Does the clock stop in insolvency?

This article was co-authored by Mololuwa Olanrewaju, trainee solicitor. Last week, the Court of Appeal handed down a decision in the case of Office Properties v Adcamp LLP [06.02.26] which dealt with adding defendants to a claim after the expiry of limitation, focussing on successor practices following insolvency. This is the latest case on the…

The oldest machine-building plant in the Urals was declared bankrupt

One of the oldest enterprises in the Chelyabinsk region, the “Kyshtym Machine-Building Association” (KAMО), was officially declared bankrupt after almost two years of litigation. At a meeting on February 10, the arbitration court of the region introduced a monitoring procedure for the enterprise. «Кыштымское машиностроительное объединение» Image source Администрация Кыштымского городского округа In the fall…

Developer Michael O’Flynn renews challenge to neighbour’s personal insolvency arrangement

Developer Michael O’Flynn Property developer Michael O’Flynn was back before the High Court on Tuesday for another round in his objection to the personal insolvency arrangement (PIA) of his former business partner and neighbour John O’Driscoll. He claims Mr O’Driscoll from Ovens, Co Cork, owed him approximately €950,000 and was allegedly not insolvent when he…

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To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…

Ssense founders can buy back company, court rules

Atallah brothers’ $78-million buyback bid moves forward despite several creditors’ objections. Montréal luxury e-commerce platform Ssense will return to the hands of its founders after an unsuccessful attempt by its lenders to block a deal.  The bid includes plans for the business’ continued operation, a cash payment of $58.5 million, and assuming some liabilities.…