Peter Oreb and Ingrid Webber were directors of a group of companies supplying workforce solutions to some of the largest corporations in the world.
The new legislation aims to promote a culture of entrepreneurship and a reduction in the stigma around company failure.
HHG Legal Group
External administrators were appointed to construction company, Builton, following an application for winding up.
Burnet, Duckworth & Palmer LLP
Acquiring a distressed business or asset can be an excellent investment opportunity for prospective purchasers. Strategic buyers see distressed entities as presenting avenues which may not have otherwise been available if the target was solvent.
Thornton Grout Finnigan LLP
The Ontario Court of Appeal released its decision denying parties leave to appeal from Justice Newbould's decision which held that global proceeds of sale in the amount of US$7.3 billion should be distributed to the worldwide Nortel debtor estates on a pro rata basis.
Miller Thomson LLP
Certains créanciers s'opposent à l'homologation d'une proposition de Société de Gestion GLI inc.
Gardiner Roberts LLP
A few weeks ago, I decided to take a break from reading cases, arguments and alternative arguments to peruse the news (read: basket-cases, facts and "alternative facts") instead.
Given the substantial amount of capital invested in Canadian businesses by American investors a considerable number of trust indenture documents are governed by US law and are "qualified" under the Trust Indenture Act of 1939.
January 18, 2017, was the effective date of EU Regulation No 655/2014 of May 15, 2014
Finally, section 143 of the Insolvency Code was amended to provide that interest accrues on a monetary avoidance judgment only after
The decision left open whether a contractually agreed-upon early termination right violates section 104.
S.S. Rana & Co. Advocates
The Insolvency and Bankruptcy Board of India (‘IBBI') was established under Insolvency and Bankruptcy Code, 2016 (‘Code').
Jersey has a familiar range of legal processes and remedies for the restructuring and insolvency of corporations.
Kramer Levin Naftalis & Frankel LLP
In a three-line order, the Delaware Supreme Court recently affirmed the Court of Chancery's dismissal of a suit by a creditor against Athilon Capital Corp.
Kutak Rock LLP
Many "all assets" UCC financing statements contain language in the collateral description which expands upon, illustrates or explains that "all assets" means all of a debtor's assets.
Burns & Levinson LLP
When entering into a new venture, it is not uncommon for a new legal entity to be formed in order to insulate an existing company from the liabilities associated with the new business.
A bankruptcy judge in the Eastern District of California recently issued a decision that is sure to raise appellate eyebrows.
Holland & Knight
In a 6-2 decision, the U.S. Supreme Court ruled in favor of the petitioners in Czyzewski, et al. v. Jevic Holding Corp, et al., reversing the decision of the U.S. Court of Appeals for the Third Circuit.
An important aspect of the Puerto Rico Oversight, Management, and Economic Stability Act, 48 U.S.C. §§ 2101–2241 ("PROMESA")—the temporary stay of creditor collection efforts that came into effect upon its enactment—was the subject of a ruling handed down by the U.S. Court of Appeals for the First Circuit.
Expect the Guidelines to be implemented in other significant jurisdictions.