Insolvency & Bankruptcy Code may help unlock Rs 25K crore NPAs: Report – Economic Times

NEW DELHI: Effective implementation of Insolvency and Bankruptcy Code can potentially release about Rs 25,000 crore capital over next 4-5 years currently locked in bad loans, according to a report. “If implemented successfully, the code will help India’s banking sector catch up with or even exceed the recovery rates of 32 per cent and average…

DLA Piper hires DibbsBarker partner – Australasian Lawyer

DLA Piper has appointed Restructuring partner Macaire Bromley, formerly a partner at DibbsBarker, in its Sydney office.  Prior to DibssBarker, Bromley worked in Allen & Overy’s global Banking (Restructuring) group in London and in Ashurst’s Financial Services (Insolvency & Restructuring) Group. Macaire is an accomplished practitioner with almost 20 years’ experience, and we’re delighted to welcome…