Welcome to Our New Committee Members
The International Committee continues to grow, and we’d like to extend a particular welcome to our newest members. You can read a bit about some of our newest members in the “New Member Spotlight” section of the newsletter. Our new members perfectly highlight the international reach of this committee.

June Meet and Greet
On June 21, we had our first virtual meet-and-greet, during which we were able to meet members of the International Committee from all over the world. Be on the lookout for information on future meet-and-greets, which are great opportunities to chat with other members and learn about the international issues that have members talking.

INSOL Happy Hour
The International Committee hosted an in-person get-together during the INSOL conference in London on June 27. This newsletter lists the event’s sponsors and features a photo from the event. We will host additional informal get-togethers at major international conferences in the future.

1. it has or appears to have assets in the BVI (usually shares in BVI subsidiaries); or
2. there is a reasonable prospect that the appointment of a liquidator of the company under Part VI will benefit the creditors of the company.

Provisional Liquidation
Where an application for the appointment of a liquidator of a company has been filed but not yet determined or withdrawn, the court may appoint a provisional liquidator of a company if:

The amendments will replace the current regime where restructurings are effected through the presentation of a winding-up petition, the appointment of provisional liquidators under section 104 of the Companies Act and the promotion of a scheme of arrangement under section 86 of the Companies Act – thereby eliminating the stigma associated with the use of winding up and liquidation terminology. This article outlines the key features of the new restructuring regime.

Appointment of Restructuring Officer
A company will be able to present a petition to the court to appoint a restructuring officer on the grounds that the company:

Matt Harvey is a partner in Morris Nichols’ bankruptcy and restructuring group, where he focuses on chapter 11 business bankruptcy, bankruptcy litigation, reorganization and restructuring. He represents international, national and regional clients, including debtors, official and ad hoc committees, asset-purchasers, debtor-in-possession (DIP) lenders, secured and unsecured creditors, petitioning creditors in involuntary bankruptcy filings, and other parties in interest. His experience includes in- and out-of-court restructuring transactions for publicly traded and private companies, and he has represented clients in bankruptcy litigation and appeals, as well as commercial litigation. Matt also has substantial experience representing debtors, foreign representatives and others in cross-border cases. Matt devotes a portion of his time to pro bono matters, such as serving as an attorney guardian ad litem in the Family Court for the State of Delaware. He is also a volunteer attorney for the Federal Civil Panel of the U.S. District Court for the District of Delaware.

John Troy is excited to join the International Committee. Troy Law, PLLC specializes in representing debtors and creditors in bankruptcy proceedings. They have an office in Taipei, Taiwan, and have staff members who are fluent in Mandarin Chinese and Taiwanese, Spanish and Hindi.

Marcello Gaboardi has been an associate professor of law at Bocconi University of Milan (Italy) since 2020. He has focused his research on civil litigation, arbitration and insolvency proceedings. In 2019, he spent a semester as visiting researcher at Ludwig-Maximilians-Universität of Munich, where he specialized in comparative law with a particular emphasis on collective arbitration and litigation.