The Insolvency and Bankruptcy Boards proposal to allow companies to withdraw from the process of voluntary liquidation is pragmatic. It will facilitate revival. This also makes the case for a pre-packaged insolvency resolution all the more compelling. Pre-packs entail a debtor-initiated reorganisation plan beforehand with creditors on board instead of a financial bidding process for…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 46 bankruptcies in week 47, 14 more than in week 46. In addition, 9 sole proprietorships were declared bankrupt, 1…
My mother, Theresa Stewart, who has died aged 90, was the Labour leader of Birmingham city council, the UKs largest local authority, from 1993 to 1999. She was the first, and is still the only, woman to hold the post. During that time, she moved the council away from spending on infrastructure and convention centres…
Supreme Court had dismissed SBI’s plea seeking resumption of insolvency proceedings against Anil Ambani New Delhi: The Supreme Court Wednesday said it will pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking the transfer of all petitions pending before different high courts challenging the provisions of Insolvency…
In tribute to Diego Maradona, we revisit one of his finest hours as a member of Napoli’s UEFA Cup-winning team of 1989 the last time the southern Italian side achieved European glory. Inspired by Maradona, the previously unheralded Partenopei enjoyed success both at home and, culminating in this scene after their 5-4 aggregate win over…
Member Article A new law that comes into force on 1 December which will move HM Revenue & Customs higher up the creditor ladder could push more struggling North East businesses into insolvency. Thats the warning from Alexandra Withers, regional chair of insolvency and restructuring trade body R3, in advance of the new Crown Preference…
10:56 25/11/2020 MOSCOW, November 25 (RAPSI) The Commercial Court of St. Petersburg and Leningrad Region has declared a co-owner of Russian Internet retailer Ulmart Dmitry Kostygin bankrupt, according to court records. The court has also initiated a debt restructuring procedure in relation to the businessman. VTB bank filed a petition for insolvency of Kostygin over…
In the world of mens tennis, a few names consistently reappear at the top of the sport, like Federer, Nadal, and Djokovic. But there was a time when Boris Becker couldve rivaled them all. Becker was once one of the greatest tennis players in the world. These days, however, hes fallen on tough times. Lets…
Tuesday, November 24, 2020 A legislative proposal to amend the Temporary Act COVID-19 was adopted by the Dutch parliament on 12 November 2020, and adopted by the Dutch Senate on 24 November 2020. The proposal (the COVID-19 Amendment Act) will enter into force shortly and remain in effect until 1 February 2021. This GT Alert…
My friend Roger Franklin, who has died aged 93, was a peace campaigner who lived and worked on his small organic farm for the best part of 50 years. After the breakup of his marriage in the early 1970s Roger moved to a smallholding at Tickmorend, near Nailsworth, Gloucestershire, with a determination to live off…