Cryptocurrency and insolvency: 2018 the year in review | Knowledge | Norton Rose Fulbright | Burundi | Global law firm – Norton Rose Fulbright

Bankruptcy

Late 2017 will be remembered as the period in which everyday investors adopted cryptocurrency as an alternative investment class and rode the highs of Bitcoin at USD$20,000. In contrast, 2018 will be remembered as the year that cryptocurrency plunged and insolvency practitioners globally had to start considering how the asset class could be dealt with.…

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Australian Corporate Insolvency Reform: the PJC's Report Is in, So What Can We Expect Next? – K&L Gates

Liquidation

After a 10-month inquiry process, on 12 July 2023 the Parliamentary Joint Committee on Corporations and Financial Services (PJC) delivered its final report on the effectiveness of Australias corporate insolvency laws. In this alert, we distil some of the key findings from the almost 400-page report and consider what future law reforms might look like. …

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Australian corporate insolvency reform: What can we expect in 2023? – Norton Rose Fulbright

Liquidation

This article attributes to the entire Australian Restructuring team. Overview There has been a growing appetite for corporate insolvency law reform in Australia in the last 18 months. In 2021, public consultations were completed on improvements to creditors schemes of arrangement and the treatment of insolvent trusts, and there was an independent review of the…

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Instafreight files for insolvency but founder Ortwein hopes for restructure – theloadstar.com

Restructuring

Instafreight has filed for insolvency with a court in Germany but its founder remains confident that restructuring could see the business continue. Having filed at the Berlin-Charlottenburg bankruptcy court on Wednesday, it was reported that while its 3PL forwarding division had been temporarily discontinued, its 4PL transport management unit would operate as normal. Yesterday, The…

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Aged 'Genovese Capo' Convicted of Extorting Restaurateur for Gambling Debt – Casino.Org News

Gambling

Posted on: December 15, 2023, 01:16h.  Last updated on: December 15, 2023, 01:32h. An octogenarian alleged New York mobster has been convicted of extortion after shaking down a Manhattan restaurateur for a gambling debt. Anthony Rom Romanello attending a federal court hearing in Brooklyn earlier this month. The reputed Mobster, 86, faces up to 40…

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Dutch startup Pieter Pot declared bankrupt: All you need to know – Silicon Canals

Bankruptcy

Read this article in: Dutch startup Pieter Pot has officially declared bankruptcy, following the Rotterdam courts decision on Thursday, December 14. The announcement came after the court declined to grant Pieter Pot an additional week for an alternative rescue and financing plan, leaving Jouri Schoemaker (founder) in the dark about the precise reasons behind the…

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Insolvencies surged in November, confirming 2023 is set to be the worst year for corporate collapses since 2009 – City A.M.

Liquidation

Friday 15 December 2023 12:23 pm Business insolvencies have jumped in the month of November, according to the latest data from the UK Insolvency Service. Insolvencies surged in November, confirming that 2023 is set to be the worst year for corporate collapses since 2009, according to the latest data from the UK Insolvency Service today.…

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Corporate insolvencies up by 21% in November – Accountancy Today

Liquidation

The number of corporate insolvencies hit 2,466 in November, 21% higher than the prior year, meaning the number of total failures for 2023 now total over 23,000, according to new figures from The Insolvency Service. You’ll need to subscribe to unlock this content. Already subscribed? Login? Read the full article at: https://www.accountancytoday.co.uk/2023/12/15/corporate-insolvencies-up-by-21-in-november/

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