Charting the way ahead for Insolvency and Bankruptcy Code – Vantage Asia

Dhananjay Kumar and Hamraj Singh suggest ways to speed up insolvency resolution The Insolvency and Bankruptcy Code, 2016 (IBC) emphasizes the importance of time-bound reorganization and resolution for distressed entities and it is touted as one of its defining features. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016…

China Relaxes Asset Restructuring Rules for Listed Firms – Caixin Global

Chinese regulators are moving to relax restrictions on merger and acquisition deals involving listed companies in a bid to allow them to improve businesses through asset restructuring amid slowing economic growth. The China Securities Regulatory Commission (CSRC) Thursday issued a draft revision of rules regarding listed companies asset restructuring to seek public comments until July…

Laseta Mushrooms and production company Champworld bankrupt – FreshPlaza.com

The mushroom sector has been under pressure for years. The latest victims of the competitive struggle are sales company Laseta Mushrooms and mushroom production company Champworld of Ad and Anja Peffer from Ammerzoden, the Netherlands. The court of Zutphen recently declared both companies bankrupt. Mr C.G. Klomp of Bierman Advocaten has been named the trustee…