IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Ady Fighel, Adv. of Peretz-Fighel Law Offices. Ady has joined IR as our exclusive Insolvency Member in Israel. Adv. Fighel is one of the founding partners of Peretz Fighel Law Offices. Born in 1968, Adv. Fighel is a graduate (with honors) of […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Petra Mayer-Nagy of Lajer Law Firm. Petra has joined IR as our exclusive Insolvency Member in Hungary. We are an open-minded and light-hearted, but an effective law firm without any compromise. Lajer Law Firm is based in Budapest with a focus […]
By Kevin C. Maclay, Todd E. Phillips and Kevin M. Davis Recently, in Anderson v. Credit One Bank, N.A.,[i] the Second Circuit affirmed the denial of a credit card issuer’s attempt to compel arbitration of a discharged Chapter 7 debtor’s putative class action to enforce the bankruptcy discharge injunction. The Second Circuit found that arbitration […]
On June 26th, IRG members from the District of Columbia, Maryland, and Virginia (DMV Group) gathered for an informal lunch hosted by Bill Shawn. Guests included Jeff Liesemer, Sheryl Miller, Bill Shawn, Kara Maciel, Joe Gormley, and Steven Benz. This first meeting of the DMV Group was meant to help everyone get to know each […]
During the IR Global ‘On the road’ conference in Toronto (May 2018), Jeffrey Liesemer (Member of Caplin & Drysdale, Chartered, United States) and Kyle Broadhurst (Director of Broadhurst LLC, Cayman Islands) sat down to discuss their respective international insolvency practices and the main insolvency procedures in their respective jurisdictions. To view the video in full please […]
During the IR Global ‘On the road’ conference in Toronto (May 2018), Jeffrey Liesemer (Member of Caplin & Drysdale, Chartered, United States) and Kyle Broadhurst (Director of Broadhurst LLC, Cayman Islands) sat down to discuss their respective international insolvency practices and the main insolvency procedures in their respective jurisdictions. To view the video in full please CLICK HERE
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Mikkel Anker Pedersen of STORM Advokatfirma. Mikkel has joined IR as our exclusive Insolvency Member in Denmark. STORM Advokatfirma is not like many other Law firms. We strive to achieve the best results for our clients. We think innovative and less traditional […]
The Cayman Islands is a Commonwealth jurisdiction so the remedies that are available here are similar to those available in England and Canada. If the debtor is a Cayman company an application could be made to place the company into liquidation. There are different grounds upon which such an application can be brought but a […]
As I referenced earlier it is possible to obtain a freezing order without notice to the defendant and to also obtain at the same time an order requiring disclosure of assets. The freezing order is also binding upon third parties and accordingly anyone who knows of the order and assists the defendant to breach it […]
In the Cayman Islands we are frequently involved in cross border asset recovery efforts given the multinational nature of the businesses and investment vehicles here. Foreign judgments and arbitral decisions can be recognized and enforced. There is also a willingness for the Cayman Court to provide assistance to foreign courts upon request. One of the […]
With respect to foreign judgments, Cayman does have specific legislation for foreign judgment recognition, but a unique wrinkle is that Australia is the only country currently to which the legislation has been extended. It is, however, possible to have other foreign judgments recognized in accordance with common law principles. This is done through legal proceedings […]
On May 21, 2018, the IRS Large Business and International (LB&I) division added foreign trust information reporting to its “compliance campaigns,” signaling that the IRS sees a “compliance risk” in this area that requires a targeted response to achieve compliance objectives. LB&I specifically indicated that it will take a “multifaceted approach” to improving compliance, including […]
