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Insolvency
Australia
Corrs Chambers Westgarth
Solvency related issues could extend to suppliers and customers, and to the appointment of a voluntary administrator.
Canada
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.
McMillan LLP
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"),...
India
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.
Singh & Associates
I &B Code 2016 allows a creditor of a Company under Section 7 and 9 of IBC and the Company itself under Section 10 of IBC to file an application before the NCLT to initiate CIRP against the Corporate Debtor in case of default, ...
Singh & Associates
Insolvency and Bankruptcy Code, 2016 was enacted with the objective of maximization of value of assets, to promote entrepreneurship, availability of credit and balance of interests of all stakeholders.
Singh & Associates
In the Corporate Insolvency Resolution Process initiated under the I&B Code 2016, the claim is an important factor to be decided in the Resolution Plan for the Corporate Debtor.
New Zealand
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.
UK
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.
Shepherd and Wedderburn LLP
The recent collapse of Flybe has thrown a spotlight on the future of its 2,000-strong workforce, including its international employees who rely on the airline's...
Mayer Brown
The UK Government announced in this week's Budget that, in all insolvencies commencing on or after 1 December 2020, the UK tax authorities will move up the creditor hierarchy in English ...
United States
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.
Womble Bond Dickinson
Companies facing bankruptcy can still make smart moves
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