Mondaq All Regions: Insolvency/Bankruptcy/Re-structuring
Corrs Chambers Westgarth
When a liquidator is appointed to an insolvent corporate trustee, the liquidator should seek appointment as a receiver.
Link Legal India Law Services
The Insolvency & Bankruptcy Code 2016 was enacted with a view to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, limited liability partnerships, ...
King, Stubb & Kasiva
The Tribunal further observed that the existence of dispute must be pre-existing i.e. it must exist before the receipt of the demand notice or invoice.
King, Stubb & Kasiva
Though these judgments were in respect of settlement but the question was of applicability of NCLT rules in insolvency proceedings.
Vaish Associates Advocates
This would defeat the purpose of IBC and would also cause wrongful loses to all the creditors including Roxcel.
Tuli & Co
Given this judgment, corporate debtors will now need to be prompt in raising any disputes they have pertaining to claims made on them by Operational Creditors.
L&L Partners
Amendment in IBC qua MSME's: Ease, Endorse and ensure Expansion
Trilegal
The Insolvency and Bankruptcy Code (Amendment) Act, 2019 seeks to address critical gaps and inconsistencies in insolvency resolution timelines, payments received by operational creditors under
IndusLaw
On July 25, 2019, the IBBI notified amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the IBBI (Liquidation Process) Regulations, 2016.
Walkers
Many readers will have heard about the Z Trust litigation in Jersey, which has implications for trustees in the event that the trusts that they work with become insolvent.
Dentons
The UNCITRAL Model Law on Cross-Border Insolvency was built on a model of modified universalism.
BSA Ahmad Bin Hezeem & Associates LLP
Starting your own business is one of the most exciting decisions you can take. But it is imperative to follow fundamental rules and keep certain key considerations in mind to avoid facing financial issues that may lead to bankruptcy.
Sheppard Mullin Richter & Hampton
The United States Court of Appeals for the Seventh Circuit held that payments made by a debtor's customers to its lender converting a pre-petition loan to a post-petition loan constituted
Caplin & Drysdale
This case arises from Tribune's longstanding Chapter 11 bankruptcy that began in 2008
Moritt, Hock & Hamroff LLP
Lessors who repossess property immediately prior to a lessee bankruptcy filing may be required to return such property or face sanctions by the bankruptcy court.
Mintz
Transfers and transactions up to ten years old may be scrutinized, unwound and recovered by a trustee, the bankruptcy court sitting in Massachusetts recently
Duane Morris LLP
Recently, the U.S. District Court for the Central District of California (sitting as an appellate court) reversed the lower bankruptcy court's order disallowing the portion of a lender's
Mayer Brown
Pacific Gas and Electric Company's Chapter 11 filing earlier this year has highlighted an issue that is well settled but sometimes overlooked:
Gibson, Dunn & Crutcher
A Delaware bankruptcy court has held that a special committee's advisors cannot withhold privileged documents from a liquidation trustee appointed pursuant to a chapter 11 plan.
Moritt, Hock & Hamroff LLP
"An investment in knowledge always pays the best interest." Benjamin Franklin, The Way to Wealth: Ben Franklin on Money and Success (1758).
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VGC Law Firm
The default referred to herein above is in respect of a financial debt owed to any financial creditor.
Morrison & Foerster LLP
The Supreme Court's recent decision in Mission Product Holdings, Inc., v. Tempnology, LLC [1] clarifies that a debtor-licensor's rejection of a trademark license under § 365(a) ...
VGC Law Firm
The same have been briefly discussed in the present article.
Gibson, Dunn & Crutcher
After a significant wave in 2015 and 2016, bankruptcy filings in the exploration and production ("E&P") sector of the oil and gas industry temporarily leveled off.
Dhaval Vussonji & Associates
In contrast, the definition of operational debt is exhaustive in nature to mean inter alia a claim in respect of the provision of goods or services including employment.
Cyril Amarchand Mangaldas
The Insolvency and Bankruptcy Code, 2016 (IBC) has been widely considered a landmark legislation that has brought about a paradigm shift in the recovery and resolution process.
AMLEGALS
The amount of any liability in respect of any of the guarantee or indemnity for any of the items referred to in sub-clauses (a) to (h) of this clause.
Trilegal
The Insolvency and Bankruptcy Code (Amendment) Act, 2019 seeks to address critical gaps and inconsistencies in insolvency resolution timelines, payments received by operational creditors under
Dhaval Vussonji & Associates
In our earlier article titled, "Homebuyers now Financial Creditors: Too many cooks spoil the resolution process?", we analysed the impact of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, ...
IndusLaw
The Specific Relief (Amendment) Act, 2018 (the "Amendment Act") amending the provisions of the Specific Relief Act, 1963 (the "Act") came into force on August 1, 2018.
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