Confidentiality, secrecy and privilege are not unfamiliar topics to lawyers, yet the three themes have never been comprehensively explored in the field of insolvency. In our latest book, Confidentiality, Secrecy and Privilege in Corporate Insolvency and Bank Resolution (The Hague, Eleven International Publishing, 2020), we closely studied these three themes. We chose systematic research from…
Newcastle robotics firm Wootzano has resumed trading after the Court of Session in Edinburgh halted liquidation proceedings in. It followed the confirmation of approximately Β£237 million in contracted distribution agreements in a report submitted to the court. The court granted a βsistβ β a Scottish legal mechanism that pauses the liquidation process and allows a…
Berlin-based music tech company Native Instruments has been acquired by inMusic after entering insolvency proceedings earlier this year. It follows a period of uncertainty for the music company, who revealed in January that they would have to sell off “various assets” in order to “secure a healthy, financially sustainable future.” After entering full insolvency proceedings…
The COVID-19 pandemic is a human health emergency with profound and wide-ranging economic impacts. Like many economic crises before it, the current recession has caused a marked decline in business activity, interruptions to global value chains, increased unemployment, credit squeezes, and rising government debt levels. It has also caused a liquidity shortfall for both businesses…
πππ πππππππππππππ πππ ππππ ππ πππ ππππππ πππππ πππππππππ πππππππππππ, πππππ ππππππ ππππππ, πππ π πππ ππππππππππππ ππ πππ ππππ π ππππππππ India hosts one of the largest Global Capability Centre ecosystems in the world. Most conversations focus on setting up GCCs, scaling teams, expanding capability, and adding new global functions. But closure, restructuring, sale, merger, and…
Brendan Gilesβs articles from Worrells are most popular: with readers working within the Healthcare industries Worrells are most popular: within Energy and Natural Resources and Accounting and Audit topic(s) with Inhouse Counsel in Australia AND WHEN WILL THE VOLUME RETURN? It’s a question the insolvency industry has been asking…
The firm’s founder said that “the time was right” to close the ventures and that all suppliers have been paid in full. Restaurant founder places company into liquidation. (Image: Getty Images) Michele Civiera, of Civerinos, told The Herald one liquidation relates to a creative agency called Hot Slice Studio and another called 50 MC, which…
Released 28 January 2022 Next release 28 April 2022 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries David Webster (author) [email protected] Kate Palmer (responsible statistician) 1. Main messages for England and Wales 1.1 Annual 2021 One in 304 active companies (at a rate of 32.9 per 10,000 active companies) entered liquidation in 2021.…
Baa-d boss: Shearer fleeces workers of at least $800,000 Herald Sun Read the original article here
How Would the Insolvency Domino Effect Affect Your Business? Allianz Trade Read the original article here