Mondaq All Regions: Insolvency/Bankruptcy/Re-structuring
Boga & Associates
To keep you up-to-date with the latest economic and financial developments, this bulletin prepared by our team provides information that may affect the operation of your business in Albania.
Cooper Grace Ward
An unpaid seller should immediately issue a notice of stoppage in transit, complying with relevant state legislation.
Corrs Chambers Westgarth
The Court considered the potential prejudice to creditors in extending the time for registration of security interests.
Liquidators are not exempt from the public's eye and this case has emphasised the broad nature of public examinations.
Colin Biggers & Paisley
This judge's reasoning regarding the liability of a liquidator might also apply to administrators and to receivers.
Pointon Partners
Creditors will soon have extra powers at their disposal in terms of their participation in external administrations.
KRYS Global
A British Virgin Islands court has sanctioned a liquidator's application for a blended fee remuneration, including a percentage of revenue from assets sold...
Stewart McKelvey
The Newfoundland and Labrador Court of Appeal recently confirmed that accounting/auditing firms may take on several mandates...
Andreas M. Mylonas & Co LLC
The global economic crisis could not but have extended to Cyprus, too, and financial transactions taking place in Cyprus. Liquidity being a severe problem, it is nowadays paramount for businesses...
Singh & Associates
Insolvency and Bankruptcy Code 2016 (I & B Code 2016) was published in the Gazette of India on 28th May 2016.
Desai & Diwanji
In the context of initiating insolvency resolution by an operational creditor against a corporate debtor under section 8 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), a corporate debtor can...
Nishith Desai Associates
Ordinance amends the Banking Regulation Act, 1949 empowers RBI to direct banks to resolve specific stressed assets and initiate Insolvency Resolution Process...
Chapman Tripp
These issues included compromise proposals, substitution of creditors, and vesting of property disclaimed by the OA.
Clyde & Co
Globalisation has been described as an evolving set of consequences – some good, some bad and some unintended. In this regard, when companies go global, insolvency is perhaps the furthest...
Jones Day
On March 10, 2017, Singapore's Parliament approved the Companies (Amendment) Bill 2017 (the "Act") to enhance the country's corporate debt restructuring framework.
Carlton Fields
Businesses and other organizations fail from time to time. That is a reality of our capitalist system.
Thompson Coburn LLP
A series of cases decided by the federal district court in Chicago holds that a properly perfected secured creditor can waive its right of priority in collateral in favor of a judgment lien creditor...
Moritt, Hock & Hamroff LLP
The power of bankruptcy courts to adjudicate Medicare provider agreements has been addressed by several circuit courts in recent years. Given the distressed nature of the health care industry...
Jones Day
On April 5 and June 8, 2017, the U.S. House of Representatives passed bills (the Financial Institution Bankruptcy Act of 2017 and the Financial CHOICE Act of 2017) that would allow financial institutions...
Pryor Cashman LLP
Under the American Rule, each party to a litigation is responsible for paying its own attorney fees, unless a statute or contract provides otherwise.
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The appointment of a provisional liquidator is not often pursued as the practical implications are draconian: directors lose the ability to control and manage the company's affairs.
BLC Robert
What systems of law are used within your jurisdiction and what are they used for (i.e. English law for project development, New York law for high yield issues)
Jones Day
In a highly anticipated decision—HPIP Gonzales Holdings, LLC v. Sabine Oil & Gas Corp—Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York affirmed 2016...
Holding Redlich
The consultation paper suggests that Government will crack down on phoenix activity and corporate restructuring rorts.
Wynn Williams Lawyers
The Government's Insolvency Working Group has this week issued its second report.
Pointon Partners
Creditors will soon have extra powers at their disposal in terms of their participation in external administrations.
Corrs Chambers Westgarth
The article looks at the FEG scheme cost blowout, what options are available and what approach might be most effective.
Colin Biggers & Paisley
Creditors of a company have been given broad new powers to remove the external administrator without the need for court.
Cooper Grace Ward
Competing claims to goods are common where there is an unpaid seller, external administration and a transport provider.
Clayton Utz
This decision clarifies the limitations of set-off in a liquidation scenario and a security interest under the PPSA.
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