Mondaq Asia Pacific: Insolvency/Bankruptcy/Re-structuring
Corrs Chambers Westgarth
The case considered the importance to a creditor of the setting aside of a DOCA and the administrator's casting vote.
Clayton Utz
The insolvency of Alan Bond's Bell Group empire was the commencement of Australia's longest-running piece of litigation.
Mayer Brown JSM
A key factor contributing to the vitality and development of the common law is that judges can have the benefit of authorities from other jurisdictions with a comparable legal framework.
Mayer Brown JSM
Did you know that a scheme of arrangement can be used to reduce the creditor constituency in a liquidation, so that time and costs can be saved for the benefit of all parties?
Khaitan & Co
The enactment of the Code marks the beginning of a concerted effort to institute a streamlined, consolidated and time-bound insolvency resolution regime in India.
Singh & Associates
Insolvency is a term which has always been related to an individual or a company/business.
Phoenix Legal
From an investor's standpoint, a robust and effective bankruptcy regime is a prerequisite for the development of the corporate debt market.
Phoenix Legal
The NCLT was recently announced as the adjudicating authority for insolvency proceedings relating to companies, limited liability partnerships and other body corporates under the Insolvency and Bankruptcy Code 2016.
IC Legal
In the backdrop of Vijay Mallya episode and season of corporate defaults when public sector banks and financial institutions are helplessly chasing their dues in largely protracted legal battles...
Phoenix Legal
With increasing globalisation, there has been a surge in cross-border investment activity. In such a setting, issues of insolvency can have global ramifications.
Khaitan & Co
As a demonstration of India's combined political will, the much awaited and debated Insolvency and Bankruptcy Code, 2016 was passed by the Upper House of the Parliament on 11 May 2016 (shortly after being passed by the Lower House on 5 May 2016).
LexCounsel Law Offices
The Code envisages that the insolvency resolution processes will be conducted by insolvency professionals.
Trilegal
The Insolvency and Bankruptcy Code passed by the Parliament is a welcome overhaul of the existing framework dealing with insolvency of corporates, individuals, partnerships and other entities.
Phoenix Legal
The upper house of Parliament (the Rajya Sabha) passed the Insolvency and Bankruptcy Code 2016 on May 11 2016. The code was previously passed by the lower house of Parliament (the Lok Sabha) on May 5 2016.
Phoenix Legal
In 1989 Madras Petrochem Ltd was declared a 'sick unit' by the BIFR in accordance with the Sick Industrial Companies (Special Provisions) Act.
Phoenix Legal
The introduction of the Insolvency and Bankruptcy Code, 2015 (the Code) in the Lok Sabha by Finance Minister Arun Jaitley on December 21, 2015 was greeted by unanimous applause and a sigh of relief from all stakeholders.
Phoenix Legal
In Pegasus Assets Reconstruction P Ltd v M/s Haryana Concast Limited a division bench of the Supreme Court held that a company court cannot wield any control in respect of a sale of secured assets by a secured creditor.
GRATA Law Firm
The International Comparative Legal Guide : Corporate Recovery & Insolvency 2016, 10th edition. A practical cross-border insight into corporate recovery and insolvency work.
GRATA Law Firm
The Law sets out an exhaustive list of grounds when a company director may be held secondarily liable for liabilities of the company.
Chapman Tripp
This High Court ruling provides important guidance on the operation of New Zealand's voluntary administration regime.
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Trilegal
The Insolvency and Bankruptcy Code passed by the Parliament is a welcome overhaul of the existing framework dealing with insolvency of corporates, individuals, partnerships and other entities.
S.S. Rana & Co. Advocates
The constitution of the aforesaid Tribunals is in exercise of the powers conferred by Sections 408 and 410 respectively of the new Companies Act, 2013.
Clayton Utz
A recent NSW decision has implications for liquidators of trustee companies dealing with trust funds and priority debts.
Clyde & Co
The plaintiff, Mr Berryman, was a self-employed carpenter who suffered an injury at work on 7 July 2009 when a large rock crushed his foot.
Duncan Cotterill
A discussion of Cargill International v Solid Energy New Zealand Ltd.
Chapman Tripp
This High Court ruling provides important guidance on the operation of New Zealand's voluntary administration regime.
Khaitan & Co
The S4A Scheme is aimed at deep financial restructuring of projects having a chance at sustained revival as well as strengthening the lender's ability to deal with such stressed assets.
Khaitan & Co
As a demonstration of India's combined political will, the much awaited and debated Insolvency and Bankruptcy Code, 2016 was passed by the Upper House of the Parliament on 11 May 2016 (shortly after being passed by the Lower House on 5 May 2016).
LexCounsel Law Offices
The Code envisages that the insolvency resolution processes will be conducted by insolvency professionals.
Khaitan & Co
In continuation of its policy to curb bad loans and arrest incipient stress in the system, the RBI introduced a new scheme on June 13, 2016 titled the ‘Scheme for Sustainable Structuring of Stressed Assets'.
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