Extension of Restrictions on Statutory Demands, Winding Up and Suspension of Liability for Wrongful Trading to 30 June 2021 – JD Supra

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On Wednesday 24 March, the government confirmed that it will be extending the current temporary restrictions on statutory demands and winding-up petitions and the temporary suspension of directors liability for wrongful trading put in place under the Corporate Insolvency and Governance Act 2020, until 30 June 2021. The extensions, set out in the Corporate Insolvency…

Normalcy restored for resolution of stress under IBC: IBBIs M S Sahoo – Business Standard

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IBBI Chairperson M S Sahoo on Thursday said “normalcy” has been restored with respect to resolution of stress under the insolvency law, with the expiry of suspension of fresh proceedings. TopicsM S Sahoo|IBBI|Insolvency and Bankruptcy Code IBBI Chairperson M S Sahoo on Thursday said “normalcy” has been restored with respect to resolution of stress under…

UK Government extends business support measures – Mirage News

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Insolvency measures supporting businesses during the pandemic and helping them recover, are set to be extended till the end of June 2021. The measures were introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and removing personal liability on company directors, and have been previously extended…

Ex-Wallaby George Gregan’s hospitality group falls into administration – Inside Retail

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The hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into administration, largely driven by theend of JobKeeperand leasing protections. Following the appointment of SV Partners director Ian Purchas as administrator late on Friday, GG Leasing closed two of its nine outlets and reduced the number…

Tasmania has legalised voluntary assisted dying. What happens now and how will it work? – ABC News

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Tasmania has passed voluntary assisted dying (VAD) legislation, making it the third jurisdiction in Australia to do so, after Victoria and Western Australia. Ceara Rickard, who has been given a terminal diagnosis of metastatic breast cancer,is relieved it will now be legal to end her life in the late stages of her illness. “I don’t…

Understanding the test of corporate insolvency under the Companies Act – Malta Independent Online

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In the case Kenneth Xuereb v. Weber Construction Limited, decided on the 18 of March, 2021, the Civil Court (Commercial Section) (the Court) presided over by Hon. Judge Joseph Zammit McKeon, considered at length the two tests of insolvency arising in terms of the Maltese Companies Act, with particular reference to its English law equivalents.…

End of JobKeeper pushes George Gregan’s hospitality group GG Leasing into administration – SmartCompany.com.au

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The hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into administration, largely driven by the end of JobKeeper and leasing protections. Following the appointment of SV Partners director Ian Purchas as administrator late on Friday, GG Leasing closed two of its nine outlets and reduced…

IBC activity likely to see gradual rise after resumption, say experts – Business Standard

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Business Standard The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 TopicsInsolvency and Bankruptcy Code|Indian companies|Indian corporates After suspension of the corporate insolvency resolution process (CIRP) is lifted after March 24, Insolvency and Bankruptcy Code (IBC)-related activity is likely to go up. However, experts are…