This coronavirus omnibus bill has made some sweeping changes to statutory demands, bankruptcy and insolvent trading.
The Government has implemented a number of measures to protect directors from Australia's harsh insolvent trading law.
The article alerts clients to substantial changes that have been made in the areas of personal and corporate insolvency.
Corrs Chambers Westgarth
This week's TGIF considers a recent application to the Federal Court by liquidators of the WDS Group for a pooling order.
On March 17, 2020, Ontario declared a state of emergency and ordered the closing of restaurants, movie theaters and concert venues, among other restrictions.
McCarthy Tétrault LLP
At the same time, the recent oil price shock has created significant challenges for businesses involved in the oil & gas industry, including both producers and service companies.
The global COVID-19 pandemic, coupled with an ill-timed crude oil price war between Saudi Arabia and Russia, has in a matter of mere weeks materially disrupted the global marketplace.
Aird & Berlis LLP
On March 6, 2020, the Ontario Court of Appeal (the "OCA") released its decision in Royal Bank of Canada v. Bodanis ("Bodanis"),...
January 2020 saw the States of Guernsey pass the Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (Ordinance)...
Singh & Associates
The Hon'ble National Company Law Appellate Tribunal in Flat Buyers Association Winter Hills-77, Gurgaon vs Umang Realtech Private Limited through IRP & Ors [CA(AT)(Insolvency) No. 926 of 2019] introduced the concept of ...
Dhir & Dhir Associates
As per Section 9 of Insolvency and Bankruptcy Code, 2016 ('IBC'/ 'the Code'), an operational creditor can file an application for initiation of the Corporate Insolvency Resolution Process ('CIRP').
LexCounsel Law Offices
The medium to long term financial effects of Coronavirus are yet to unfold, but the magnitude is already anticipated to be huge.
Assegaf Hamzah & Partners
Following the disappointing decision by the Constitutional Court (click here to read our update on this topic), secured creditors suffer another setback as a result of a decree1 issued by the Chairman of the Supreme Court.
Wynn Williams Lawyers
These measures may assist NZ businesses and individuals, in financial distress because of COVID-19, avoid liquidation.
Wynn Williams Lawyers
The spread of COVID-19 and government measures in response means an economic downturn and increasing business failures.
Shepherd and Wedderburn LLP
Each day brings fresh challenges as a consequence of the COVID-19 pandemic, giving rise to understandable anxiety among businesses and wider society.
Akin Gump Strauss Hauer & Feld LLP
Akin Gump lawyers who advised the Ad Hoc Group of holders of Weatherford's $7.4 billion unsecured notes explain how the restructuring was agreed and implemented using three parallel in-court procedures
Seyfarth Shaw LLP
As OEMs confront the impact of the COVID-19 pandemic on an already changing automotive industry, one significant issue will be the inevitable financial challenges that many dealers will face.
Shearman & Sterling LLP
The oil price plunge starting on March 6 seems like a sucker-punch to the oil and gas industry after the price decreases and market unrest as a result of COVID-19.
Ward and Smith, P.A.
On February 19, 2020, the Small Business Reorganization Act of 2019 (SBRA) took effect.