Mondaq All Regions: Insolvency/Bankruptcy/Re-structuring
Corrs Chambers Westgarth
The director could not take a valid assignment of the statutory claims, so could not be substituted into the proceeding.
Kott Gunning
Discussion about recent High Court case and the reasons for confirming the validity of holding DOCAs.
Colin Biggers & Paisley
This case supports parties seeking to rely on traditional set-off in construction or other contracts after a liquidation.
Corrs Chambers Westgarth
In other circumstances, it could be appropriate for the administrator of the company to be appointed as the liquidator.
Torkin Manes LLP
Almost one year ago, in an article entitled "Are Forbearance Agreements on the Endangered Species List? The Effect of Canada v. Callidus Capital on Lender's Dealings with Insolvent Borrowers"...
Bennett Jones LLP
In a unanimous decision issued November 8, 2018, the Supreme Court of Canada granted the appeal of the decision of the Federal Court of Appeal in Canada v Callidus Capital Corp, 2017 FCA 162.
Gardiner Roberts LLP
Callidus Capital has struck back against what some call the evil empire aka CRA.
Langlois lawyers, LLP
In this matter, the debtor Cheese Factory Road Holdings Inc. ("Cheese Factory") had collected but failed to remit GST/HST to the Crown between 2010 and 2013.
Morrison & Foerster LLP
English law restructuring and insolvency tools are used to implement financial restructurings and the external administration of foreign companies
Hogan Lovells
The recently published report on the evaluation of the ESUG, the German law to facilitate the restructuring of companies, states that the changes introduced by the ESUG have been received...
S.S. Rana & Co. Advocates
The Bank on September 3, 2018 filed an application to recover USD 52.5 million from Ruchi Soya Industries Limited.
S.S. Rana & Co. Advocates
The stricter provision of the IBC and their effective enforcement have made it an active vehicle in order to resolve the problem of bad loans.
S.S. Rana & Co. Advocates
As per the provisions of the IBC, an insolvency resolution professional appointed to conduct the corporate insolvency resolution process.
BSA Ahmad Bin Hezeem & Associates LLP
Nearly six months after Saudi Arabia approved its first Bankruptcy Law (Saudi Arabia Royal Decree No. M5/1439 and Saudi Arabia Cabinet Decision No. 264/1439),
Squire Patton Boggs LLP
The effect of this was to swell the pot of assets available to be applied to all unsecured creditor claims.
Troutman Sanders LLP
The Northern District of Illinois recently held that a collection letter sent to a consumer's attorney seeking payment on a debt discharged in bankruptcy did not violate the Fair Debt Collection Practices Act based on the "competent lawyer" standard.
Lowndes, Drosdick, Doster, Kantor & Reed, P.A.
It may be hard to believe, but it's been 22 years since California became the first state to permit the legal use of medical marijuana.
Kramer Levin Naftalis & Frankel LLP
A noteholder appealed, arguing, among other things, that the plan unfairly discriminated against his class of claims since other unsecured creditors in separate classes would receive 100 percent recovery.
Kramer Levin Naftalis & Frankel LLP
The Brodskis sued, claiming that Arctic Glacier owed them the dividend.
Kramer Levin Naftalis & Frankel LLP
This decision is based upon a series of bankruptcy cases involving OnSite.
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Saudi Arabia's bankruptcy and insolvency law regime has been governed by two regulations, the earliest dating back to 1930.
ClarkeKann Lawyers
PBAs are trust accounts, intended to protect down the line subcontractors from the insolvency of up the line contractors.
VGC Law Firm
The same have been briefly discussed in the present article.
Clarus Law Associates
On 11.10.2018, a division bench of the Hon'ble Supreme Court of India comprising of Justice R.F. Nariman and Justice Navin Sinha in the matter of B.K. Educational Services Private Limited v Parag Gupta And Associates, ...
Stacks Law Firm
Creditor sues for money received by bankrupt from his late mother's superannuation fund.
Khurana and Khurana
The Corporate Debtor/Respondent (Uttam Galva Metallics) defaulted in the payment to the Operational Creditor/Appellant (Macquarie Bank) amounting to USD 6,321,337 equivalent to Rs. 43,11,15,190.
The amount of any liability in respect of any of the guarantee or indemnity for any of the items referred to in sub-clauses (a) to (h) of this clause.
Earlier this month, the Supreme Court of India (the "SC") passed a much-awaited judgment concerning the eligibility of resolution applicants for Essar Steel India Limited.
Worrells Solvency & Forensic Accountants
Using credit repair and debt management firms may mean consumers pay high fees and not get the solution they're seeking.
Norton Rose Fulbright Canada LLP
The high (and rising) cost of complex commercial litigation proceedings remains one of the defining features of litigation in Ontario, and across Canada more broadly.
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