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Insolvency
Insolvency/Bankruptcy
Australia
Kott Gunning
There is no retrospective relief for a company director's liability for insolvent trading, after the extension expires.
Bartier Perry
Australian law and our legal system have been incredibly progressive in facing the challenges of COVID-19.
Coleman Greig Lawyers
To recover outstanding debts, creditors can still enforce claims against companies or individuals through the courts.
KordaMentha
Directors must start planning now to avoid trading whilst insolvent when temporary relief ends on 31 December 2020.
Madgwicks
The first article of an eight-part series on dealing with unfair preferences provides an overview of the basics.
BRI Ferrier
You are invited to join our upcoming webinar on insolvency law reforms and the removal of the temporary "Safe Harbour".
Kott Gunning
The temporary protections do not alter a creditor's ability to seek and obtain a Court judgment for the payment of debts.
Bermuda
Conyers
The aviation industry has been severely impacted by the COVID-19 pandemic.
Canada
Crowe MacKay LLP
A few weeks ago, the French Citizen's Climate Convention proposed to introduce a weight penalty that would affect the heaviest vehicles
Borden Ladner Gervais LLP
This is part three of a series focusing on current M&A trends, opportunities and challenges.
Torys LLP
The Arrangement of Nemaska Lithium Inc. is the first reverse vesting order (RVO) to be granted under the Companies' Creditors Arrangement Act (CCAA) after a contested hearing.
Stikeman Elliott LLP
In response to the COVID-19 outbreak, Courts across Canada have weighed the seriousness of the situation and the importance of prioritizing the health and safety ...
Cayman Islands
Campbells
Restructuring & Insolvency Comparative Guide for the jurisdiction of Cayman Islands, check out our comparative guides section to compare across multiple countries
Conyers
The closest Chinese equivalent to the English idiom of ‘sticking one's head in the sand' is ‘covering one's ears to steal bells'.
Hong Kong
Timothy Loh
Directors of Hong Kong companies under cashflow pressure or financial distress should be aware that as their companies approach insolvency...
Conyers
A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People's Republic of China ('PRC')...
India
Phoenix Legal
In an important decision passed recently , the National Company Law Appellate Tribunal ("NCLAT") while endorsing the decision of National Company Law Tribunal, New Delhi Bench ("NCLT")...
Khaitan & Co
Recently, the Hon'ble National Company Law Appellate Tribunal has passed an order reiterating that once a resolution plan is approved by the Committee of Creditors (CoC)...
IndusLaw
With the current economic slowdown triggered by COVID-19, businesses now face an uphill battle to generate free cash flow to timely service their debts.
VGC Law Firm
Recently, the Appellate Authority (NCLAT) in the matter of Laxmi Pat Surana v. Union Bank of India & Ors. has held that an application under Insolvency and Bankruptcy Code, 2016 (‘I&B Code') is ...
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