Mondaq All Regions: Insolvency/Bankruptcy/Re-structuring
BRI Ferrier
Divesting shares for no consideration under a DOCA does appear to be a drastic measure for a deed administrator to adopt.
Surry Partners
Be careful with Creditors Statutory Demands because a later request for interest can cause the enforcement mechanism to fail.
Corrs Chambers Westgarth
It was clear that the applicants had proceeded on the basis that they had been validly appointed for the company.
McCullough Robertson
The majority of queries from directors related to the obligations to pay employee entitlements and lodge tax documents.
Veirano e Advogados Associados
A assembleia geral de credores do Grupo Aralco, em recuperação judicial, autorizou a empresa a captar financiamento por meio da modalidade DIP.
Aird & Berlis LLP
An equipment finance company finances the purchase of a truck and registers a purchase-money security interest (a "PMSI") pursuant to the Personal Property Security Act (Ontario) (the "PPSA") to protect its interest.
Aird & Berlis LLP
Encrypted digital currencies ("cryptocurrencies"), particularly Bitcoin, have recently become the target of enormous international speculation and market scrutiny.
Campbells
This year's Chambers Global Practice Guide to Insolvency Law in the Cayman Islands was once again authored by Guy Manning, Guy Cowan and Mark Goodman of Campbells.
Nishith Desai Associates
The Reserve Bank of India ("RBI") has in the past, issued various instructions aimed at resolution of stressed assets in the economy, while also introducing certain specific schemes for resolution ...
Trilegal
The Reserve Bank of India has introduced a revised framework in relation to the resolution of stressed assets withdrawing all extant instructions in this regard, such as SDR, S4A and CDR.
Nishith Desai Associates
Corporate Debtor itself or any other creditor may file fresh proceedings under the Bankruptcy Code regardless of admitted and pending winding up petitions before Company Courts
VGC Law Firm
The RBI in exercise of its powers under the Banking Regulation Act, 1949 and the Reserve Bank of India Act, 1934 on 12th February, 2018 brought in a revised framework for resolution of stressed assets to overhaul the existing framework, ...
VGC Law Firm
Presently in India there is a systemic vacuum which exists with regard to bankruptcy situations in financial firms.
Ronan Daly Jermyn
Ms. Justice Marie Baker has found in her recent judgment In the Matter of Niamh Meeley & Ors that debtors also have a voice in applications brought on their behalf by a Personal Insolvency Practitioner...
Guzeloglu Attorneys-at-law
Yatırım ortamının iyileştirilmesi amacıyla yargı sisteminin kalitesi, hızı ve sözleşmelerin icrası hakkında önemli değişiklikler ile birlikte hukuk sisteminin daha etkin hale getirilmesi istenmektedir.
Gowling WLG
In May 2016 the UK government published its Review of the Corporate Insolvency Framework - A Consultation on options for reform.
Clyde & Co
The recent decision of Jefford J in Peel Port Shareholder Finance Co Ltd v Dornoch Ltd [2017] EWHC 876 (TCC) clarified the applicable regime for pre-action disclosure ...
Pinsent Masons LLP
Following the collapse of Lehman Brothers in 2008, the investment bank Special Administration Regime was introduced to deal with failed investment banks or other firms that deal with client assets.
STA Law Firm
Since the time of its promulgation in the year 2016, the Bankruptcy Law has been widely discussed and deliberated on. The enactment of Federal Law Number 9 of 2016 (the New Law) ...
Kramer Levin Naftalis & Frankel LLP
The First Circuit in Mission Product Holdings, Inc. v. Tempnology, LLC (In re Tempnology, LLC), 879 F.3d 389 (1st Cir. 2018), recently held that the Debtor's rejection of a trademark license left ...
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ClarkeKann Lawyers
PBAs are trust accounts, intended to protect down the line subcontractors from the insolvency of up the line contractors.
Worrells Solvency & Forensic Accountants
Section 588FDA of the Corporations Act provided that it was voidable as an unreasonable director-related transaction.
Stacks Law Firm
Creditor sues for money received by bankrupt from his late mother's superannuation fund.
Dhaval Vussonji & Associates
The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
Singh & Associates
The Union Cabinet, in its meeting held in the month of June 2017, has approved19 the Financial Resolution and Deposit Insurance Bill, 2017...
Worrells Solvency & Forensic Accountants
AFSA has recently released annual statistics, trends and also data about personal insolvency causes for the 2016-17 year.
Worrells Solvency & Forensic Accountants
This article examines challenges to the entitlement of creditors in bankrupt estates to vote at meetings of creditors.
Worrells Solvency & Forensic Accountants
The judge provided guidance on some key principles around a bankrupt trustee's right of indemnity out of trust assets.
Corrs Chambers Westgarth
Options available to liquidators when examinee fails to appear including option of adverse costs orders if examinee appeals.
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.
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