Cl. 2 → S. 3 Section 3 (Definitions) Inserts definition of ‘registered valuer’ [cl.27A]; clarifies ‘security interest’ exists only by act of two or more parties, not by operation of law [cl.31 Explanation]; inserts definition of ‘service provider’ [cl.31A]. Cl. 3 → S. 5 Section 5 (Definitions – CIRP) Inserts ‘avoidance transaction’ [cl.2A]; inserts ‘fraudulent…
An individual dressed in formal attire, grasping a turquoise suitcase, possibly inside a modern and well-lit airport terminal. A major European hotel operator has filed for insolvency proceedings, sparking concerns about what lies ahead for its properties throughout Europe. Revo Hospitality Group, formerly HR Group, was established in 2008 and is Europe’s biggest white-label hotel…
Jeaniologie Inc., a Montreal apparel company, was placed into receivership on April 9, 2026 on application by Royal Bank of Canada, who said years of refinancing extensions and forbearance measures failed to stabilize the borrower’s finances, leaving it owed approximately $6.6 million. Founded in 2002, Jeaniologie is a Montreal-based designer, manufacturer and importer of denim…
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UK companies collapse into liquidation as Iran war is blamed Oxford Mail Read the original article here
Major hotel group files for insolvency with 125 hotels at risk MSN Read the original article here
The Nani Palkhivala Arbitration Centre (NPAC), is a non-profit company registered under Section 25 of the Companies Act, 1956. NPAC was set up by the Palkhivala Foundation to promote institutional arbitration in India, keeping in mind the growing burden on Indian courts and the inordinate delay in the disposal of cases. By providing world-class facilities…
Company insolvency statistics released earlier this month show accommodation and food services insolvencies jumped 22% month-on-month from 222 in January 2026 to 270 in February 2026, but were flat compared to the same month in 2025 (272). Saxon Moseley, partner and head of leisure and hospitality at leading audit, tax and consulting firm RSM UK,…
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Why “U.S. Insolvency” Wasn’t News: News Article Independent Institute Read the original article here