The need for recovery of assets to a bankruptcy estate can arise for instance when a company declared bankrupt is a group company. The connection between group companies has significance when assessing the remunerativeness of a transaction.
Related recovery situations are reflected upon in the update titled “Recovery of assets: gratuitous transactions in a corporate group”. The update written by partner, attorney-at-law Juho Lenni-Taattola and associate Lasse Luoma at Hammarström Puhakka Partners, Attorneys Ltd. has been published in the International Law Office’s newsletter on 2 March 2012.
