American Single Malt Distillery Westward Files for Chapter 11

As we’ve reported on previously, the American whiskey industry is facing some tough times. Younger people are drinking less, major drinks companies are reporting a decrease in revenue and laying off employees, and the continued unpredictability of the Trump administration’s tariff policy has created a sense of disarray. The latest victim of this challenging environment…

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Liquidation liabilities under new Company Law | China

Article 232 of China’s new Company Law expressly specifies directors as liquidation group members, while article 238 stipulates their mandatory liquidation duties and associated liabilities. These substantive amendments to the obligations of liquidators have altered the application of liability standards and exemption criteria. This article explores these legal developments through representative case studies, offering preliminary…