Impact of Brexit on restructuring and insolvency – Accountancy Age

On 26 June 2017, the Recast EU Insolvency Regulation (recast EIR) entered into force, replacing the EU Regulation on Insolvency proceedings (EIR), which had been in place since May 2002.   The new legislation set out new provisions for cross-border insolvencies. It broadened the scope of the original regulation to pre-insolvency proceedings and introduced a significant change in no…

Deutsche Bank almost finished restructuring Asian investment-banking business – HITC

Deutsche Bank has almost finished restructuring its Asian investment-banking business and plans to add bankers in the coming months, said regional head James McMurdo. Yes we did trim, but we trimmed where we thought we were less competitive, or where we thought the opportunity was not that significant and that has largely been completed, McMurdo,…

Aishwarya Telecom Ltd. – Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal – The Hindu BusinessLine

With reference to the subject cited, the board meeting of the Company for consideration of un-audited financial results and fixation of day, date, time and venue of the Annual General Meeting which was scheduled to be held on 14.08.2018 has been postponed in view of the National Company Law Tribunal, Hyderabad Bench vide Orders dated…

Vardhman Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Filing of Resolution plan with Tribunal – The Hindu BusinessLine

We wish to inform you that Vardhman Industries Limited which is under Corporate Insolvency Resolution Process invited Expression of Interest for the Submission of Resolution Plan as per the provision of Insolvency and Bankruptcy Code, 2016. In response to the Expression of Interest, JSW Steels Limited had submitted its Resolution Plan which has been unanimously…

Matagarup bridge builder York Civil halts operations and sheds staff – The Sydney Morning Herald

A creditors meeting, managed by Ferrier Hodgson Partners Martin Lewis and Tim Mableson,was arranged for August 16, 2018. The announcement impacts several of York’s infrastructure projects across the country but Mr Lewis said arrangements had been made with the respective joint venture partners to keep work going on the Matagarup pedestrian bridge and two other…