Luxembourg Reform of Restructuring Procedures | White & Case … – JD Supra

On 1st November 2023, the new Luxembourg law of 7 August 2023 on the continuation of businesses and modernisation of insolvency law (the “Law”) enters into force. This long-awaited reform implements Directive 2019/1023 to introduce a modern restructuring regime, with out-of-court and court supervised mechanisms to protect companies in distress. The Law is expected to…

Dutch branch Celtic Refrigeration has bankruptcy declared – talks on … – FreshPlaza.com

On November 1, the District Court of The Hague declared the company Celtic Koeling bankrupt. M.W. Schller was appointed as curator. The Nieuw-Vennep-based refrigeration company was founded in 1997, working in the design and installation of custom refrigeration and freezer systems, air conditioning systems and turnkey solutions for the refrigeration of vegetables, fruit, flowers and…

Financial trade association R3 warns Berkshire businesses are … – Wokingham.Today

THE CHAIR of a regional arm of financial trade association R3 says more businesses are turning to insolvencies than at this time last year after new figures emerge. It comes after the Insolvency Service published personal and corporate insolvency statistics for England and Wales were published in September. Figures show that corporate (business) insolvencies where…

NCLT Kochi: Moratorium U/S 96 And 101 Of IBC Cannot Be Meant To Prohibit The Right To Action U/S 7, 9 Or… – Live Law – Indian Legal News

The National Company Law Tribunal (NCLT), Kochi Bench, comprising of Justice T Krishna Valli (Retd.) (Judicial Member) and Shri. Shyam Babu Gautam (Technical Member) dismissed a stay application and has held that the moratorium under sections 96 and 101 of the Insolvency and Bankruptcy Code (IBC) cannot be meant to prohibit the right to action…