and Steven Stuij (Erasmus School of Law). The book contains five contributions, covering 130 pages, and is published by Asser Press as number 3 in a Short Studies in Private International Law Series.… Read More »2020-04-doc3 Improving the EU Insolvency Regulation (Recast)

2020-04-doc2 Asian Principles of Business Restructuring: a promising first step

10 April 2020
by Bob Wessels

It is timely and most appropriate to report about the Asian Principles of Business Restructuring Project undertaken by the Asian Business Law Institute (ABLI) and the International Insolvency Institute (III). I have the honor to serve as a member of the Advisory Committee providing supervision and guidance to the Project, see for its start https://bobwessels.nl/blog/2017-09-doc10-launch-of-asian-principles-of-restructuring-project/. The Project covers 16 jurisdictions,… Read More »2020-04-doc2 Asian Principles of Business Restructuring: a promising first step

2020-04-doc1 Three stept to get out of the Insolvency Valley II

2 April 20202 April 2020
by Bob Wessels

Inspired by joint reflection within the board of the Conference on European Restructuring and Insolvency Law (CERIL), www.ceril.eu, and based on similar considerations and recommendations made on Friday, 20 March 2020 (see http://www.ceril.eu / news / ceril-executive-statement-2020-1-on-covid-19-and-insolvency-legislation /), I posted on 25 March 2020 my blog, in Dutch (https://bobwessels.nl/blog/2020-03-doc4-drie-stappen-om-uit-het-insolventie-dal-te-komen/, in which I proposed a three-step solution for the Netherlands to… Read More »2020-04-doc1 Three stept to get out of the Insolvency Valley II

2020-03-doc3 New Insolvency Code of Ethics in UK

14 March 2020
by Bob Wessels

In the UK a new Insolvency Code of Ethics will apply from 1 May 2020 to all insolvency practitioners in the UK. The Code had to be brought up to date, particularly in relation to to referrals of work and commissions, the use of advertising, websites, purchasing of data and with more services are being offered by firms of IPs.… Read More »2020-03-doc3 New Insolvency Code of Ethics in UK

2020-02-doc10 Applicable law in cross-border insolvency cases

27 February 2020
by Bob Wessels

Applicable Law in Cross-Border Insolvency Proceedings is dominating the international insolvency world. In a few months two major events take place, one in Europe and one in the US. The European Commission DG Justice and Consumers, the Croatian Presidency of the Council of the EU (seconded by the Ministry of Justice Croatia), with the Faculty of Law of the University… Read More »2020-02-doc10 Applicable law in cross-border insolvency cases

2020-02-doc7 In re Strugeon – a new step of UK court in cross-border insolvency?

21 February 2020
by Bob Wessels

Last month, an interesting desicion was published of the High Court of Justice (Judge Briggs) of England and Wales. The court presents a significant development in cross-border insolvency law. The case is In Re Sturgeon Central Asia Balanced Fund Ltd (in liquidation) [2019] EWHC 1215 (Ch). The court held (among many other things) that solvent proceedings cannot be recognised under… Read More »2020-02-doc7 In re Strugeon – a new step of UK court in cross-border insolvency?

2020-02-doc5 Yukos arbitration cont’d

19 February 202019 February 2020
by Bob Wessels

In a judgment of 18 July 2014, an Arbitration Tribunal had sentenced the Russian Federation (RF) to pay a total of approximately US $ 50 billion to the three shareholders as damages. The facts have been widely covered in business media. The Tribunal was of the opinion that it was not really the Russian Federation’s duty to collect taxes from… Read More »2020-02-doc5 Yukos arbitration cont’d

2020-02-doc2 Creating a reliable cross-border insolvency system after Brexit

7 February 20209 February 2020
by Bob Wessels

Recognition and enforcement of civil judgments is an important tool in effective and reliable cross-border business. The guillotine-effect of Brexit would result in an uncertain, unpredictable, costly and undignified commercial battle without such a tool. A first sign for looking for providing certainty on which country’s courts may hear a civil or commercial cross-border dispute and that ensures that the… Read More »2020-02-doc2 Creating a reliable cross-border insolvency system after Brexit

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