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Insolvency
Australia
Bennett & Philp Lawyers
Members of associations must be aware of potential personal liabilities claims made pursuant to Part 5.7B which apply now.
Worrells Solvency & Forensic Accountants
Discusses how dual insolvency appointments interact and impact creditors.
Worrells Solvency & Forensic Accountants
Discusses risks including ineligible for FEG, limited priority, inadequate qualifications and director duties & liabilities.
Worrells Solvency & Forensic Accountants
Courts are willing to give orders supporting administrators where they are seeking a strategy in the best interests of creditors.
Worrells Solvency & Forensic Accountants
Article discusses why owners should treat themselves as creditors of their own business.
Worrells Solvency & Forensic Accountants
Identifying indicators of insolvency or distress. Early assistance & intervention are key. Contains link to case with checklist.
Bartier Perry
A creditor has a right under the Insolvency Practice Schedule to request information from an external administrator.
Corrs Chambers Westgarth
The rent during administration is considered an expense "properly incurred" and ranks above ordinary unsecured debts.
India
AMC Law Firm
Resolution Plan should typically mirror the Insolvency and Bankruptcy Code, 2016 (Code) objectives in maximizing the value. The Code, the way it is derafted, puts all its faith in the...
AMC Law Firm
The law relating to voluntary liquidation has been moved from the Companies Act, 2013 (or erstwhile Companies Act, 1956) to Insolvency and Bankruptcy Code, 2016 (Code or IBC).
Khaitan & Co
On 24 July 2020, the National Company Law Appellate Tribunal (NCLAT), in its decision in GRIDCO Limited v Surya Kanta Sathapathy and Others [C.A. (AT) (Insolvency) 1271 of 2019] ...
KS Legal & Associates
A creditor under the Indian laws may approach several forums and/or courts so as to recover their outstanding dues.
Singh & Associates
The Ministry of Finance vide its Notification No. 11/2020 – Central Tax dated 21.03.2020 stated that those Registered persons who are undergoing the corporate insolvency resolution process under the provisions of the ...
Singh & Associates
An Ordinance was passed on 5th June 2020, by the President of India in furtherance to the announcement earlier made by Hon'ble Finance Ministry w.r.t suspension of Fresh cases to be filed under Section 7, 9 and 10 ...
Clasis Law
On 5th June, 2020, the President of India promulgated the much awaited ordinance, the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 ("Ordinance"),...
ZBA
The insolvency process can be triggered either by a Personal Guarantor itself or by any creditor.
Indonesia
SSEK Indonesian Legal Consultants
The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008.
SSEK Indonesian Legal Consultants
The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to check the spread of the virus, the Indonesian government
Kazakhstan
GRATA International
Последние несколько недель социальные сети пестрят публикациями юристов о массо&
Kinstellar
This note discusses recent developments in Kazakhstan on the suspension of the initiation of bankruptcy proceedings.
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