As some of us predicted years ago, global litigation continues to expand in both class actions and other forms of collective actions.  Now, there’s a new tool to help litigations better assess global possibilities. The tool is described as follows in a November 22, 2017 post at Global Legal Post: “Baker McKenzie has launched an interactive class action tool which provides information ‘at a glance’ on the key characteristics of collective action mechanisms in more than 25 countries More on the tool can be found at aBaker web page, which is here. View Full Post
Know the rules! Further changes to IR 2016 afoot UK insolvency law has seen a number of significant changes over recent years, including the introduction of the Insolvency Rules 2016 (“IR 2016”) in April 2017. Further legislation has been expected in order to ensure that all of these changes apply consistently throughout the whole insolvency regime, after it became clear that IR 2016 did not apply to insolvent LLPs. View Full Post
SunEdison Court Strikes Down Third-Party Releases On Multiple Grounds A recent decision by Bankruptcy Judge Stuart Bernstein, made in connection with plan confirmation in the SunEdison bankruptcy case, strikes down non-consensual third-party releases on a variety of bases. The decision analyzes issues regarding subject matter jurisdiction, the circumstances of deemed consent, and the applicable substantive requirements for a non-consensual release. View Full Post
Various forums continue to compete to resolve civil law issues and/or offer specialized “business friendly” laws (e.g tax shelters). Notably, the offering forums often are relatively small jurisdictions and/or lack other resources to sell. Think about, for example, Delaware, South Dakota, Panama, Switzerland, Ireland and the various islands that offer well-protected shell companies and “privacy.” In that vein, The Netherlands continues to “up its game” as a place to resolve civil law issues. View Full Post