Insolvency and Bankruptcy Code alert: Explicit bar likely on bids by promoters’ relatives – Financial Express

The definition of relatives would be added to the IBC alongside that of related party under Section 5(24) of the IBC. The government is set to define the term relatives in the context of persons considered related parties who will be ineligible to bid for stressed assets under the Insolvency and Bankruptcy Code (IBC), sources…

British regulators have ordered Cambridge Analytica to hand over the personal data of an American professor which … – Business Insider

Mark Turnbull, Managing Director of SCL Elections/Cambridge Analytica arrives at the offices of Cambridge Analytica in central London. REUTERS/Henry Nicholls Britain is backing an American professor’s effort to obtain personal data from Cambridge Analytica’s parent. SCL Elections will face criminal action if it does not hand over the data within 30 days. The ruling could…

UK watchdog orders Cambridge Analytica to hand over American’s personal data – Reuters

(Reuters) – Britains data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a U.S. academic, confirming the right of people abroad to seek data held by a UK firm. The nameplate of political consultancy, Cambridge Analytica, is seen in central London, Britain March 21, 2018. REUTERS/Henry Nicholls…

Zug Cantonal Court grants reciprocity in Singapore insolvency proceedings – International Law Office

Introduction Facts Recognition of foreign bankruptcy decrees Considerations Comment Introduction Under Swiss law a foreign trustee of an insolvent foreign entity cannot act in relation to assets which are located in Switzerland, unless the respective foreign bankruptcy decree is recognised by a Swiss court. On recognition, a mandatory auxiliary insolvency procedure in Switzerland is initiated…