Dave Broadbent, chair of R3 in Yorkshire New business starts-ups and insolvency-related activity were both on the rise across the UK and in Yorkshire and the Humber last month, according to the latest findings from the UK’s insolvency and restructuring trade body, R3. The research, based on an analysis of data provided by Creditsafe, shows…
The Federal High Court has partnered the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to enhance the country’s business recovery and insolvency framework, aiming to improve the efficiency of insolvency procedures in Nigeria. Insolvency law provides a legal framework for managing the financial affairs of individuals and companies facing such situations. Chimezie Ihekweazu,…
Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse. The report shows that of the 1,036 directors who were disqualified, 736 were for Covid loan abuse and the average length of a ban was eight years. The report also shows…
The Navneet & Company invites application for the post of Junior Associate & Associate. Name of the Post: Junior Associate & Associate No. of Vacancies: 04 (Four) Duration: A minimum duration of 1 year shall be preferred, the term may be extended based on the performance of the candidate. Date of Joining: Opportunity is open…
European quarterly institutional loan volume activity in €bn (estimated). Source: Pitchbook | LCD Data through March 11, 2024 It is fairly well known in our circles at least that loan-to-own distressed debt investors have been raising capital to purchase debt positions as a pathway to taking ownership of financially stressed companies via debt-for-equity swaps, and…
Save (0) Please login to bookmark Close Username or Email Address Password Remember Me After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts. Subscribe to Lawyerly…
Highlights: Investors, lawyers air concern over risks in China’s bankruptcy process China bankruptcies are rising amid economic slowdown, property slump Chuming case raises investor concern over enforcement of bankruptcy laws Chuming, judicial authorities did not respond to questions about its bankruptcy When a Chinese pork producer filed for bankruptcy in 2019, the news came as…
The British owner of New Brunswick small modular nuclear reactor developer Moltex Energy Canada Inc. is up for sale as part of a U.K. insolvency proceeding. Moltex Energy Ltd., a private company based in Stratford-upon-Avon, announced last month the appointment of two insolvency practitioners from accounting firm Azets Holdings Ltd. to manage its affairs. Azets…
Hudson Regional Hospital has officially taken control of Hudson County’s struggling CarePoint Health System, establishing a new, countywide health network. On Friday, a federal bankruptcy court judge confirmed CarePoint’s plan to exit bankruptcy and hand over control of its three hospitals ― Christ Hospital in Jersey City, Bayonne Medical Center and Hoboken University Medical Center…
By Wandoo Sombo The Business Recovery and Insolvency Practioners Association of Nigeria (BRIPAN) is collaborating with the Federal High Court to improve the efficiency of insolvency procedures in the country. The President of the association, Mr Chimezie Ihekweazu, SAN, made this known on Monday in Abuja when he led members of BRIPAN on a visit…