The arrangements in Israels Insolvency and Economic Rehabilitation Law, enacted in 2018, include a series of special characteristics that must be taken into account when engaging with an Israeli corporation. The relatively new law incorporates various rulings from previous years, and the legal practice deriving from it is still evolving. Thus, some uncertainty still exists…
The High Court has approved personal insolvency arrangements (PIAs) that will allow a retired couple, one of whom requires the use of a wheelchair, to retain their Co Wexford home. In a judgement approving PIAs in respect of Edward and Nuala McCarthy, who are aged in their 70s, Mr Justice Alexander Owens said the couple…
The Insolvency Service has issued a warning to investors and its customers regarding a recent increase in fraudulent activity, including recovery room scams, and fraudsters impersonating genuine Insolvency Service employees, in the form of emails, phone calls and letters. Recovery room scams usually follow an investment scam, where victims have already lost money. Victims are…
Bedfordshire fresh-prep firm goes bust less than a year after its acquisition by Hull potato business Tuber Group Fresh produce processing firm MyFresh has gone into administration less than one year after its purchase by potato firm Tuber Group from the William Jackson Food Group. Conrad Alan Beighton and Dane OHara of Leonard Curtis Business…
May 31, 2023 Full house: Kyabram Plaza Theatre was full when Banksia Securities investors turned out in force a decade ago to be updated on the failed financial group. Photo by Neil Saunders Eleven years after the collapse of the Banksia Financial Group, receivers acting on behalf of investors in the failed Kyabram company are…
Two dioceses in the state of California have declared bankruptcy following an influx of claims filed against the Catholic church for alleged childhood sexual abuse. Over 3,000 cases have been filed after a state law allowed alleged victims to take legal action up to the age of 40. The 2019 legislation temporarily lifts the statute…
May 31, 2023 by Michael Maharrey 0 0 Despite all of the mainstream talk about a strong, resilient economy, corporate bankruptcies through the first four months of 2023 came in at the highest level since 2010. Meanwhile, monthly bankruptcy filings have hit numbers last seen during the peak of the pandemic. According to data from S&P Global Market…
May 31, 2023 Full house: Kyabram Plaza Theatre was full when Banksia Securities investors turned out in force a decade ago to be updated on the failed financial group. Photo by Neil Saunders Eleven years after the collapse of the Banksia Financial Group receivers acting on behalf of investors in the failed Kyabram company are…
New Delhi: The government is considering a proposal to allow unhindered registration of flats in completed projects even when the developer is undergoing insolvency resolution. It may also enable the National Company Law Tribunal (NCLT) to seek inputs from the relevant Real Estate Regulatory Authority (RERA), given the complexities of bankruptcy resolution in the housing…
The board of the CBI has drafted in lawyers to prepare for a prospective insolvency filing ahead of a crunch vote by thousands of its members next week. Sky News has learnt that the crisis-hit business lobby group has hired an unnamed City law firm to provide advice on directors’ duties under company law. City sources said…