Government announces most significant reform to corporate insolvency landscape for 16 years – Bdaily

Liquidation

Commenting on the announcement from the Department for Business, Energy, and Industrial Strategy on corporate governance and corporate insolvency framework reform proposals, William Ballmann, Yorkshire council member for R3 and consultant at Gateley plc in Leeds, says: R3 welcomes the governments long-awaited announcement that it is moving forward with its corporate insolvency framework reform proposals,…

BioAmber Provides Update on Liquidation Process & Announces Resignations of Board Members and Officers – PR Newswire (press release)

Liquidation

MONTREAL, Aug. 31, 2018 /PRNewswire/ – BioAmber Inc. (the “Company”)  (OTCPK: BIOAQ) announces that following a Court order issued on August 28th, 2018, the stay period ordered by the Court in connection with its restructuring process under the terms of the Companies’ Creditors Arrangement Act has been extended until September 18th, 2018, in order to give…

Stressed assets: Liquidation, sale on piecemeal basis not the right strategy – The Hindu BusinessLine

Liquidation

The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip and may be detrimental to the interest of various stakeholders as also lenders. The Insolvency and Bankruptcy Code, seeking to facilitate resolution plans guided by the National Company Law Tribunals,…

Inconsistency between IBC and regulations – Financial Express

Liquidation

The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. The enactment of the Insolvency and Bankruptcy Code (IBC) has created a paradigm shift in the regulatory framework and processes governing corporate insolvency. The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.With…