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Bartier Perry
A creditor has a right under the Insolvency Practice Schedule to request information from an external administrator.
Corrs Chambers Westgarth
The rent during administration is considered an expense "properly incurred" and ranks above ordinary unsecured debts.
Bennett & Philp Lawyers
Members will face similar duties to company directors, which includes hefty penalties and damages for insolvent trading.
McCullough Robertson
Australia has the third highest household debt levels in the OECD, first recession in 30 years and worst in a century.
Cooper Grace Ward
A 139ZQ notice can be a powerful tool for trustees in bankruptcy. They need to be taken seriously and acted on quickly.
Norton Rose Fulbright Australia
Insolvency law - limits of the COVID-19 interim measures & suggestions for deeper law reforms moving forward.
Corrs Chambers Westgarth
The company, wound up and deregistered, was reinstated to face claims by the Owners Corporation over alleged defects.
Corrs Chambers Westgarth
Discusses potential changes to the temporary insolvency laws designed for financially distressed businesses.
British Virgin Islands
Since the Court of Appeal's decision in Broad Idea International Ltd v. Convoy Collateral Ltd BVIHCMAP 2019/0026 ("Broad Idea (No 2)") was handed down on 29 May this year...
Carey Olsen
The relationship between arbitration clauses and winding up proceedings is a contentious issue in many jurisdictions and the debate shows no sign of abating.
Carey Olsen
Statutory demands in the British Virgin Islands have long been a useful option for creditors of defaulting companies.
Lindsay Kenney LLP
Canadian businesses are facing the largest economic disruption of our times from the outbreak of the novel coronavirus and the public health measures required to contain it.
Lindsay Kenney LLP
During these financially uncertain times, many businesses are faced with new debt and possible insolvency or even bankruptcy.
Davies Ward Phillips & Vineberg
Dans une décision unanime rendue le 20 juillet 2020, la Cour d'appel du Québec (la « CAQ ») met un terme à une controverse jurisprudentielle concernant la mise en œuvre au Québec du régime...
Cayman Islands
In recent years the Cayman Islands courts have become increasingly sympathetic to the needs of debtor companies looking to implement a viable restructuring plan.
A.G. Erotocritou LLC
The Covid-19 pandemic created an unprecedented situation for the lives and livelihoods of people from every socioeconomic background.
European Union
As the impact of the Covid-19 pandemic deepens and a prolonged "U" shaped recession looks increasingly more certain...
Collas Crill
Where a company borrows money or participates in a group financing, the lender's security package will frequently involve taking security over such company's Guernsey bank account.
S&R Associates
The Insolvency and Bankruptcy Code, 2016 (hereinafter "IBC") was hailed as a major reform in the insolvency landscape in India
Phoenix Legal
In the recent judgment of Ultra Tech Nathdwara Cement Ltd. v. Union of India and Ors. , the division bench of the Rajasthan High Court ("High Court"), laid much required emphasis on the amendments
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