At a glance: the liquidation and reorganization processes in the British Virgin Islands
Types of liquidation and reorganization processesVoluntary liquidationsWhat are the conditions for a debtor to initiate…
In short: the liquidation and reorganization processes in Luxembourg
Types of liquidation and reorganization processesVoluntary liquidationsWhat are the conditions for a debtor to initiate…
Spicejet liquidation: Madras HC gives Spicejet two weeks to pay $ 5 million in dues
The Madras High Court on Monday ordered the liquidation of SpiceJet for non-payment of $…
The personal assets of guarantors cannot be transferred during the CIRP of a debtor company without initiating a separate procedure – NCLAT – Finance and Banking
India: Personal property of guarantors cannot be transferred during the CIRP of a debtor company…
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…
OCSLA Amendments Set the Stage for Carbon Sequestration in Offshore Federal Waters
The Infrastructure Investment and Employment Act (the “Act”), which was signed into law on November…
Derby County and the threat of liquidation – The Athletic
In just over two months since Carl Jackson and Andrew Hosking were appointed joint directors,…
The liquidation of Pâtisserie Valerie obtains its agreement despite the errors
By Silvia Martelli (December 3, 2021, 19:15 GMT) – A judge said on Friday that…
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Limetree refinery’s failed bidder calls winning bid a “backdoor liquidation”
Limetree Bay Oil Refinery facilities are seen in St Croix, US Virgin Islands on June…
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…
Construction company in liquidation | News from the stars
A Dunedin construction company that only operated for 12 months has been put into liquidation…
Rebuild better green provisions subject to fiscal sequestration
The Build Back Better Reconciliation Bill (HR 5376) passed the House earlier this month calls…
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,…
Post-Claim California Private Retirement Plan to Protect Non-Exempt Debtor Assets Deemed Gluck Sham
A retirement plan is for retirement, not for asset protection Getty I first wrote about…
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…
Liquidation process: IBBI modifies the filing format of the list of stakeholders
The insolvency regulator IBBI has changed the format for filing the list of stakeholders in…
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…
Warning for the South-West as the number of companies going into voluntary liquidation doubles during the year
The number of companies choosing to go into liquidation in the Southwest is increasing as…
NCLT cannot give a debtor business time to repay its debt once it is satisfied that the default has occurred and the debt is owed – NCLAT – Corporate / Commercial Law
India: NCLT cannot give a debtor business time to repay its debt once it is…
Oswaldtwistle: Black Dog advertising company goes into liquidation
The company that runs a popular East Lancashire pub has been put into liquidation after…
Oswaldtwistle: the Black Dog pub goes into liquidation
A popular East Lancashire pub has been put into liquidation after facing a few ‘tough’…
Alpha Latam Management, LLC and its debtor subsidiaries receive US Bankruptcy Court approval for sale of Colombian assets to CFG Partners Colombia SAS
MIAMI, November 19, 2021 / PRNewswire / – Alpha Latam Management, LLC and certain of…
Srei creditors may consider joint insolvency proceedings
Consolidated insolvency proceedings may generate more interest among potential bidders than sole proprietorships A staff…
Creditors Committee Says Maximizing Debtor’s Asset Value Is Supreme
The commercial wisdom of the Creditors Committee under the Insolvency and Bankruptcy Code enjoys full…
Certificate of no objection from the IT department not required for voluntary liquidation: IBBI
Insolvency regulator IBBI has clarified that an Insolvency Professional (IP) managing the voluntary liquidation process…
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…
Carillion: the High Court clarifies the scope of the legal stay in liquidation
In FCA vs. Carillion [2021] EWCH 2871 (Ch), the High Court confirmed that the enforcement…
NCLT orders liquidation of Nakshatra Brands, owned by Mehul Choksi
A Mumbai court has ordered the liquidation of Nakshatra Brands, owned by fugitive diamond trader…
Arbitration Can Rarely Be Enforced In Insolvency | Comment
The Court of Appeal upheld the judgment of Justice Fraser in John Doyle Ltd (in…
Can I hold a debtor’s bank account hostage? – Insolvency / Bankruptcy / Restructuring
United States: Can I hold a debtor’s bank account hostage? November 12, 2021 Ward and…
Can I hold a debtor’s bank account hostage? | Ward and Smith, Pennsylvania
For creditors dealing with debtors in the shadow of bankruptcy, a common scenario repeats itself.…
New Bill Would End “Two Stages of Texas” and Eliminate Chapter 11 Non-Debtors Discharges | Dechert srl
Strong points The Nondebtor Release Prohibition Act was submitted to the House for a full…
Can I hold a debtor’s bank account hostage?
November 10, 2021 For creditors dealing with debtors in the shadow of bankruptcy, a common…
A director cannot recreate history – Re Bronia Buchanan Associates Ltd (in liquidation)
introduction In Re Bronia, ICC Judge Burton had to consider whether a director could retrospectively…
The Corporate Insolvency & Governance Act 2020 – Insolvency / Bankruptcy / Restructuring
UK: Insolvency and Corporate Governance Act 2020 08 November 2021 Blaser Mills To print this…
Weyerhaeuser CEO discusses logging company’s efforts to grow its carbon sequestration business – Oakland News Now
https://www.youtube.com/watch?v=-YerSA_qYFk Oakland News Now – Weyerhaeuser CEO discusses forestry company’s efforts to grow its carbon…
Is this the end of insolvency auctions?
Peter Clyde is General Counsel in the Construction and Engineering Litigation team at Addleshaw Goddard…
Do debtors manage to dance? How Debtor Companies Like Johnson & Johnson Begin The Texas Two Step And How Creditors Can Intervene
Fraudulent transfers and actions to avoid them are second nature to lawyers for debtors and…
High Court: Insolvency deal denied after PIP failed to properly verify debtor’s income
The High Court dismissed an appeal for a personal insolvency agreement (PIA) after it was…
Gully Howard Commercial Realtors Unaffected
Isle of Wight real estate company Gully Howard Limited, which has been in business since…
MedMen responds to debtor ‘defamation’ accusations
By Sarah Jarvis (November 3, 2021, 9:36 p.m. EDT) – MedMen argued this week that…
MedMen responds to debtor’s ‘defamation’ accusations
By Sarah Jarvis (November 3, 2021, 9:36 p.m. EDT) – MedMen argued this week that…
Possession of a Debtor’s Property After a Bankruptcy Declaration May or Not … Be a Stay Breach | Nelson Mullins Riley & Scarborough LLP
A person in possession of a debtor’s property while filing for bankruptcy now has more…
Sixth Circuit Upholds Chapter 13 Debtor’s Right to Request and Obtain Dismissal of Bankruptcy Case | Favor Swift Collins & Smith
A law must be interpreted and applied as it is written, regardless, according to the…
Plot twist: many FCA / PRA opinions are ultimately not subject to suspension of liquidation
The FCA and PRA must have heaved a sigh of relief last week when news…
Who Benefits from the Increase in Home Value in a Chapter 13 – Debtor or Estate?
In a Chapter 13 case, which typically lasts 3 to 5 years while a debtor…
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…
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…
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…
Gordon Brothers to Lead Ranger Energy Services’ Liquidation of Former Basic Energy Services Assets
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…
Videocon insolvency: NCLAT moved over confidentiality breach issue
The Bank of Maharashtra (BoM) raised the issue of breach of confidentiality in Videocon Industries’…
After the implementation of the European restructuring directive, is France still in favor of debtors? – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. On September 15, 2021, a…
Bank of Maharashtra raises issue of breach of confidentiality in Videocon insolvency process
New Delhi: Bank of Maharashtra, a dissatisfied creditor of the Videocon group, on Friday raised…
Videocon insolvency proceedings: BoM raises the issue of breach of confidentiality
Bank of Maharashtra, a dissatisfied creditor of the Videocon group, on Friday raised the issue…
Kikki.K gets last minute stay of liquidation
Creditors met to vote on the recommendation on Thursday, but the meeting was adjourned for…
Liquidation and Prior Transactions in the Cayman Islands – Commentary
introductionAutomatically canceled transactionsPotentially voidable transactionsObligation to contributeintroductionWhen a Cayman Islands company (Cayman Company) goes into…
Bankruptcy Debtor Trumps SBA in Arizona District PPP Loan Dispute – Insolvency / Bankruptcy / Restructuring
The Paycheck Protection Program (“PPP”) was a forgivable loan program administered by the US Small…
Bankruptcy Debtor Trumps SBA in Arizona District P3 Loan Dispute | Snell & Wilmer
The Paycheck Protection Program (“PPP”) was a forgivable loan program administered by the US Small…
UK government braces for end of temporary insolvency measures
The government introduced the Insolvency and Corporate Governance Act 2020 (CIGA) in June 2020, prohibiting…
Are you worried about insolvency? Bite the CVL bullet, and stop putting the good money after the bad
We are seeing an increase in CVLs related to the IR35 reform and frankly, how…
Bankrupt Debtor Trumps SBA in Arizona District PPP Loan Dispute
The Paycheck Protection Program (“PPP”) was a forgivable loan program administered by the US Small…
Insolvency of Videocon: Twin Star Tech opposes a new offer
In its resolution plan, Twin Star offered to pay Rs 2,962.02 crore on the admitted…
Steinhoff pushes back liquidation in South Africa
Business Day reporter Katharine Child says the case is tricky because Steinhoff is a multinational…
Manage parallel insolvency proceedings in different jurisdictions?
When creditors try to collect debt from a troubled business in different jurisdictions, they incur…
The businessman’s new company registered the day after the liquidation will be examined
THINGRajesh Luthra and his wife Tripta Tripta recently moved into a new home in Rolleston.August…