The case of Kooter v The Official Receiver & Ors [2022] EWHC 2683 (Ch) (24 October 2022) is a colourful case concerning the international jurisdiction of the courts in England and Wales. It is interesting reading material (i) about English procedural law and practice concerning a hearing for the annulment of a bankruptcy order from March 2019, and (ii) the… Read More »2022-11-doc1 COMI, habitual residence, England or Bulgaria?
One of the novelties in the recast European Insolvency Regulation (EIR 2015), in force since 2017, is its set of rules for data protection. Generally, the aims of most national insolvency laws and those of data protection laws are contradictory. The former are designed to facilitate access to information by creditors and courts. Data protection-rules, however, aim rather to restrict… Read More »2022-10-doc2 Privacy Codes in Insolvency and Restructuring
From a recent decision of 6 September 2022 of the District Court Amsterdam (ECLI:NL:RBAMS:2022:5466) it follows that under Dutch rules a law firm (‘Houthoff’) cannot just break with Russian parties, having been placed on sanction lists by the government. The case concerns Russian state-owned company SberBank, the largest shareholder of a Croatian food group (formerly Agrokor, now: ‘Fortenova’), which is… Read More »2022-10-doc1 Saying goodbye to Russian clients: easier said than done
Recently District Court Amsterdam 26 August 2022, ECLI:NL:RBAMS:2022:5012, decided that KLM airlines is obliged to make financial restitution to passengers after a travel agency’s bankruptcy. The basis for the judgment lies in the Flight Compensation Regulation (EC) No 261/2004. Case: on 13 January 2020 Dutch passengers book tickets to Brazil and Argentina via travel organization D-Reizen for an amount of… Read More »2022-09-doc2 – Towards strengthening a consumer’s position in insolvency
Na ruim twintig jaar neem ik afscheid als auteur van de serie Wessels Insolventierecht. De serie bestaat uit 10 delen die sedert 1999 zijn verschenen, momenteel (nagenoeg afgerond) in een vijfde druk. In overleg met de uitgever van de serie (Wolters Kluwer, Paul Bänziger) is in 2018 met het oog op een soepele overdracht naar een nieuwe generatie auteurs een… Read More »2022-09-doc1 Serie Wessels Insolventierecht – behouden vaart!
Article 6 of the UNCITRAL Model Law on Cross-Border Insolvency (MLCBI) contains the ‘public policy’ exception in the application of the law. It is a standard provision in UNCITRAL texts. Article 6 MLCBI (‘Public policy exception’) provides: ‘Nothing in this Law prevents the court from refusing to take an action governed by this Law if the action would be manifestly… Read More »2022-08-d0c3 About (over)stretching the public policy exception
Article 16 of the UNCITRAL Model Law on Cross-Border Insolvency (MLCBI) provides for important presumptions which assist the domestic court of the State, enacting the MLCBI, to reach a conclusion on the nature, status and effect of the respective foreign proceeding. Article 16 (‘Presumptions concerning recognition’) provides: If the decision or certificate referred to in paragraph 2 of article 15… Read More »2022-08-doc2 On presumptions in int’l insolvency law
In juli 2022 verscheen de tweede druk van ‘Compendium van het Nederlands faillissementsrecht’ van de hand van prof. R.M. Wibier. In 13 kloeke hoofdstukken wordt het onderwerp door Tilburgse hoogleraar systematisch en vrij uitvoerig doorgenomen. Nederlands faillissementsrecht. Ook de surseance van betaling komt aan bod (zij het beknopt), natuurlijk ook de per 1 januari 2021 ingevoerde regeling van de homologatie… Read More »2022-08-doc1 Wibier’s Compendium 2e druk
Morgen, vrijdag 15 juli, is het 416 jaar geleden dat Rembrandt werd geboren. Er zijn enkele bescheiden vieringen. Van 15 juli t/m 28 augustus organiseert Museum Het Rembrandthuis diverse activiteiten voor families en kinderen. Er is ook een verjaardagsviering in Leiden, in Museum De Lakenhal. Tot en met eind juli is hier het allerkleinste kunstwerk ter wereld te zien, gemaakt… Read More »2022-07-doc1 Rembrandt’s geboortedag
Over the past decade, Europe has been captivated by restructuring. Cross-border insolvency, initiated in the first decade, mainly overarched national insolvency systems. It was developed as a system of private international law. For restructuring the main drivers are discussions, recommendations and reports, ultimately leading to the EU 2019/1023 Preventive Restructuring Directive. One of the first books on this Directive (Paulus/Dammann… Read More »2022-06-doc4 O’Dea’s restructuring book