Transforming debt restructuring in the Netherlands – International Tax Review

A thorough debt restructuring process awaits several Dutch companies As the economic downturn ensues, more companies are struggling to meet their financial obligations whilst lenders are seeking alternatives to secure their outstanding financial claims. In this article, the authors will reiterate some of the recent short-term Dutch tax measures to improve tax liquidity, which may…

China’s cash flow restrictions maintain triad influence in junket operations – Steve Vickers – Macau Business

While testifying for an NSW Independent Liquor and Gaming Authoritys probity inquiry into Australian gaming operator Crown Resorts, security expert Steve Vickers stated Chinese anti-gambling laws and limits on cash flows out of the country meant it was impossible to keep triads out of the junket industry. Australian authorities are currently carrying out a public…

Number of corporate insolvency resolution processes admitted by NCLT down 83% during Apr-June – Economic Times

The number of corporate insolvency resolution processes (CIRPs) admitted by the National Company Law Tribunal (NCLT) dropped by a massive 83% during the April-June quarter on a sequential basis. While 435 cases were admitted in the final quarter of the last fiscal, only 76 cases were admitted during the first quarter of the current fiscal,…

Australia’s Covid-19 Temporary Relief for Financially Distressed Companies – Shielding the Inevitable? – Who’s Who Legal

The Australian federal government, like many governments across the globe, has enacted temporary legislative changes to provide relief for businesses that have been impacted by the economic effects of the covid-19 pandemic. In order to facilitate continued business operations, the changes provide companies with breathing space to respond to demands from creditors for overdue debts…