Catholics on the Burin Peninsula were already troubled by insolvency. Now they lose their priest
Father Nelson Boren is a Roman Catholic priest who ministers in five churches on the…
Browsing: Insolvency
Delaware Bankruptcy Court Ruling Highlights Potential Defenses to Equitable Subordination Action – Insolvency/Bankruptcy
On March 25, 2022, the U.S. Bankruptcy Court for the District of Delaware dismissed a…
R3 Responds to March 2022 Insolvency Statistics
Business bankruptcies have more than doubled in the past year, according to professional body R3…
Prospective buyers preparing final offers for St. Lawrence mine, insolvency monitor says
The company overseeing the sale process for the insolvent St. Lawrence fluorspar mine has confirmed…
Insolvency proceedings cannot be brought against the legal heirs of a personal guarantor under the Insolvency and Bankruptcy Code 2016: Bank Of Baroda, Stressed Asset Management Branch (Samb) V Ms Divya Jalan, Heiress personal guarantor of the late Sandeep Kumar Jalan – Insolvency/Bankruptcy
To print this article, all you need to do is be registered or…
Need a framework to study the impact of insolvency law: secretary for corporate affairs
Amid fears the insolvency law has led to more liquidations than resolutions of troubled assets,…
Need for a framework to study the impact of insolvency law: Secretary for General Affairs
Mr. Rajesh Verma said that the government and regulator IBBI have constantly made course corrections…
Update on Recent Developments in Bankruptcy Law – Insolvency/Bankruptcy
April 29, 2022 Jenner and Block To print this article, all you need…
UK government consultation on changes to insolvency rules for insurers – a financial counterparty perspective | Insights and Events
In May 2021, the UK government issued a Consultation which presented its proposals for targeted…
Latest insolvency statistics show rise in voluntary liquidations
MANY business owners have decided that they will not be able to weather short-term economic…
Joint Provisional Liquidators Appointed: All Year Holdings Limited – Insolvency/Bankruptcy/Restructuring
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Fault and Justice: Section 212 of the Insolvency Act 1986
The recent decision of the English High Court of Re Glam and Tan Ltd [2022]…
Insolvency Service cracks down on other bouncing loan abusers
The Insolvency Service has successfully secured restrains against a gym operator and a roofer after…
Insolvency and Bankruptcy Board Amends Voluntary Winding-Up Process Regulations – Insolvency/Bankruptcy/Restructuring
India: Insolvency and Bankruptcy Board Amends Voluntary Liquidation Process Regulations April 18,…
Collection of debts via insolvency files at 31%; 47% of cases liquidated: report
Nearly half of the 3,247 insolvency cases have been resolved through liquidation, and…
IBBI Notifies Amended Insolvency and Bankruptcy of India (Voluntary Liquidation Process) Regulations 2017
the Board of Insolvency and Bankruptcy of India (“IBBI”) issued a press release on 08.04.2022…
Indian Insolvency Quarterly Overview – January to March 2022 – Insolvency/Bankruptcy/Restructuring
In recent times, several noteworthy judgments have been rendered by Indian courts and tribunals in…
End of Covid Restrictions under Corporate Insolvency and Governance Act on Issuance of Winding Up Petitions – Insolvency/Bankruptcy/Restructuring
UK: End of Covid restrictions under Corporate Insolvency and Governance Act on issuing…
Insolvency ‘tsunami’ will wipe out more than 10,000 businesses
Thousands of COVID zombie businesses and many more with unmanageable debts mean Australia will be…
High Court rules in UK’s first contested stand-alone moratorium proceeding – Insolvency/Bankruptcy/Restructuring
UK: High Court rules on UK’s first disputed stand-alone moratorium process April…
Final Payments on Termination and Insolvency: Does the Construction Act Apply?
A recent High Court decision ruled that the payment provisions of the Building Act did…
Government streamlines insolvency law
The government is taking steps to simplify the rules governing “unfair preference” claims by liquidators.…
Bankruptcy and insolvency — Consultation on the treatment of trusts under insolvency law
Australia’s current corporate insolvency regime does not expressly cover how companies that structure themselves through…
Halifax gas fitters banned from operating businesses after abusing insolvency regime
The two gas fitters appeared at Bradford Crown Court for sentencing after pleading guilty to…
National Security and Investment and Restructuring and Insolvency Act 2021 | Goodwin
The National Security and Investment Act 2021 (“NSIA” or “the Act”) came into force in…
10 positive aspects of insolvency law
The Ministry of Economy presented a series of bills to the Congress of the Republic…
Chelsea risk insolvency without a sale, says sport’s top lawyer
Chelsea FC need Russian oligarch Roman Abramovich to sell the club quickly. If not, there’s…
Change the insolvency law for a rapid overhaul of the sugar sector
Columnists Change the insolvency law for a rapid overhaul of the sugar sector Wednesday, March…
Powell Associates Ltd. – Licensed Insolvency Trustee Helps With Bankruptcy Issues in Halifax, Nova Scotia
Dartmouth, NS – Powell Associates Ltd. – The Licensed Insolvency Trustee works with individuals and…
Jersey insolvency: a fresh start for creditors – Insolvency/Bankruptcy/Restructuring
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How to avoid business insolvency in 2022
Shackles preventing stakeholders from lobbying companies will soon be resolved as petition protections and rental…
TGIF March 4, 2022 – Court Approves Liquidator Funding and Maintains Confidentiality – Insolvency/Bankruptcy/Restructuring
This week’s TGIF considers Thorn (liquidator), in the matter of South Townsville Developments Pty Ltd…
Avatar becomes second Florida insurer to face insolvency this year
Two weeks after St. Johns Insurance Co. was declared insolvent, Florida regulators moved to begin…
Insolvency Practitioners: Supporting Mental Health for Best Outcomes – Insolvency/Bankruptcy/Restructuring
Australia: Insolvency Practitioners: Supporting Mental Health for Best Outcomes March 08, 2022…
Insolvency regulator to get more teeth, punitive powers; main map amendments
Commenting on whether the IBBI should be further strengthened, a former central banker said: “There…
Insolvency code recoveries shrink to 33% – The New Indian Express
By Express press service NEW DELHI: The much-vaunted reform of the Narendra Modi government -…
Powell Associates Ltd. – Licensed Insolvency Trustee Helps Individuals Understand Bankruptcy in Halifax, NS
Dartmouth, NS – The most common circumstances that could cause someone to accumulate unmanageable debt…
Insolvency Overview – Issue 8 | February 2022 – Insolvency/Bankruptcy/Restructuring
Kireeva vs. Bedzhamov [2022] EWCA Civil 35 Where a court recognizes a foreign bankruptcy order…
Agency ceases operations and appoints insolvency team to…
A two-branch letting agency in Hertfordshire has gone out of business and announces that it…
Hull UK Corporate Rescue/Insolvency Solicitors – Legal Advice Service Extension
Hull-based commercial law firm Hallmark Solicitors (0800-037-1305) has expanded its business legal services offering to…
Insolvency Overview – Issue 8 | February 2022
Kireeva vs. Bedzhamov [2022] EWCA Civil 35 Where a court recognizes a foreign bankruptcy order…
Can I trigger an unfair preference claim? – Insolvency/Bankruptcy/Restructuring
Australia: Can I trigger an unfair preference claim? February 23, 2022 Cathro…
TGIF – High Court takes broad approach to power of review – Insolvency/Bankruptcy/Restructuring
This week’s TGIF examines the recent High Court decision in Walton v ACN 004 410…
The insolvency of the personal guarantor is independent of the insolvency resolution process of the debtor company
Facts The State Bank of India Stressed Asset Management Branch (SBI) has filed a petition…
R3 Responds to January 2022 Insolvency Statistics
Eleanor Temple, chair of commercial insolvency and restructuring body R3 in Yorkshire Business bankruptcies rose…
Update: Expansion of the Jersey Insolvency Toolkit – Insolvency/Bankruptcy/Restructuring
Jersey: Update: Expansion of Jersey Insolvency Toolkit To print this…
Substantive Opinions on Consolidation and Non-Consolidation – Insolvency/Bankruptcy/Restructuring
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Addleshaws is hiring in Paris for the launch of its insolvency practice
Addleshaw Goddard set up a struggling business law firm in its Paris office, hiring a…
Adjudication of Third Party “Claims” by NCLT – Insolvency/Bankruptcy/Restructuring
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Corporate insolvency and rate liability
Liability for business rates is complex, and the question of who is liable if occupants…
Turkey, Financial Structuring of Large Scale Loans – Insolvency/Bankruptcy/Restructuring
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Derby County: EFL reject club’s attempts to use insolvency laws to settle certain debts
Derby County are currently seven points from safety after being deducted 21 pointsThe EFL says…
Insolvency Australia announces new director
Gareth Gammon, former chief operating officer at Jirsch Sutherland, has assumed the role of new…
Dozens of Newcastle stores file for insolvency as impact of pandemic hits city hard
The coronavirus has had a huge impact on the retail sector, with closures and restrictions…
Bring an SOP for cross-border insolvency, according to an economic study
NEW DELHI: As part of insolvency reforms, the Economic Survey 2021-22 suggested several steps to…
Insolvency and bankruptcy code: the IBC leads to behavioral changes in debtor companies: economic survey
The Insolvency and Bankruptcy Code (IBC) has led to behavioral changes among corporate debtors, with…
Reform of Spanish insolvency law
At the end of 2021, the Spanish government approved a draft reform of Spanish insolvency…
Corporate Restructuring Review | Flight. 21 No. 1 | January–February 2022 – Insolvency/Bankruptcy/Restructuring
In this problem: The year of bankruptcy: 2021 A brief chronicle of the year’s notable…
Insolvency Overview – Issue 7 | January 2022
Legislation the Rating (Coronavirus) and Disqualification of Directors (Dissolved Companies) Act 2021 received Royal Assent…
WEPPA Changes in Effect: Some Welcome Changes – Insolvency/Bankruptcy/Restructuring
On November 20, 2021, long-awaited changes to the Wage Earner Protection Program (“PPP”) came into…
Insolvency warning as industry faces mounting challenges | News
More than 340 architectural and engineering firms have gone bankrupt since the start of the…
Sale of basilica, money from Chase the Ace could be included in archdiocese insolvency
The iconic Basilica of St. John the Baptist could be sold as the Roman Catholic…
Crystal Cruises suspends operations due to Genting HK insolvency
Crystal Cruises ocean cruise ships suspend operations until April 2022 (Crystal) Posted on January 19,…
A Trustee’s First Duty: Maximizing the Value of an Insolvency Case | King and Spalding
The primary duty of a trustee in bankruptcy is to maximize the value of the…
Genting Hong Kong could file for insolvency as funding dries up
Genting Hong Kong may file for temporary liquidation on Tuesday (January 18) after it was…
PRC Court Issues First Recognition Order Under New Hong Kong-PRC Insolvency Scheme | Hogan Lovells
In a landmark decision, the Shenzhen Intermediate People’s Court (Shenzhen Court) ordered the formal recognition…
PRC court issues first recognition order under new Hong Kong insolvency agreement – PRC
In a landmark ruling, the Shenzhen Intermediate People’s Court (Shenzhen Court) ordered the formal recognition…
Modified Universalism: An Analysis of the Jersey Royal Court Decision – Insolvency/Bankruptcy/Restructuring
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Credit Strategy – News in Recovery, Restructuring and Insolvency (TRI)
In an announcement that could affect more than 4,000 holidaymakers, Truly Holdings – owner of…
Thomas Cook bosses cleared after two-year investigation into insolvency service collapse | Economic news
The former directors of Thomas Cook, one of Britain’s biggest travel companies, are to be…
Cayman Insolvency & Restructuring: A Review Of 2021 – Insolvency / Bankruptcy / Restructuring
Cayman Islands: Cayman Insolvency and Restructuring: A 2021 Review January 10, 2022 Campbell To print…
Bankruptcy, Insolvency and Rehabilitation Proceedings in Mexico (Update) | International network of lawyers
KEY FACTS OF BANKRUPTCY, INSOLVENCY AND REHABILITATION PROCEEDINGS IN MEXICAN LAW – Preface – On…
Interaction between the IBC and the Admiralty
In a landmark judgment, the Bombay High Court ruled that a shipping company that goes…
Thank you to our MB Insolvency Sponsors!
TUAFC is grateful for the support received season after season by the sponsors and today…
NCLAT Cancels Twin Star Plan and Allows New Round of Bidding
The National Company Law Appeals Tribunal on Wednesday cleared the creditors committee of Videocon Industries…
Application of the insolvency code to the electricity distribution sector
Recently, the Union Energy Ministry claimed that state-owned electricity distribution companies (discoms) fall under the…
Top UK insolvency litigation to watch in 2022
By Joanne Faulkner (Jan 1, 2022, 10:02 p.m. GMT) – The growing popularity of the…
Restructuring and insolvency of struggling businesses in Japan during COVID-19
Introduction Since the start of the COVID-19 pandemic, as in many other countries around the…
The ambiguity over the jurisdiction of NCLT and DRT under IBC – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. The problem of non-performing assets…
Government seeks comments on proposed changes to insolvency law
The government on Thursday invited comments on various proposed amendments to the insolvency law, including…
Insolvency Department appoints two new directors
The Insolvency Department has announced the appointment of two new directors to its Official Receiver…
Monthly Update on Restructuring and Insolvency | December 2021 – Insolvency / Bankruptcy / Restructuring
India: Monthly Update on Restructuring and Insolvency | december 2021 23 December 2021 HSA lawyers…
Insolvency – Bermuda: Law and Practice – Insolvency / Bankruptcy / Restructuring
1. STATE OF THE MARKET IN RESTRUCTURING 1.1 Market trends and changes Bermuda’s restructuring market…
Cross-Border Insolvency and Dispute Resolution Keepwell: Nuoxi Capital Ltd v Peking University Founder Group Co Ltd
In Nuoxi Capital Ltd v Founding Group of Peking University Co Ltd [2021] HKCFI 3817,…
Cayman Court rules on insolvency test for receivership of separate SPC portfolio
The Grand Court of the Cayman Islands recently upheld the appropriate insolvency test to be…
Insolvency Department Gets Power to Prohibit Debt Escrow Administrators
The Insolvency Department can now investigate and disqualify directors who dissolve their own businesses in…
TGIF – When Can Liquidators Use Partnership Assets to Satisfy Creditors’ Claims? – Insolvency / Bankruptcy / Restructuring
Australia: TGIF – When Can Liquidators Use Partnership Assets to Satisfy Creditors’ Claims? December 16,…
Arbitration and insolvency – a battle of priorities
Insolvency-related claims relating to contracts subject to arbitration agreements continue to pose interesting challenges for…
Applicability of Insolvency Laws to Personal Guarantors
INTRODUCTION Apex Court on May 21, 2021 at Lalit Kumar Jain V. Union of India…
Limitation of the powers of the National Company Law Court – Insolvency and Bankruptcy Code, 2016
introduction National Tribunal for Company Law (“NCLT”) was introduced in the Companies Act 1956 in…
Liquidators and long-term contracts: the importance of court approval – Insolvency / Bankruptcy / Restructuring
Australia: Liquidators and long-term contracts: the importance of court approval December 09, 2021 Corrs Chambers…
CHINA EVERGRANDE GROUP – Insolvency claim against real estate conglomerate ready – International creditor and DMSA also seek joint venture partners to file insolvency claim | national news
Chinese real estate developer China Evergrande Group again defaulted on overdue interest payments on December…
Srei creditors can initiate joint insolvency proceedings
A consolidated insolvency proceeding or group insolvency, if accepted by the NCLT, may generate more…
NCLT admits RBI’s plea in insolvency proceedings against Reliance Capital
The National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank’s plea to initiate…
Start of insolvency proceedings against Reliance Capital; RBI file application – ThePrint
Text size: A- A + New Delhi [India], Dec. 3 (ANI): On Thursday, the Reserve…
RBI Opens Insolvency Proceedings Against Reliance Cap at NCLT, Mumbai
The Reserve Bank of India on Thursday filed an application to initiate insolvency proceedings against…
How can insolvency affect pending arbitration proceedings?
Keith Tully, Partner at Real Business Rescue, shares his knowledge of the ripple effect of…
When Zero Hour Strikes: The Insolvency and Bankruptcy Code as an Exit Mechanism – Insolvency / Bankruptcy / Restructuring
The Insolvency and Bankruptcy Code of 2016 (“Code”) brought about a magnanimous change in the…
The insolvency of Reliance Capital and the domino effect on its subsidiaries
Lenders have already tried to finalize a resolution plan for two large non-bank lenders under…
Webinar: Actions of Insolvency Liquidators Against Banks, A Comparison of the US, England, Canada and Switzerland – Insolvency / Bankruptcy / Restructuring
Switzerland: Webinar: Actions of insolvency liquidators against banks, a comparison between the United States, England,…
More time allowed for the insolvency process of Vasan Health Care Ltd.
The National Company Law Appeals Tribunal (NCLAT), Chennai, allowed an appeal filed by the creditors…
Before Richard Ludwig’s business went bankrupt, he and his pre-insolvency advisers smuggled over $ 740,000 out of the business.
A Gold Coast businessman is in custody awaiting conviction after following a plan to illegally…
Srei creditors may consider joint insolvency proceedings
Consolidated insolvency proceedings may generate more interest among potential bidders than sole proprietorships A staff…
Business News | Stock market and stock market news | Financial news
Search for quotes, news, net asset values of mutual funds A 97 (Paytm) INE982J01020, PAYTM,…
Portugal changes insolvency path with recovery plan
Since March 2020, the Covid-19 pandemic has led to the taking of several political decisions…
The insolvency practitioner does not need to request the CNP from the tax service during the voluntary liquidation process: IBBI
The IBBI said an insolvency practitioner responsible for the voluntary liquidation process does not have…
Arbitration Can Rarely Be Enforced In Insolvency | Comment
The Court of Appeal upheld the judgment of Justice Fraser in John Doyle Ltd (in…
The Corporate Insolvency & Governance Act 2020 – Insolvency / Bankruptcy / Restructuring
UK: Insolvency and Corporate Governance Act 2020 08 November 2021 Blaser Mills To print this…
Is this the end of insolvency auctions?
Peter Clyde is General Counsel in the Construction and Engineering Litigation team at Addleshaw Goddard…
Gully Howard Commercial Realtors Unaffected
Isle of Wight real estate company Gully Howard Limited, which has been in business since…
TGIF – Change of hat: the receiver becomes liquidator despite the shareholders’ dispute – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. This week’s TGIF considers Regarding…
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…
Legal changes made to attract insolvency work
(CNS): A number of changes are being made to the companies law that officials at…
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…
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…
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…