Category Archives: Bankruptcy

The Rescue Culture Under CAMA 2020: Has Nigeria Truly Moved Beyond Liquidation?

By Oluwaleye Adedoyin Grace Abstract The Companies and Allied Matters Act 2020 (CAMA 2020) introduced a significant change in Nigerian corporate insolvency law by incorporating formal mechanisms directed at the rescue and rehabilitation of financially distressed companies. In particular, the introduction of Company Voluntary Arrangements (CVAs) under sections 434–442 and administration under sections 443–549 represents…

Staff made redundant as Kintore haulage firm enters liquidation – Press and Journal

Staff made redundant as Kintore haulage firm enters liquidation  Press and Journal Read the original article here

Simplon points to former owner for second insolvency in 2 years – Bike Europe

Simplon points to former owner for second insolvency in 2 years  Bike Europe Read the original article here

UK broadband provider enters administration after 19 years

The company describes itself as “a friendly group of internet enthusiasts” committed to “delivering quality” and taking “the hassle out of staying connected.” iTalk enters administration after 19 years After 19 years in business, iTalk Affiliate Telecommunications Ltd has now entered administration. Andrew Pear and Richard Keley of Moorfields Advisory Limited were appointed as administrators,…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

If Australia was a business, we’d be on the verge of being declared bankrupt: PETER VAN ONSELEN

There is something deeply perverse about the way Australia now fights inflation. The government keeps spending too much, the RBA raises interest rates in a bid to contain the resulting inflation, and mortgage holders are forced to carry the burden. Oh, and now property prices are tanking too, leaving many new homeowners with negative equity,…

Diversa insolvency risk: Trustee lacks shareholder support as it faces $250 million First Guardian fallout

Troubled superannuation trustee Diversa says it has no guarantees from its private equity shareholders they will continue to support the business and protect the company from insolvency if forced to repay nearly $250 million to victims of the collapsed First Guardian investment scheme. In a fiery hearing of Senator Deborah O’Neil’s joint parliamentary committee for…

A battle over the soul of IBC’s Part III norms

There is a debate on the framework governing insolvency of individuals and personal guarantors | Photo Credit: lakshmiprasad S National Company Law Tribunal benches are not enlarged lightly, but because the institution itself recognises that the questions before it deserve an answer that will outlive the immediate dispute. The proceedings concerning Subhash Chandra have travelled…

REVEALED: Liquidator appointments for businesses in the Brisbane council area for September 3 – The Courier Mail

REVEALED: Liquidator appointments for businesses in the Brisbane council area for September 3  The Courier Mail Read the original article here