Mondaq All Regions: Insolvency/Bankruptcy/Re-structuring
McCullough Robertson
The majority of queries from directors related to the obligations to pay employee entitlements and lodge tax documents.
BM Morrison Partners LLC
Law on Encumbrance of Movables, dated 2 May 2017, came into effect on 28 May 2017.
Carey Olsen
In the January 2018 edition of our dispute resolution and insolvency bulletin, we review eight cases from the BVI Commercial Court and BVI Court of Appeal from the past year.
Aird & Berlis LLP
In a January 31, 2018 decision from the bench in the matter of Royal Bank of Canada v. A-1 Asphalt Maintenance Ltd. (Court File No. CV-14-10784-00CL) ("A-1 Asphalt") ...
Miller Thomson LLP
L'immeuble acquis en 2000 au coût de 450 000 $ est grevé d'une hypothèque de premier rang de 350 000 $ en faveur de la banque CIBC.
Singh & Associates
Section 53: Section 53 of Companies Act, 2013 deals with prohibition on issuance of shares at discount.
Singh & Associates
The Central Board of Direct Taxes have issued a circular w.r.t relaxation of norms relating to Minimum Alternate Tax (MAT) for the Corporate Debtors against whom the Corporate Insolvency Resolution Process (CIRP) has been initiated...
Singh & Associates
The fees w.r.t other professionals appointed by Insolvency Resolution Professional shall not form part of the insolvency resolution process cost.
Singh & Associates
This requirement amounts to outsourcing responsibilities of an insolvency professional to another person.
Singh & Associates
An Insolvency Professional shall exercise reasonable care and diligence and take all necessary steps to ensure that the corporate person undergoing any process under the Code complies with the applicable laws.
Singh & Associates
On 3rd January 2018, the Board has directed that the Insolvency Professional in all his communications, whether by way of public announcement or otherwise to a stakeholder or to an authority, shall prominently state...
Singh & Associates
On 31st December 2017, The Insolvency and Bankruptcy Board of India ("IBBI/the Board") has amended Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Khaitan & Co
In our previous publication on the subject, we had discussed the changes introduced by the Ordinance dated 23 November 2017, amending the Insolvency and Bankruptcy Code, 2016.
Travers Smith LLP
Termination of mobile phone distribution agreement for insolvency (rather than repudiatory breach) prevents claim for future loss of bargain
Pinsent Masons LLP
Project companies should be putting contingency plans in place to deal with the compulsory liquidation of a contractor, as happened with Carillion.
Wrigleys Solicitors
There has been a lot in the news about the appointment of a liquidator for Carillion and what this could mean for existing contracts with schools.
Wright Hassall LLP
Although the headlines are currently dominated by the demise of Carillion, it is not just large main contractors that have suffered financial difficulties.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Bankruptcy Code section 365(n) permits a licensee to continue to use intellectual property even if the debtor rejects the license agreement.
Nelson Mullins Riley & Scarborough LLP
Back in September, the Bankruptcy Protector announced that was introducing a new periodic series: the Jevic Files.
Kramer Levin Naftalis & Frankel LLP
The Bankruptcy Court in the Southern District of Mississippi (the "Court"), in In re Franchise Services of North America, Inc., Case No. 1702316EE (Bankr. S.D. Miss. Dec. 18, 2017), upheld the blocking power held by a "substantial equity holder", prohibiting a company from filing bankruptcy, as "valid enforceable and . . . not contrary to public policy under federal law."
Most Popular Recent Articles
ClarkeKann Lawyers
PBAs are trust accounts, intended to protect down the line subcontractors from the insolvency of up the line contractors.
Worrells Solvency & Forensic Accountants
Section 588FDA of the Corporations Act provided that it was voidable as an unreasonable director-related transaction.
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
Stacks Law Firm
Creditor sues for money received by bankrupt from his late mother's superannuation fund.
Singh & Associates
The Union Cabinet, in its meeting held in the month of June 2017, has approved19 the Financial Resolution and Deposit Insurance Bill, 2017...
Corrs Chambers Westgarth
Options available to liquidators when examinee fails to appear including option of adverse costs orders if examinee appeals.
Khurana and Khurana
The Corporate Debtor/Respondent (Uttam Galva Metallics) defaulted in the payment to the Operational Creditor/Appellant (Macquarie Bank) amounting to USD 6,321,337 equivalent to Rs. 43,11,15,190.
Worrells Solvency & Forensic Accountants
The judge provided guidance on some key principles around a bankrupt trustee's right of indemnity out of trust assets.
Worrells Solvency & Forensic Accountants
This article examines challenges to the entitlement of creditors in bankrupt estates to vote at meetings of creditors.
Worrells Solvency & Forensic Accountants
AFSA has recently released annual statistics, trends and also data about personal insolvency causes for the 2016-17 year.
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