Company insolvencies remain at record lows but for how long? | London Business News | Londonlovesbusiness.com – London Loves Business

Company insolvency statistics continue to defy gravity but an increase in IVAs shows that personal finances are beginning to take a hit as the impact of the pandemic starts to hit. Insolvency figures released last week by the Governments Insolvency Service show a 23% drop in corporate insolvencies compared to April last year, and a…

SC Upholds Centre’s Notification Bringing Into Force Insolvency Of Personal Guarantors To Corporate Debtors – Outlook India

Author: Sarojanand Jha, Founding Partner, Vedanta Legal In a recent landmark decision, the Supreme Court has upheld the challenge to a Notification dated 15th November 2019 (Notification) issued by the Ministry of Corporate Affairs, which brought into force the provisions of the insolvency of Personal Guarantor to the Corporate Debtor. The expression Personal Guarantor is…

Malawi Airlines to resume full operations in Jun-2021 following recapitalisation | CAPA – CAPA – Centre for Aviation

Malawi Airlines announced (20-May-2021) plans to resume full operations in mid Jun-2021. Destinations will include Dar Es Salaam, Harare, Lusaka and Nairobi. The airline’s shareholders, the Malawian Government and Ethiopian Airlines, reached an agreement to recapitalise Malawi Airlines after its board previously declared the company to be technically insolvent. The insolvency was mainly due to…

New insolvency rules help energy companies carve out their environmentally-compromised assets – Financial Post

Breadcrumb Trail Links FP Energy RVOs effect a sale of an insolvent entitys shares in a transaction where assets and liabilities unwanted by the purchasers are excluded Author of the article: Julius Melnitzer Electric vehicle batteries. Creditors objections about Nemaska Lithium Inc. led to the first contested judicial decision on the validity of RVOs. Photo…

Insolvency and restructuring profession rescues 297,000 jobs – R3 – East Midlands Business Link

The insolvency and restructuring profession rescued 297,000 jobs and returned 1.82bn to creditors in insolvency cases in 2019 the equivalent of around 800 jobs and 5m a day, according to a new report from R3, the insolvency and restructuring trade body. The report, The value of the profession: how insolvency and restructuring supports the UK…