German companies “go UK” – for insolvency proceedings

By: Carsten Lexa, LL.M. During the last several months, some German midsize companies have turn to the UK to undergo insolvency proceedings. They seem to be quiet happy with their decision and, more importantly, they were successful: Today, companies like DNick Holding (formerly Deutsche Nickel AG) or Schefenacker (today separated into the two independent companies odelo and Visioncorp) prosper and

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Privy Council In Bank Ruling Wraps Jamaican Judiciary On the Knuckles, Part II

By: Ainsley Brown The claims advanced by Olint, though ultimately would proven to be groundless is very important because it, gave us a brief glimpse into the subtleties of judicial politics. Before I go any further some context by way of an example I believe would be useful. The words with all due respect, seem quite mundane or you could

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Privy Council In Bank Ruling Wraps Jamaican Judiciary On the Knuckles, Part I

By: Ainsley Brown The House of Lords, with its Judicial Council of the Privy Council hat on, as Jamaica´s court of final appeal, handed down a judgment that is set to have repercussions well beyond the interests of the parties involved. In fact the consequences of his judgment go beyond just banking or investing but engages commercial dispute resolution, specifically

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German Federal Council sets the brake on the European Private Company

By: Carsten Lexa, LL.M. The German Federal Council (Deutscher Bundesrat) does not like the European Private Company (EPC). With resolution of Oktober 10, 2008 the Federal Council criticises the conditions for the EPC, set out in the proposal for a “Regulation regarding the European Private Company Statute” by the European Commission of June 2008. The Federal Council has two main issues

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The “European Private Company”

By: Carsten Lexa, LL.M. In the European Union, each of the 27 Member States provides regulation for different types of companies. Because of this diversity it is becoming increasingly difficult to know all the differences between the different types. Especially because the European Court of Justice has allowed the utilization of companies set up in one of the Member States

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