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New Insolvency Law drafted
New Insolvency Law drafted - Trends
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1 January 2010 was the date of entry into force of a new Bailiffs Act which established, for the first time in Estonia, a joint professional chamber of bailiffs and bankruptcy trustees and amended, among other acts, the Bankruptcy Act. Some examples of the new Bailiffs Act and the 151 amendments to the Bankruptcy Act are presented below: Similar to the Estonian Bar Association, the Chamber of Bailiffs and Bankruptcy Trustees has been established pursuant to law as a legal person in public law . In accordance with the Act the tasks of the Chamber include, for example, promotion of professional activities of bailiffs and ...
adds uncertainty to the already fuzzy array of precedents surrounding the question whether the filing of a dissolution petition triggers a mandatory buyback of the petitioner's shares under the provisions of a right of first refusal ("RFR") in the shareholders' agreement. I'll first set the stage with some basics, then I'll dig into Stevens . What's an RFR? RFRs are most familiar in the real estate setting, e.g ., a tenant's right to match a third-party purchase offer during the lease ... Read More
SURVEY RESULTS FOR
NEW INSOLVENCY LAW DRAFTED
Senate Session 2010-04-14 (10:45:06-11 ...
Insolvency and Law
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