SAC meaning

Restructuring & Insolvency weekly highlights—29 February 2024 In this issue: Restructuring Corporate insolvency processes Insolvency litigation Directors and insolvency Personal insolvency Industry/sector guides for R&I lawyers Daily and weekly news alerts Key dates for R&I professionals Corporate Rescue and Insolvency (February 2024 edition) Latest Q&A Restructuring New Practice Notes—Part 26A restructuring plan deal debriefs The LexisNexis Restructuring & Insolvency practical guidance team have released four fresh Practice Notes within their ‘Restructuring Plan deal debrief’ series: ‘Part 26A restructuring plan deal debrief—The Good Box Labs Co Ltd (in administration)’, ‘Part 26A restructuring plan deal debrief—CFG Investments SAC’, ‘Part 26A restructuring plan deal debrief—ED&F Man Holdings Ltd’ and ‘Part 26A restructuring plan deal debrief—Hong Kong Airlines Ltd’. These Notes consider the key terms of the Part 26A restructuring plan proposed by NGI Systems & Solutions Ltd for the SME, The Good Box Labs Co Ltd (in administration), in 2023. They also examine the...

Consult Practice Notes: Part 26A restructuring plan deal debrief—The Good Box Labs Co Ltd (in administration), Part 26A restructuring plan deal debrief—CFG Investments SAC, Part 26A restructuring plan deal debrief—ED&F Man Holdings Ltd and Part 26A restructuring plan deal debrief—Hong Kong Airlines Ltd. For an outline of restructuring plans, see: Restructuring plan—overview...

See Practice Notes: Part 26A restructuring plan deal debrief—PizzaExpress Financing 2 PLC Part 26A restructuring plan deal debrief—Virgin Atlantic Airways Limited Part 26A restructuring plan deal debrief—Virgin Active Part 26A restructuring plan deal debrief—Smile Telecoms Holdings Limited (first plan) Part 26A restructuring plan deal debrief—National Car Parks Limited Part 26A restructuring plan deal debrief—Hurricane Energy PLC Part 26A restructuring plan deal debrief—gategroup Guarantee Limited Part 26A restructuring plan deal debrief—DeepOcean Part 26A restructuring plan deal debrief—Amicus Finance PLC (in administration) Part 26A restructuring plan deal debrief—Smile Telecoms Holdings Limited (second plan) Part 26A restructuring plan deal debrief—Houst Ltd Part 26A restructuring plan deal debrief—Hong Kong Airlines Ltd Part 26A restructuring plan deal debrief—ED&F Man Holdings Ltd Part 26A restructuring plan deal debrief—CFG Investments SAC For an outline of restructuring plans, refer to: Restructuring plan—overview...

The Swiss Rules of International Arbitration, updated on 1 June 2021 (the Swiss Rules), govern—unless the parties agree otherwise—all arbitrations begun on or after 1 June 2021 where the arbitration agreement cites the Swiss Rules or the former rules of chambers or organisations that have acceded to, or placed their proceedings under, the Swiss Rules. This Practice Note outlines key aspects of the Swiss Rules and how they are overseen by the Swiss Arbitration Centre (SAC). Additional detail on many of these points appears in related Practice Notes listed under ‘Related documents’. For material on the 2012 Swiss Rules, see Swiss Rules arbitration—overview. Limited involvement of institution in proceedings Compared with certain other institutional regimes, administration under the Swiss Rules is deliberately light-touch, with the institution’s role and intervention kept to a minimum. The SAC’s Arbitration Court is responsible for administering cases under the Swiss Rules and is the final authority on their proper application. The Arbitration Court operates independently and is composed of leading arbitration practitioners from...

This Practice Note explores the principal distinctions between institutional and ad hoc arbitration, as well as the areas where they coincide... Differences and overlaps between institutional and ad hoc arbitration An institutional arbitration is run by an arbitral institution chosen by the parties and proceeds under that institution’s arbitration rules. Some of the major international arbitral institutions include: London Court of International Arbitration (LCIA) International Court of Arbitration of the International Chamber of Commerce (ICC) Stockholm Chamber of Commerce (SCC) Arbitration Institute Singapore International Arbitration Centre (SIAC) Hong Kong International Arbitration Centre (HKIAC) International Centre for Dispute Resolution (ICDR) attached to the American Arbitration Association (AAA) Swiss Arbitration Centre (SAC) Other commercial arbitration institutions have emerged, particularly across the Middle East and Asia-Pacific. Among these, the following are covered by dedicated Practice Notes: Abu Dhabi Commercial Conciliation & Arbitration Centre (ADCCAC) Korean Commercial Arbitration Board (KCAB) Dubai International Arbitration Centre...

The Swiss Rules of International Arbitration, updated on 1 June 2021 (the Swiss Rules), govern-unless the parties agree otherwise-any arbitration started on or after 1 June 2021 where an arbitration agreement refers to the Swiss Rules or to the former rules of chambers or organisations that have joined the Swiss Rules or brought their proceedings under them. This Practice Note looks at commencing arbitration under the Swiss Rules. For guidance on the 2012 Swiss Rules, see: Swiss Rules arbitration-overview. Submitting a Notice of Arbitration An arbitration conducted under the Swiss Rules and administered by the Swiss Arbitration Centre (the SAC) is initiated by serving a Notice of Arbitration (Swiss Rules, art 3). Electronic submission: send the Notice of Arbitration to centre@swissarbitration.org. Hard copies: only file paper versions if the Secretariat expressly asks for them, or if the claimant requires the respondent to be served with a hard copy (Swiss Rules, art 3.1 together with Appendix A). Paper filing option: the claimant may instead...