Agrégateur de flux

Tribunal de Grande instance de Nice, 1re chambre, 17 mars 2016

I have reported before on various schemes of arrangement which the English Courts gave the go-ahead even when they concerned non-English companies (I should flag that in two of those, Apcoa and Van Gansewinkel, I acted as expert). Thank you Arie van Hoe for bringing Indah Kiat to my attention some weeks ago.

Indah Kiat is a Dutch BV seeking an order convening a single meeting of its scheme creditors to consider and if thought fit approve a scheme of arrangement pursuant to Part 26 of the Companies Act 2006. The application is strenuously opposed by one of the Scheme Creditors, APP Investment Opportunity LLC (“APPIO”), which contests the jurisdiction of the court to entertain or sanction the Scheme. Such opposition is different from the other schemes which I mention in my previous postings.

In the first instance, APPIO simply seeks an adjournment of the Scheme Company’s application on the grounds that inadequate notice has been given to Scheme Creditors. However, it also raises a significant number of other issues concerning the adequacy of the evidence and disclosure by the Scheme Company, together with questions concerning the procedure and scope of the court’s jurisdiction to sanction creditor schemes for foreign companies in relation to debts governed by foreign law.

The Scheme Company is a special purpose vehicle which was incorporated for financing purposes in the Netherlands. It sought the COMI way to enable English courts to obtain jurisdiction over the scheme. English jurisdiction, required to carry out the Scheme, usually rests on either one of two legs: COMI, or making English law the governing law of the underlying credit agreements (if necessary by changing that governing law en route).

The COMI route to jurisdiction in many ways defies the proverbial impossibility of having one’s cake and eating it. For the establishment of a company’s centre of main interests, the courts and practice tend to refer to the EU’s Insolvency Regulation. Yet that schemes of arrangement do not fall under the Insolvency Regulation is a crucial part of the forum shopping involved in attracting restructuring advice to the English legal market. This is especially so for the aforementioned second route to jurisdiction (a change in governing law). however it is also true for the first form. Snowden J refers to that at para 85-86 of his judgment.

Indah Kiat has effected its change of COMI (rebutting the presumption of COMI being at its registered seat) by notifying its creditors via a number of clearing houses for the Notes concerned. APPIO contest that this notification sufficed for change in COMI. There are not enough relevant facts in the judgment to consider this objection thoroughly, however APPIO’s misgivings would not seem entirely implausible.

Snowden J notes that whilst protesting the jurisdiction, in the first instance APPIO simply seeks an adjournment of the convening hearing on the grounds that inadequate notice has been given of it to Scheme Creditors. It contends that given the complex nature of the Scheme and the factual background, there is no justification for an urgent hearing of the application. The Court agreed and the convening hearing (different from the sanction hearing, which follows later) was adjourned until 3 March. Snowden J further gave extensive argument obiter as to why the Scheme’s information was insufficient in the form as it stood at the hearing.

He then revisits (82 ff) the jurisdictional issue, which I have already signalled above: what role exactly COMI should play, how the Brussels I recast intervenes, what the impact is of likely recognition of the sanction (if any) in Indonesia, The Netherlands, and the US; and what if any role the relevant US judgments in the case should play: there will be plenty of points for discussion at the convening and sanction hearing. (I mentioned above that the convening hearing was scheduled around 3 March; I have not heard from the case since however if anyone has, please do let me know).

I do not think Indah Kiat has made the jurisdictional hurdle higher for Schemes of Arrangement involving foreign companies. Rather, the fierce opposition of an important creditor has brought jurisdictional issues into sharper perspective than had been the case before.

Geert.

(Handbook of) EU Private International Law, Chapter 5, Heading 5.4.2).

Kohärenz im Internationalen Privat- und Verfahrensrecht der Europäischen Union, a cura di Jan von Hein e Giesela Rühl, Mohr Siebeck, 2016, pp. XVII+389, ISBN 9783161533501, Euro 79.

[Dal sito dell’editore] – Since adopting the Treaty of Amsterdam in 1997, the European Union has enacted a large number of regulations in the field of Private International Law and International Civil Procedure. Resultant reconciliation and coordination problems were the subject of a 2014 conference in Freiburg im Breisgau. The findings presented here shed light on incoherences, describe the requirements for a more coherent regulation and discuss perspectives for a future European codification in the field of Private International Law.

L’indice ed un estratto del volume sono disponibili qui. Ulteriori informazioni sono reperibili a questo indirizzo.

Contrat de travail, rupture

Hendric Labonté has authored a book entitled “Forderungsabtretung International. Art. 14 Rom I-Verordnung und seine Reform” (International Assignments. Art. 14 Rome I Regulation and its Reform). The volume has been published by Mohr Siebeck. It is written in German.

The official abstract reads as follows:

The commercial significance of assignments, especially in an international context, requires a straightforward conflict of laws provision. However, art. 14 Rome I does not provide enough certainty, particularly when it comes to third party effects. These should be entirely determined by the law of the underlying debt.

More information is available on the publisher’s website.

Il fascicolo di gennaio 2016 della rivista La Ley: Unión Europea contiene alcuni contributi su temi internazionalprivatistici.

In particolare, Angel Espiniella Menéndez è autore di uno scritto, dedicato al regolamento 2015/2421, che modifica il regolamento n. 861/2007, sulle controversie di modesta entità, intitolato La reforma de los procesos europeos monitorio y de escasa cuantía.

Appaiono altresì un commento di Santiago Álvarez Gonzáles alla sentenza pronunciata dalla Corte di giustizia il 19 novembre 2015 nella causa C-455/15, PPU, intitolato Traslado ilícito de menores, competencia judicial internacional y orden público, e un commento di María Jesús Elvira Benayas alla sentenza Corte di giustizia del 16 settembre 2015 nella causa C-519/13, Alpha Bank, intitolata El uso de los formularios (en la notificación internacional conforme al Reglamento 1393/2007) y la tutela judicial efectiva.

L’indice completo della rivista è disponibile qui.

Responsabilité pénale

Action civile

Selon les statistiques pénales annuelles du Conseil de l’Europe (SPACE) publiées le 8 mars 2016, le surpeuplement carcéral en Europe diminue progressivement.

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Tribunal de Grande instance de Strasbourg, 2e chambre civile, 11 mars 2016

Pourvoi c/ Cour d'appel de Lyon, 9e chambre, 16 mars 2015

La Commission européenne vient de rendre public, en application de l’article 249, § 2, du Traité sur le fonctionnement de l’Union européenne (TFUE), son rapport annuel dressant le bilan de ses activités menées au cours de l’année 2015.

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Dans quelles circonstances, un État membre de l’Union européenne peut-il imposer une obligation de résidence à un étranger bénéficiant de la protection subsidiaire ? La Cour de justice de l’Union européenne (CJUE) apporte des éléments de réponse dans un arrêt du 1er mars 2016.

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The following announcement has been kindly provided by Dr. Susanne Lilian Gössl, LL.M., University of Bonn:

Call for Papers

On 6th and 7th April 2017, for the first time a young scholars’ conference in the field of Private International Law (PIL) will be held at the University of Bonn.

The general topic will be

Politics and Private International Law (?)

We hereby invite interested junior researchers to send us their proposals for conference papers. We envisage presentations of half an hour each in German language with subsequent discussion on the respective subject. The presented papers will be published in a conference transcript by Mohr Siebeck.

Procedure

If we have stimulated your interest we are looking forward to your application to

nachwuchs-ipr(at)institut-familienrecht.de

until 30 June 2016, 12 a.m. CET (deadline!).

The application shall include an exposé of maximum 1,000 words in German language and shall be composed anonymously that is without any reference to the authorship. The author including his/her position or other affiliation shall be identifiable from a separate file.

Selection decisions will be communicated in October 2016.

For organisational reasons, a preliminary version of the paper (to measure 35,000 to 50,000 characters including footnotes) and the core statements must be received by not later than 31 March 2017.

Topic:

For our purposes, we explicitly understand PIL in a broader sense: international jurisdiction and procedure, the law of the international settlement of disputes (including ADR) as well as uniform law and comparative law and the comparison of legal cultures are included insofar as they allude to cross-border questions.

Ever since Savigny, conflict of laws rules have traditionally been perceived as “unbiased” or “value-neutral” in Central Europe as they are solely supposed to coordinate the applicable substantive law. However, during the second half of the past century the opinion that conflict of law rules may also strengthen or prevent certain results of substantive law has become prevalent. In the U.S., such discussion led to a partial abolition of the “classical” PIL in favour of balancing the individual governmental interests as to the application of their respective substantive law provisions (so called governmental interest analysis). But other legal systems have also explicitly or indirectly restricted classical PIL in some areas in favour of governmental interests. Our conference is dedicated to the various possibilities and aspects of this interaction between PIL and politics as well as to the advantages and disadvantages of this interplay.

Possible topics or topic areas are:

General questions:

• “Politicisation” of PIL on the national, European and international level, or the political target of “value-free” PIL rules (?)
• “Politicisation” of comparative law (?)
• Convergence of PIL and Public International Law, especially the protection of fundamental rights and human rights by means of PIL
• Uniform applicable law or harmonisation of PIL
• PIL in day-to-day application of law – theory and reality (?)
• General instruments of PIL to enforce political targets: overriding mandatory rules, public policy, forum non conveniens, extensive/narrow jurisdiction …
• Allocative functions of PIL and International Civil Procedure Law
• Users, stakeholders and their interests in cross-border questions: parties, attorneys, judges, notaries, experts etc.
• Protection by formal requirements or third parties’ obligations to cooperate (e.g. notarial recording of the choice of law agreement)
• Parties’ or courts’ expenses due to the application of foreign law
• Regulatory competition, e.g. in order to establish a national venue of arbitration
• Forum shopping and locational advantages through low standards of protection (e.g. regarding data protection law, copyright law, family law or consumer protection law)
• Issues of competences as regards European PIL rules
• Extraterritorial application of national (private) law (Kiobel, Bodo Community)

Business Law:

• Financial crisis, e.g. resolution of globally operating banks
• Gender Quotas of in Corporate Law, e.g. application of German law on foreign companies or comparison between international regulatory models
• Protection of competition in case of worldwide groups operating, e.g. Google antitrust proceedings by FTC and EU Commission
• Law on co-determination within the European context, e.g. questions referred for a preliminary ruling by KG (Court of Appeal in Berlin) and LG Frankfurt
• Worker protection

Family and Inheritance Law:

• Protection of minors, i.e. regarding repatriation of children or international adoptions: successful legal unification (?)
• Cross-border protection of adults
• Application of religious law and judgements of religious courts

Consumer protection:

• Consumer protection and market freedom (i.a. in the Internet)
• Special jurisdiction, party autonomy and the enforcement of minimum standards in substantive law

Internet and new media:

• Territoriality of rights to ubiquitous goods (e.g. copyright law and data protection rules) and cross-border trade
• Copyright Law and “Fair Use”
• Data protection/privacy and freedom of information

Other recent focal points:

• Migration and refugee crisis, e.g. the determination of the law of the person between integration or preservation of cultural identity
• Environmental protection, e.g. enforcement of titles from class actions or international litigation regarding mass damages
• Protection of cultural property – issues regarding ownership and repatriation

For more information, please visit https://www.jura.uni-bonn.de/en/institut-fuer-deutsches-europaeisches-und-internationales-familienrecht/pil-conference/.

If you have any further questions, please contact Dr. Susanne Gössl, LL.M. (sgoessl(at)uni-bonn.de).

We are looking forward to thought-provoking and stimulating discussions!

Yours faithfully,

Susanne Gössl
Rafael Harnos
Leonhard Hübner
Malte Kramme
Tobias Lutzi
Michael Müller
Caroline Rupp
Johannes Ungerer

Julia Alma Schünemann has authored a book entitled “Die Firma im internationalen Rechtsverkehr. Zum Kollisionsrecht der Firma unter besonderer Berücksichtigung des Rechts der Europäischen Union” (Company Names in Cross-Border Transactions. The Applicable Law to the Name of a Company in the European Union). The Volume has been published in German by Mohr Siebeck.

The official abstract reads as follows:

Does an English Limited need to adapt its company name in order to operate in Germany? Julia Alma Schünemann designs an overall concept for dealing with this rarely discussed interface between private and public international and EU law.

More information is available on the publisher’s website.