On 31 July 2017, the High Court of Ireland upheld an earlier judgement that allowed the Irish Minister for Finance to intervene in the affairs of a bank in distress.
Tag: Business And Liability
With the advent of blockchain, decentralised nature of company-like structures requires rethinking the way corporate insolvencies are handled. The COMI concept may have to give way to a more consent-based choice of insolvency rules and insolvency forum.
On 20 January 2017 the Ontario Superior Court of Justice (Hainey J.) rendered an important judgement in which it refused to pierce the corporate veil in a case concerning corporate environmental responsibility.