1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? Until fairly recently, the Dutch jurisdiction was primarily creditor-friendly. The Dutch Bankruptcy Act (“DBA”) primarily aimed to satisfy creditors, rather than providing debtors with a reorganisation mechanism. However, the introduction of the Act on confirmation of private restructuring…
Court of Appeal halts insolvency petition against Old Mutual Holdings Business Daily Read the original article here
WeightWatchers has filed for bankruptcy in the US after 62 years. (Source: WW) · WW/Facebook Australian users of WeightWatchers (WW) have been assured the business is in a good position after the American wing of the company filed for bankruptcy. After helping people lose kilos all over the world for 62 years, the iconic brand…
“After the BPSL setback, JSW Steel may go back to the drawing board and rework its plans. The state government, on its part, must see that investor confidence is not impacted,” said an industry insider. Apart from new projects, JSW Steel had also planned expansion of BPSL from 4.5 MTPA to 10 MTPA and proposed…
New York CNN — This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks. At least 19…
Controversial vegan activist Tash Peterson has declared bankruptcy and surrendered her passport following a failed defamation case with a vet, marking another wild step in her long history in activism. Ms Peterson and her boyfriend Jack Higgs lost a defamation case initiated by Bicton Veterinary Clinic owner Kay McIntosh and her husband Andrew over comments…
But he will still appear on the WA Senate ballot paper, as electoral laws do not allow the commission to reject a fully completed nomination “regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate”. Read the original article here
Companies Are Going Bankrupt at the Fastest Rate Since 2010 WSJ Read the original article here
England’s 2003 Rugby World Cup-winning hero Lawrence Dallaglio is reportedly facing financial ruin. The 52-year-old former back-row player is in the midst of a bitter divorce battle with estranged wife Allison, whom he married in 2005. Dallaglio is considered one of the greats of English rugby, having captained his country and won 85 caps. He…
Vegan activist Tash Peterson and her boyfriend Jack Higgs have declared bankruptcy and surrendered their passports after failed defamation action with a vet. The pair lost a defamation case initiated by Bicton Veterinary Clinic owner Kay McIntosh and her husband Andrew over comments Peterson made in a video she shared to social media. WA Supreme…