The Corporate Insolvency and Governance Bill how will the new company moratorium affect lending transactions? Ten key questions answered – JD Supra

Bankruptcy

The UK government introduced the Corporate Insolvency and Governance Bill (CIGB) to Parliament on 20 May 2020. As well as including temporary measures to help support businesses affected by COVID-19, it proposes significant permanent changes to UK insolvency law. These proposed permanent changes include a new company moratorium: a mechanism to give a company in…

‘We’ve kicked the can down the road’: Australian businesses brace for slow recovery – The Guardian

Bankruptcy

For the thousands of small businesses, which have been the beneficiary of many of the Covid-related measures announced by the government over the past three months, the landscape after September is particularly treacherous. The single biggest unknown is the extent to which they will be able to resume business. Its unlikely international tourists will resume…

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008 – Business Insider Australia

Bankruptcy

The car-rental industry has seen yet another bankruptcy. Advantage Rent A Car, previously owned by Hertz, filed for bankruptcy on Wednesday. The intertwined stories of Hertz and Advantage, featuring Canadian distressed-debt investors and pro-competition American regulators, reveal how dozens of blunders sank both firms into bankruptcy. Visit Business Insiders homepage for more stories. A former…

Thai Airways heads to bankruptcy court in last-ditch restructure – Executive Traveller

Bankruptcy

Thai Airways will resort to the country’sBankruptcy Act to enter a sweeping “rehabilitation” plan following the government’s refusal to extend a bailout package to the trouble’s flag-carrier. In a statement issued to media, the Star Alliance member – whose domestic and international flights remaingrounded by the coronavirus pandemic said theThai Cabinet had approved a reform…

Bankrupt Hertz just told all of its landlords it won’t pay rent for six months in the latest slam to commercial real estate – Business Insider Australia

Bankruptcy

Hertz declared bankruptcy on May 22, carrying $US19 billion in debt. The iconic car rental company told its landlords days before that it would not pay them rent for the next six months, according to a letter reviewed by Business Insider. Its the latest example of a big-name corporation asking building owners, many of whom…

Bankrupt Hertz just told all its landlords it won’t pay rent for 6 months in the latest slam to commercial real estate – Business Insider

Bankruptcy

Hertz declared bankruptcy on May 22, carrying $US19 billion in debt. The iconic car rental company told its landlords days before that it would not pay them rent for the next six months, according to a letter reviewed by Business Insider. Its the latest example of a big-name corporation asking building owners, many of whom…