Corrs Chambers Westgarth
In recent case 2 linked companies were to be a pooled group to satisfy the external debts payable by both companies.
Article discusses new law that gives greater powers to detect and disrupt phoenix activity and to prosecute offenders.
The Privy Council has determined clawback claims can be served outside of the jurisdiction on a foreign creditor.
Aird & Berlis LLP
On December 30, 2019, the Supreme Court of Newfoundland and Labrador (the "NLSC") released its decision in Re Norcon Marine Services Ltd.1 ("Norcon Marine"),
Singh & Associates
High Court can interfere under Article 226/227 of the Constitution against NCLT order, which lacks jurisdiction on a particular matter.
Singh & Associates
The IBBI had vide gazette notification dated 20.11.2019 issued the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Personal Guarantors to Corporate Debtors) Regulations, 2019 ...
Khaitan & Co
The Supreme Court has recently in its judgment dated 21 January 2020, in the case of Standard Chartered Bank v MSTC Limited [SLP (C) No 20093 of 2019], provided clarity on the interplay between the ...
The CIRP of an FSP shall be initiated on an application by the appropriate regulator.
In February 2016 ACC Loan Management Limited (ACC) appointed the plaintiff as receiver over two properties belonging to the first and second named defendants.
Yigal Arnon & Co
Israel recently enacted a new Insolvency Law, which came into effect in September 2019. The statute substantially revises procedures and substantive rights in connection with corporate insolvency
Proskauer Rose LLP
With the explosion of private credit over the last decade, it felt almost inevitable that this past year, one marked by prolonged anticipation of a global economic slowdown
Ward and Smith, P.A.
Filing a bankruptcy petition automatically halts efforts to collect pre-petition debts from the debtor outside of bankruptcy.
Masuda, Funai, Eifert & Mitchell, Ltd.
In any bankruptcy, there are inevitably winners and losers. The winners do not always do virtuous acts to win and the losers are not necessarily evil.
Foley & Lardner
When entering into a joint venture or other ongoing contractual relationship in which intellectual property ("IP") is central to the value proposition
Stites & Harbison PLLC
On Wednesday, February 19, 2020, the Small Business Reorganization Act of 2019 becomes effective, creating a new Subchapter V for small-business debtors (less than $2,725,625 in debt).
Bowditch & Dewey
In February 2020, the Small Business Reorganization Act became effective, adding a set of new reorganization provisions to the Bankruptcy Code
In the July/August 2019 issue of the Business Restructuring Review, we discussed a landmark decision by the U.S. Court of Appeals for the Fifth Circuit in In re Ultra Petroleum Corp., 913 F.3d 533(5th Cir. 2019).
A brief chronicle of the year's developments in corporate bankruptcy and restructuring.
A basic tenet of bankruptcy law, premised on the legal separateness of a debtor prior to filing for bankruptcy and the estate created upon a bankruptcy filing, is that prepetition debts are generally treated differently.
In answer to the question, "not quite". The use of Administration in Gibraltar for insolvent companies is a fairly recent, and in the case of insurance companies, an innovative use of this insolvency procedure.