The immovables rule | English-Chinese Definition

This column discusses a rule under English common law that applies in the context of cross-border insolvency proceedings: the so-called immovables rule. Cross-border insolvency occurs when a company or individual enters insolvency or bankruptcy proceedings in one jurisdiction and the has assets and creditors in another jurisdiction (for a previous discussion about cross-border insolvency, see…

Zone RV director accused of insolvent trading as early as 2023

Administrators for collapsed luxury caravan manufacturer Zone RV are threatening litigation against the company’s director, accusing him of running the business while it was insolvent.  The Sunshine Coast-based company plunged into administration on December 1, owing $42 million to hundreds of creditors, including nearly 200 customers.  A report to creditors released on Thursday night has…