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Coleman Greig Lawyers
New rules stop phoenix activity & the practice of directors transferring assets (but not debt) out of a company prior to liquidating it.
Coleman Greig Lawyers
Since the PI rule has been abolished, it is harder for liquidators to pursue some unfair preference claims. as outlined here.
Corrs Chambers Westgarth
The Court retains power to deal with property disclaimed by a bankruptcy trustee.
Worrells Solvency & Forensic Accountants
Corporate insolvency appointments have remained well below long-term averages through the first five months of 2021.
Worrells Solvency & Forensic Accountants
A public examination is a court-ordered investigation to discover more information about a company's financial affairs.
Worrells Solvency & Forensic Accountants
It is critical to understand and appreciate that receiver & statutory trustee appointments does not resolve the dispute.
Worrells Solvency & Forensic Accountants
A meeting with Worrells does not mean a formal insolvency appointment is the only outcome, or the end of the company.
BRI Ferrier
The video discusses insolvency, debts due to the ATO and what to do if you find yourself in this position.
China
Winston & Strawn LLP
On May 14, 2021, the Secretary for Justice of Hong Kong and Vice-President of the Supreme People's Court (SPC) of China signed a record of meeting (the Record)
Hong Kong
Akin Gump Strauss Hauer & Feld LLP
On May 14, 2021, the Department of Justice of the government of the Hong Kong Special Administrative Region announced that the Secretary for Justice of Hong Kong..
Ogier
変化するマーケットの中で成長するチーム
Carey Olsen
In the recent case of Byers and others v Chen Nanning [2021] UKPC 4, the UK Privy Council examined the duties of a director in relation to an insolvent British Virgin Islands (BVI) company
India
HSA Advocates
As per provisions of the Insolvency and Bankruptcy Code, 2016 (IBC or Code), in case of any defaults in paying a debt, financial and other creditors of Corporate Debtor or the Corporate Debtor itself ...
HSA Advocates
The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (recommendations) Guidelines, 2021
Trilegal
The Supreme Court has held that release or discharge of a principal borrower from the debt owed by it to its creditor by an involuntary process, i.e. by operation of law...
Juris Prime Law Services
This is a comprehensive Code as far as insolvency proceedings are concerned and will have overriding effect over all other laws in relation to insolvency proceedings.
Singh & Associates
The Hon'ble Supreme Court ("SC") vide its judgment dated March 26, 2021, upheld the findings of the National Company Law Tribunal ("NCLT") dated December 12, 2019...
Trilegal
Recently on 21 May 2021, Supreme Court in Lalit Kumar Jain v. Union of India, 2021 SCC OnLine SC 396, upheld the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process ...
HSA Advocates
SC vide judgment dated April 15, 2021 in the matter of Asset Reconstruction Company (India) Ltd v. Bishal Jaiswal & Anr. decided a crucial question of law pertaining to whether entries...
Khaitan & Co
The Supreme Court of India in the case of Lalit Kumar Jain v. Union of India & Ors. by its judgement dated 21 May 2021 upheld the validity of notification no. S.O. 4126 (E) dated 15 November 2019...
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