Hf liquidating company Adult 2 way webcams
Our tasks have included asset sales, pursuit of claims against former principals, claims solicitation, and formulation and implementation of liquidation plans.
We routinely represent individual clients with business-related debt under all Chapters of the Bankruptcy Code.
Our group regularly draws from the expertise of top attorneys from other practice areas within the firm, including real estate, corporate, mergers, employment, tax, and litigation.
The Case In 20, Fons HF (in Liquidation) (“Fons”) as shareholder of Corporal Limited (“Corporal”) provided two unsecured loans to Corporal (the “Shareholder Loans”).
To secure its indebtedness to Kaupthing Bank Luxembourg S. (“Kaupthing”), in 2008 Fons provided Kaupthing with a charge over its shares in Corporal (the“Charge”).
He believed that the ordinary businessman/company lawyer would be surprised to hear a simple loan agreement described as a “debenture” and concluded that the expression should not extend to a simple loan agreement without clear indications that the parties intended such an interpretation.
Comment Whether a loan agreement could constitute a “debenture” has been, for some time, a matter of debate.