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  • Hard times in the oil patch: tax implications for investors in the era of price fluctuations
    14 NOV 2016

    The current decline in oil prices, which continues to show no signs of a long-term reversal, is having unexpected and unwanted consequences, many of which may turn into long-lasting troubles for the oil and gas industry, especially for its investors.

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  • Legislative light at the end of the tunnel: Ukraine's new financial restructuring law
    14 NOV 2016

    At last, a legislative light has appeared at the end of the long dark tunnel of Ukraine’s financial sector. Adopted on 14 June 2016 and published on 19 June 2016, Ukraine’s new law “On Financial Restructuring” No. 1414-VII is effective for a period of only three years from 19 October 2016 until 19 October 2019.

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  • Trouble for Tinsel Town?
    14 NOV 2016

    Richard Obank comments on recent experience in handling the collapse of UK arthouse and indie film distributor Metrodome Group and the challenges facing film distributors generally.

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  • Fighting the flab: UK Supreme Court seeks to limit the scope for remedial constructive trusts
    14 NOV 2016

    Shortly before insolvency, financially distressed companies often receive monies which appear “morally” to be due to third parties, such as customer deposits or monies due to be received by the company as agent on behalf of its principal. If the company then enters an insolvency process, can it keep the money, leaving the customer/principal with no more than the right to prove, as an unsecured creditor in the insolvency? Or should the money be protected by some form of trust in favour of the “morally entitled” recipient?

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  • Pre-packs in Australia: where are we now?
    14 NOV 2016

    The use of pre-packs or pre-positioned asset sales in Australia has traditionally been limited. This is a result of impediments to such transactions under the Australian legislative insolvency regime. The interplay of these impeding factors means that there are few true pre-pack transactions in Australia. However, significant reform to the Australian insolvency regime is expected to be implemented in 2017. We wrote about the main aspects of that reform in our last article, ‘Australian insolvency law reforms aim to increase business restructuring opportunities’.

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  • Impact of recovery gap on upcoming loan maturities in the US
    14 NOV 2016

    Seven years after the official end to the Great Recession, the disparity in the real estate market recovery between the major markets, including New York City, Washington, DC, Boston, Chicago, Los Angeles and San Francisco, and all other markets continues to persist.

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