1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? German insolvency proceedings place a high priority on protecting creditors, but they are not completely creditor-friendly. Section 1 of the German Insolvency Code states that satisfying creditors is the primary goal of German insolvency proceedings, which would seem…
Several strategic buyers as well as investors are actively scouting for cement manufacturing companies which are currently undergoing the corporate insolvency resolution process under the Insolvency & Bankruptcy Code. One of the most sought-after assets in the sector is the cement business of debt-laden Jaiprakash Associates Ltd (JAL). The company has four plants in North…
Liam James Hennessey, 28, has been disqualified from being a director of a company for the next 11 years. Mr Hennessey, of Manchester Road, Haslingden, applied for Nero Plant Limited to receive a £50,000 Bounce Back Loan during the Covid-19 pandemic. Under the BBL scheme, businesses could apply for a loan of between £2,000 and…
Veteran jockey Frankie Dettori says he feels “embarrassed” after he filed for bankruptcy having been unable to reach agreement with His Majesty’s Revenue and Customs over a long-running case of tax avoidance. The 54-year-old Italian, a mainstay of the British and European flat-racing scene for 37 years, has ridden more than 3,300 winners during his…
The possibility that your genetic data could one day be sold to the highest bidder sounds like something out of a sci-fi novel, but fiction has just taken one step closer to reality. Genetic testing company 23andMe has filed for bankruptcy protections and is looking for a buyer, which has people asking – what’s going…
Part 1: A Broad Overview of Bankruptcy ‘As privileged professionals, who live by the words of the English language, lawyers have a special duty to be clear in what they say and write’[1] When discussing any area of law, precision is essential. A common source of confusion amongst both lawyers and the public generally is…
TORONTO, April 29, 2025 (GLOBE NEWSWIRE) — Montauk Metals Inc. (TSX-V: MTK) (the “Company” or “Montauk”) announces that Mr. Robert Suttie has resigned from his position as Chief Financial Officer of the Company, effective immediately. The Board of Directors would like to thank Mr. Suttie for his service to Montauk and wishes him the best…
Patchwork Foods in Ruthin was founded in 1982 by Margaret Carter in her kitchen, and went on to become famous for pates and other specialities. An award-winning business for much of its four decades of trading, Margaret, son Rufus and business partner Jen Whitham helped it achieve a £2 million annual turnover. The trio left the business as…
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Mumbai: Several strategic buyers as well as investors are actively scouting for cement manufacturing companies which are currently undergoing the corporate insolvency resolution process under the Insolvency & Bankruptcy Code.One of the most sought-after assets in the sector is the cement business of debt-laden Jaiprakash Associates Ltd (JAL). The company has four plants in North…