Five takeaways for insolvency practitioners after – Maddocks

Bankruptcy

The Western Australia Court of Appeal has provided clarity concerning questions of insolvency practitioner independence following pre-administration services and whether those pre-administration services can disentitle insolvency practitioners to remuneration. ASIC appealed the first instance decision of Justice Martin in the Western Australian Supreme Court, Australian Securities and Investments Commission v Jones [2023] WASCA 130. This…

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Acutus Medical (AFIB) Announces Strategic Realignment of … – StreetInsider.com

Restructuring

Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), today announced a realignment of resources and corporate restructuring. Scott Huennekens, Chairman of Acutus, commented, Following an extensive strategic review by the Companys Board of Directors, we are taking the hard but necessary steps to streamline our operations. In light of the current financing environment and…

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Supreme Court Commences Hearing Of Pleas Challenging IBC Provisions On Personal Guarantor's Insolvency… – Live Law – Indian Legal News

Bankruptcy

The Supreme Court today (07.11.2023) commenced its hearings in a batch of petitions challenging the constitutionality of various provisions of the Insolvency and Bankruptcy Code (IBC) relating to Personal Guarantors Insolvency Resolution Process. The central contention raised by the petitioners challenging Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6), and 100 of the Code…

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PBOC to Provide Emergency Liquidity Support to Areas With Heavy … – Yicai Global

Debt Help

(Yicai) Nov. 8 — The Peoples Bank of China will provide emergency liquidity support to areas with heavy debt pressure when necessary to help local governments solve debt risks, according to the governor of Chinas central bank. The PBOC will cooperate with related government agencies and local governments to offer financial support for the stable…

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Warwick Constructions, Ultimate Kitchens & Bathrooms follow Dome … – The Australian Financial Review

Bankruptcy

Nov 8, 2023 5.50pm A builder and kitchen renovations company servicing Melbournes leafy inner-eastern suburbs have added to the growing list of construction insolvencies hitting boutique companies servicing wealthy clients. Builder Warwick Constructions went into administration in late October, followed four days later by fellow Hawthorn East-based renovations business Ultimate Kitchens & Bathrooms, when director…

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