Luxembourg insolvency law reform: New procedures to safeguard … – JD Supra

Introduction The New Law applies to all traders (commerants), craftsmen, commercial companies (including socits en commandite spciale) and civil companies, with certain specific exceptions relating to investment firms, insurance and reinsurance companies, undertaking for collective investments, specialized investment funds, venture capital investment companies, pension funds and RAIF. The main objective of the New Law is…

BREAKING| Supreme Court Upholds Constitutionality Of IBC Provisions Relating To Personal Guarantors; Says … – Live Law – Indian Legal News

In a significant judgment, the Supreme Court on Thursday (November 9) upheld the constitutionality of the provisions of the Insolvency and Bankruptcy Code (IBC) relating to Personal Guarantors’ Insolvency Resolution, which were introduced through the amendments made in 2019. The Court held that these provisions (Section 95 to 100 IBC) cannot be held as unconstitutional…

Five takeaways for insolvency practitioners after – Maddocks

The Western Australia Court of Appeal has provided clarity concerning questions of insolvency practitioner independence following pre-administration services and whether those pre-administration services can disentitle insolvency practitioners to remuneration. ASIC appealed the first instance decision of Justice Martin in the Western Australian Supreme Court, Australian Securities and Investments Commission v Jones [2023] WASCA 130. This…

Supreme Court Commences Hearing Of Pleas Challenging IBC Provisions On Personal Guarantor's Insolvency… – Live Law – Indian Legal News

The Supreme Court today (07.11.2023) commenced its hearings in a batch of petitions challenging the constitutionality of various provisions of the Insolvency and Bankruptcy Code (IBC) relating to Personal Guarantors Insolvency Resolution Process. The central contention raised by the petitioners challenging Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6), and 100 of the Code…

Warwick Constructions, Ultimate Kitchens & Bathrooms follow Dome … – The Australian Financial Review

Nov 8, 2023 5.50pm A builder and kitchen renovations company servicing Melbournes leafy inner-eastern suburbs have added to the growing list of construction insolvencies hitting boutique companies servicing wealthy clients. Builder Warwick Constructions went into administration in late October, followed four days later by fellow Hawthorn East-based renovations business Ultimate Kitchens & Bathrooms, when director…