Indian buyers who wait for their homes for years after a developer goes bankrupt have a reason to hope: they can now get their properties even as the case winds through courts. The Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations, allowing administrators of bankrupt real estate companies to hand over plots,…
Jakarta. Trade Minister Budi Santoso has denied that the recent ministerial regulation on import relaxations had caused the downfall of Indonesia’s textile giant Sri Rejeki Isman (Sritex). The Semarang commercial court recently declared Sritex bankrupt, thus potentially causing 50,000 people to lose their jobs. Earlier this year, then-Trade Minister Zulkifli Hasan issued a ministerial regulation…
Fashion chain Vanilia declared bankrupt; Some 290 jobs in Netherlands at risk | NL Times Skip to main content Read the original article here
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No COMI? No big deal! Hong Kong courts reaffirm their position on recognition of foreign insolvency proceedings Taylor Wessing Read the original article here
Subordination without borders? German court refers matter to the ECJ for clarification Taylor Wessing Read the original article here
English court terminates theme park’s CVA for irremediable breaches Taylor Wessing Read the original article here
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Epicure has $5.7M shortfall, bankruptcy trustee says Times Colonist Read the original article here
The Editorial Board to the NLS Business Law Review is calling for submissions for Volume 11(2) of the Journal, which will be a special issue on Insolvency. NLSBLR is India’s premier student-run business and commercial law review. Over the past 8 years, we have had the pleasure and privilege of featuring articles written by leading…