Further clarification on the impact of foreign insolvency proceedings – JD Supra

A 2020 decision of Mr Justice Harris concerned FDG Electric Vehicles Limited (the Company), a company which has been put into provisional liquidation in Bermuda, where it was incorporated. The Joint and Several Provisional Liquidators (the Provisional Liquidators) applied to the Hong Kong court for an order of recognition and assistance (the Application). In considering…

Reputation laundering – The Shift News

Which company did Aleksander Lukashenko, Europes last dictator of Belarus who tortured his own people, including women and children, call to launder his reputation? Which company did Asma al-Assad, wife of Syrias brutal dictator who systematically incarcerated, tortured and summarily executed his opponents, hire to clean up her image? Which company did the Bahraini government…

NCLAT stays liquidation of Three C Homes; asks NCLT to consider options – Business Standard

The National Company Law Appellate Tribunal has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered for resolution of the debt-ridden realty firm. TopicsNCLAT|NCLT|liquidation The National Company Law Appellate Tribunal (NCLAT) has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered…

Government support available for some Laurentian students whose programs were discontinued – CBC.ca

Some students who are affectedby Laurentian University’srecent restructuring are hoping they’ll qualify forsome financial helpfrom the provincial government, while others are disappointed to find out they aren’t eligible. The school declared itself insolvent on Feb. 1, and cut dozens of programs and hundreds of jobs under creditor protection to begin its plan to return to…