How to file for bankruptcy or liquidation in the event of a business failure in the United Arab Emirates? – New
If an entity is unable to pay its debts to its creditors, it may choose…
Monthly Archives: October, 2021
Court grants Steinhoff leave to appeal disputed jurisdiction in liquidation case
Steinhoff has argued that he cannot face a liquidation hearing in a South African court.…
Liquidation of the assets of Microfinance Institutions, Caisses d’Epargne et de Crédit: land properties put up for sale
The receiver of 347 microfinance companies and 23 savings and loan companies, Eric Nana Nipa,…
Scottish insolvency figures rise in third quarter
The number of business bankruptcies in Scotland increased by 80.3% between July and September of…
Credit Strategy – Turnaround, Restructuring and Insolvency News (IRR)
The figure stood at 1,446 in September 2021, higher than the number of 928 recorded…
Sixth Circuit Confirms Chapter 13 Debtor’s Right to Request and Obtain Dismissal of Bankruptcy Case
A law must be interpreted and applied as it is written, regardless, according to the…
Tissue Co. Gorham obtains approval for vote on Ch. 11 Liquidation
By Rick Archer (October 27, 2021, 8:00 p.m. EDT) – A Delaware bankruptcy judge sent…
Note on changes to the CIRP and the liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) published working papers soliciting comments on issues…
Legal changes made to attract insolvency work
(CNS): A number of changes are being made to the companies law that officials at…
Gordon Brothers to lead liquidation of Ranger Energy Services
Boston, October 26, 2021 (GLOBE NEWSWIRE) – Gordon Brothers, the global consultancy, restructuring and investment…
Subject to your approval: conclusion of post-liquidation agreements – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. This week’s TGIF examines a…
Southern Bay Brewing placed in liquidation
The Southern Bay Brewing in Geelong has been put into liquidation. According to an insolvency…
Liquidation work in progress for the companies Vijay Mallya, Nirav Modi
Even though insolvency proceedings against liquor baron Vijay Mallya and diamond dealer Nirav Modi continue…
Legalpay funds Bengaluru-based hospital as part of corporate insolvency process
The main objective of granting interim financing is to keep companies in insolvency under the…
Can a medical consultant be discriminated against against a doctor employed in the insolvency process of a hospital? SC to examine
The Supreme Court has issued an opinion on a petition that raises the question of…
UK Small Businesses Consider Insolvency To Escape Covid State Loans
Small businesses in the UK are seeking advice on ways to escape dangerous levels of…
Prof Prem Sikka: Britain’s insolvency industry is corrupt and reform is long overdue
“The insolvency industry is the ‘Wild West’ of our time” Prem Sikka is Emeritus Professor…
Balnacraig School: liquidation of one of Scotland’s oldest charities
ONE OF Scotland’s oldest charities that has provided life-saving care to vulnerable children and young…
Restructuring, Insolvency and Bankruptcy Chile Newsletter – September / October 2021 | Dentons
Find out about the latest news on restructuring, insolvency and bankruptcy in Chile: a favorable…
Numsa loses ConCourt offer to force parliament to suspend liquidation of SA Express, Denel
Numsa General Secretary Irvin Jim argued that Parliament has a duty of oversight and accountability…
Phasing out of temporary insolvency protection
Sponsored article | Sean Fitzgerald, Woodfines Lawyers Sean Fitzgerald, Woodfines attorneys (52303136)Since June 2020, companies…
More and more companies are opting for insolvency
The number of companies choosing to go into liquidation has reached its highest level since…
Dubai courts: a stern warning for executives of companies in liquidation
On October 10, the Dubai Magistrate’s Court issued a potentially groundbreaking judgment regarding directors’ liability…
BetIndex administrators intend to seek liquidation
The co-administrators of BetIndex have announced their intention to seek a termination order from the…
Teligent: Company arranges $ 12 million debtor-in-owner financing from its senior secured lenders and access to its cash collateral on a consensus basis – Form 8-K
Company arranges $ 12 million debtor-in-owner financing from its senior secured lenders and access to…
What we’re reading this week [October 11, 2021] – Insolvency / Bankruptcy / Restructuring
United States: What we’re reading this week [October 11, 2021] October 15, 2021 Mayer brown…
Barcelona liquidation insider risked revealing massive debts mean ‘we could be a mid-table La Liga club’
It has been alleged that Barcelona are set to be declared bankrupt in March as…
Chapter 11 Debtor May Avoid Mortgage
Name of borrower missing from certificate of recognition By: Eric T. Berkman October 14, 2021…
Liquid Asset Partners Forms JV for Retail Liquidation
Grand Rapids-based asset liquidation company Liquid Asset Partners LLC has formed a joint venture with…
Insolvency law takes a hit: A review of Roofings v Roko Construction
Click here to listen to the audio The Ugandan High Court has ruled that a…
John Doyle Construction Ltd v Erith Contractors Ltd – Insolvency and Arbitration Continued
The case of John Doyle Construction Ltd v Erith Contractors Ltd [2021] EWCA Civ 1452…
Recent CVA, plans and restructuring plans – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. High Court sanctions plan proposed…
Skye Assets Fund SPC – Pressing the Pause button during a voluntary liquidation
When a shareholder has bought back his participation following a failed investment without objection a…
Srei group enters moratorium as NCLT admits insolvency pleas
Almost a week after the Reserve Bank of India (RBI) replaced the boards of directors…
Woodbridge Liquidation Trust Announces Cash Distribution
GLENDALE, Calif .– (COMMERCIAL THREAD) – Woodbridge Wind-up Trust (the “Confidence”) announced that its liquidation…
NCLT admits insolvency pleas against 2 companies of the Srei group and appoints a director
The NCLT on Friday admitted insolvency claims brought by banking regulator RBI against two companies…
Temporary Insolvency Practice Guidelines Provide Certainty About Administrative Appointments
Throughout the pandemic, we have seen a succession of temporary practice guidelines, allowing practitioners to…
NCLT admits NBFCs from SREI group for insolvency
The Kolkata formation of the National Company Law Tribunal admitted non-bank lenders from the SREI…
Fetchr threatened with liquidation
Fetchr threatened with liquidation New • 07 October 2021 Edit UAE-based last mile delivery company…
IBC: beyond traditional liquidation – L’Express Financier
According to the latest IBBI newsletter, six large companies were sold as a going concern…
Cross-border insolvency – First recognition of reorganization proceedings in the PRC by the Hong Kong court
HNA Group Co., Limited (under reorganization in Mainland China) [2021] HKCFI 2897 (Decision date: September…
Center to cut the wings of banks amid alert on deep haircuts in insolvency
The Ministry of Commercial Affairs (MCA) will soon begin consultations with the Reserve Bank of…
#Brew Insolvency: Where Now for Hybrid Claims? (Video) – Insolvency / Bankruptcy / Restructuring
UK: #Brew Insolvency: Where Now for Hybrid Claims? (Video) 05 October 2021 Sentry rooms To…
Debtor loses offer for High Court to hear student loan case
By Vince Sullivan (October 4, 2021, 4:44 p.m. EDT) – Bankrupt woman lost her candidacy…
Liquidation: All public auction notices will be published on the IBBI online platform from October 1
Insolvency regulator IBBI has now made it mandatory to publish all public auction notices for…
RBI replaces boards of directors of Srei companies, to initiate insolvency proceedings soon
The Reserve Bank of India (RBI) replaced the boards of directors of Srei Infrastructure Finance…
RBI Replaces Boards of Directors of SREI Companies, Considering Insolvency Proceedings
The Reserve Bank of India (RBI) replaced the boards of directors of Srei Infrastructure Finance…
The 13 Macao Hotel Insolvable, Doomed Casino liquidation initiated
Posted: Oct 3, 2021, 8:46 a.m. Last update on: October 3, 2021, 11:42 a.m. Macau’s…
Thousands of businesses at risk of insolvency as ban on liquidating businesses ends today
As the government gradually removes its restrictions on liquidation requests, lenders and creditors can legally…
US Bankruptcy Court Gives PAL Access to $ 505 Million Debtor-in-Operator Financing
The national airline Philippine Airlines Inc. (PAL) announced on Friday that it had received approval…
High Court Interpretation of Insolvency on an Insurance Proposal Form
Rahman Ravelli’s Syedur Rahman examines case focused on raising a company’s awareness of industry-related legal…