LONDON Private sector creditors on Thursday laid out a toolkit they said would pave the way for poor countries side-swiped by the new coronavirus to get debt relief this year. The group has been working with the Washington-based Institute of International Finance (IIF) after the G20 economies called on the private sector to match their…
MUMBAI: Bombay high court has declared Ravikiran and Pujit Agrawal, the father-son duo of Orbit builders, insolvent. Justice S C Gupte passed the order on May 26 in an insolvency petition they filed last year, as debtors.Both, father and son, claimed to be indebted under a consent decree of June 2015 for Rs 56 crore…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 69 bankruptcies in week 21. This is 4 down on the previous week. In addition, 16 sole proprietorships were declared…
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Executive Summary New legislation will introduce permanent and temporary reforms to the UK restructuring and insolvency regime Permanent reforms: company moratoriums; restructuring plans; the prohibition of insolvency termination clauses in supply contracts Temporary reforms: suspension of the director wrongful trading offence; restriction on the service of statutory demands and winding up petitions Overview On 20…
The future of Aussie music festival FOMO is in serious doubt, with reports that the event has gone into liquidation and creditors owed millions of dollars. In an insolvency notice filed with the Australian Securities and Investments Commission (ASIC) on Tuesday, May 15, the festivals status was confirmed to be in liquidation. Notice is given…