Restructuring and insolvency practice Business Rescue Expert (BRE) has bolstered its North West operation with the appointment of Gareth Hunt. Insolvency Practitioner Hunt has joined the firm’s Manchester office from RPG, where he was head of business recovery. He brings more than 20 years’ experience in the debt advisory and insolvency sector, handling corporate and…
Former Supreme Court Judge Justice Ashok Bhushan has demitted office as the Chairperson of the National Company Law Appellate Tribunal (NCLAT), bringing to an end a tenure of nearly five years during which the appellate tribunal delivered several landmark judgments under the Insolvency and Bankruptcy Code (IBC) and the Competition Act. Justice Bhushan assumed charge…
The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that the benefit of set-off under the IBBI (Liquidation Process) Regulations, 2016 is available only where the mutual dealings are between the same parties and cannot be invoked to adjust dues owed by other group companies. The bench of Judicial Member Justice R.N. Seshasayee,…
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Seven of Hobart’s best-known hospitality venues have closed their doors after the group operating them collapsed into voluntary administration. Iconic Tasmanian pubs and bars, including Republic Bar and Cargo Bar, are among those to immediately close while an urgent sale process is underway. Pub Banc Group and Hotel Banc Group have brought in administrators from…
Corporate loan delinquency rate is higher than household loans Due to high interest rates and sluggish domestic demand, self-employed insolvency spreads 사진 확대 As the number of small business owners closing their businesses increases, information on “rental inquiries” is hung throughout the local alley areas. Photo = MS TODAY DB Amid the prolonged economic downturn,…
The IBC-PMLA Conflict clarifies that insolvency proceedings cannot shield assets alleged to be proceeds of crime from attachment under the PMLA. IBC-PMLA Conflict Latest News Background of the Case Siddhi Vinayak Logistics Ltd. is at the centre of this dispute. Its promoters are accused of serious financial crimes — bank fraud, forgery, criminal conspiracy, and…
7h05 9 min read by Ghiles A. Summarize this article with: ChatGPTPerplexityGrok In an already tense context for tokenized real estate, RealT initiates a decisive step with the voluntary liquidation of its American structures. The project, which attracted thousands of investors worldwide, especially in France, now undertakes the progressive sale of its entire real estate…
Christopher Ward’s articles from Lowenstein Sandler are most popular: within Insolvency/Bankruptcy/Re-Structuring topic(s) in United States with readers working within the Healthcare industries Lowenstein Sandler are most popular: within Wealth Management and Finance and Banking topic(s) self In this episode of the Lowenstein Bankruptcy Lowdown, Christopher A. Ward and Michael V. DiPietro examine Delaware’s…
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