Corporate Insolvency and Governance Bill – akingump.com
Corporate Insolvency and Governance Bill akingump.com Read the original article here
Korea Recovers Just 2% of Debt From Fraudulent Relief Cases
A worker moves goods at Namdaemun Market in Seoul’s Jung district. News1 South Korea has recovered only about 2% of debt owed by borrowers whose debt relief was canceled after they were found to have hidden or transferred assets, raising calls for stronger follow-up measures to collect the money once fraud is detected. A total…
Insolvency: How to assess a company’s solvency
An insolvent trading claim was dismissed by the NSW Supreme Court when a creditor was unable to prove that a company was insolvent at the time it incurred its debts. The decision is a useful reminder of the essential elements of an insolvent trading claim, and where the onus of proof lies. This update explores…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
KAMCO Debt Ratio to Top 350% on Small Business Debt Relief
The debt ratio at Korea Asset Management Corporation (KAMCO), the state agency that writes off debts owed by small business owners, is expected to exceed 350% this year. As the Lee Jae-myung administration pushes to clear delinquent loans, KAMCO’s purchases and write-offs of non-performing loans have risen, putting the ratio about 110 percentage points above…
Kotak’s Report Indicates Stable Corporate Credit Despite IBC Challenges, ETBFSI
New Delhi [India], September 3 (ANI): India’s corporate credit cycle is likely to remain stable in the near term, supported by strong corporate balance sheets, moderate debt levels and a capital expenditure cycle largely funded through companies’ own cash flows, according to a report by Kotak Institutional Equities. The brokerage said these factors are expected…
Company Voluntary Arrangements Under CAMA 2020: A Bold Reform or a Weak Tool? -By Oluwaleye Adedoyin Grace
Abstract The Companies and Allied Matters Act 2020 introduced Company Voluntary Arrangements (CVAs) as part of Nigeria’s modern corporate insolvency framework. Designed as a rescue mechanism, the CVA allows a financially distressed company to reach a binding compromise with creditors while continuing in business. This article argues that although the CVA is a bold legislative…
Allen-Vanguard put into receivership with US$80.3 million owed to Contego lenders
Allen-Vanguard Corporation and UK subsidiary Allen-Vanguard Ltd. were placed into receivership on September 1, 2026, on application by senior secured lenders Contego AV Funding II, LLC and Contego AV Funding II-A, LLC, after years of declining sales left the defence technology group unable to repay approximately US$80.3 million of secured debt. The Ottawa-based group provides radio-frequency…
Mankind Pharma Subsidiary Bharat Serums Approves Voluntary Liquidation Pending Creditor Consent
Market snapshot: Mankind Pharma’s wholly-owned subsidiary, Bharat Serums and Vaccines Limited, has received approval from its members for voluntary liquidation. This decision was formalized during an Extraordinary General Meeting on September 7, 2026, as part of a strategic corporate restructuring to integrate operations into the parent company. The liquidation remains contingent on obtaining necessary creditor…
Pandion's Creditor Committee Convenes as Insolvency Ripple Effect Engulfs Eleven More Project Vehicl – AD HOC NEWS
Pandion’s Creditor Committee Convenes as Insolvency Ripple Effect Engulfs Eleven More Project Vehicl AD HOC NEWS Read the original article here