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Debt Restructuring In the BVI And Cayman Islands

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작성자 Clarence
댓글 0건 조회 9회 작성일 24-08-03 17:10

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By contrast, with the brand new regime, directors have the choice to file a petition for the appointment of a restructuring officer with out shareholder resolution, regardless of whether directors have express energy to take action underneath the company’s articles. As an added layer of advantage, an extraterritorial moratorium routinely happens at the time of filing the petition for the appointment of the restructuring officer. Therefore the company becomes protected from creditor actions against it in Cayman or some other jurisdiction, removing the risk of creditors seeking to liquidate the corporate. Restrict the appliance of Revlon duties, particularly the burden on the board of administrators to seek the most effective worth accessible to stockholders. Be certain that the investor becomes a long-time period investor in the corporate. Cannot sell or hedge its publicity to the fairness or different securities of the company for a chronic time frame.

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