Stricter regulation needed as personal insolvencies set to rise by 17% in 2018 – Global Banking And Finance Review (press release)

Following the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online:  The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…

NCLAT orders maintenance of status quo in Electrosteel Steels insolvency process – Business Line

The National Company Law Appellate Tribunal (NCLAT) on Tuesday ordered status quo in the insolvency process of Electrosteel Steels India Pvt Ltd. The NCLAT has also directed the steering committee, if any appointed, not to spend any amount except as required for the day-to-day operations of Electrosteel. A bench headed by S.J. Mukhopadhyay was hearing…

Draft bill combines corporate, personal insolvency in one legislation – Myanmar Times

The draft Insolvency Bill will replace three older laws to address corporate and personal insolvency in one legislation and will carve out a separate corporate rescue and insolvency regime for smaller businesses. Today, April 30, is the registration deadline for a publication consultation meeting on the Myanmar Insolvency Bill. A consultation meeting on the Insolvency Bill…