Mondaq All Regions: Insolvency/Bankruptcy/Re-structuring
DLA Piper
The use of creditors' schemes of arrangement is on the rise in Australia. Along the way the Australian courts have made valuable contributions to international scheme jurisprudence.
Worrells Solvency & Forensic Accountants
This is an analysis of 2018-2019 corporate insolvencies, which industries were affected and where they were recorded.
Worrells Solvency & Forensic Accountants
The creditor received a demand to repay monies to the liquidator pursuant to section 569 of the Corporations Act 2001.
Worrells Solvency & Forensic Accountants
Instead of paying for advice from a specialist, this man wasted years in bankruptcy and paid much more than he had to.
Corrs Chambers Westgarth
Courts will set aside a resolution if there are deficiencies in the process by the person who exercises a casting vote.
Worrells Solvency & Forensic Accountants
In this current economic climate, small business operators who see no future ahead, may still have options to consider.
The Australian Small Business and Family Enterprise Ombudsman has established an own-initiative inquiry into "the insolvency system".
Miller Thomson LLP
Stichting, un fiduciaire désigné pour plusieurs actes de fiducies et d'accords de financement, réclame que ses frais soient payés avant qu'aucune autre distribution ne soit faite
Burnet, Duckworth & Palmer LLP
Since the Leduc No. 1 oil well was drilled in 1947, the petroleum and natural gas industry has grown to become a cornerstone of the Alberta economy
Dezan Shira & Associates
On November 6, China's National Development and Reform Commission (NDRC) released the Catalogue for Guiding Industry Restructuring (2019 version), which will take effect January 1, 2020.
HSA Advocates
The Cabinet ministers of the Indian Government on 17 July 2019 said it would again amend the Insolvency and Bankruptcy Code, 2016.
Phoenix Legal
The Supreme Court on December 3, 2019, in an appeal filed in the case of Embassy Property Developments Pvt. Ltd, held that though the National Company Law Tribunal and the National Company Law Appellate Tribunal ...
Dhaval Vussonji & Associates
By a notification dated 15th November 2019, the Central Government has from the 1st of December, 2019 brought into effect Part III of the Insolvency and Bankruptcy Code, 2016 ("the Code") ...
Hammurabi & Solomon
The NCLAT has observed that it is the duty of the Interim Resolution Professional to take control and custody of all the assets that the Corporate Debtor has ownership right even if it is situated outside India.
The MCA has extended the insolvency framework applicable to corporate debtors under the Insolvency and Bankruptcy Code, ...
VGC Law Firm
In the present case, it is noticeable that no doubt, Hero was provided with 32.34% of its admitted claim as it has dissented with the plan.
Obhan & Associates
The Ministry of Corporate Affairs ("MCA") vide its press release dated November 15, 2019 has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial...
Hogan Lovells
Most advocates before the Supreme Court have argued there before, and for many first-timers it's the capstone of a distinguished career
Thompson Coburn LLP
Parties to syndicated credit agreements and high-yield bond indentures have recently introduced provisions.
Foley & Lardner
In a previous blogpost, we explained the technical requirements for financing statements and the potential risks of failing to satisfy them,...
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The Insolvency and Bankruptcy Code (Amendment) Act, 2019 seeks to address critical gaps and inconsistencies in insolvency resolution timelines, payments received by operational creditors under
Argus Partners
In financing transactions, one of the most conventional means of securing the payment obligations of a corporate borrower is to obtain a guarantee from the promoters or holding/ group companies of such borrower.
VGC Law Firm
The default referred to herein above is in respect of a financial debt owed to any financial creditor.
Khurana and Khurana
It is better to have one codified legislation than multiple to deal with the aspects of a company which can have a singular umbrella.
IndiaLaw LLP
List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims
Dhaval Vussonji & Associates
By a notification dated 15th November 2019, the Central Government has from the 1st of December, 2019 brought into effect Part III of the Insolvency and Bankruptcy Code, 2016 (save and except provisions dealing with ...
Corrs Chambers Westgarth
This case is an example of courts considering and largely accepting cross-jurisdictional cooperation in insolvency matters.
Corrs Chambers Westgarth
Complex situations, where matters are adversarial, warrant judicial advice, but not for deciding the specific dispute.
Duff and Phelps
The reforms are a mixed bag.
Rotfleisch & Samulovitch P.C.
Canada's Income Tax Act contains several rules allowing the Canada Revenue Agency to collect tax debts by pursuing someone other than the original taxpayer.
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