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…