The report also explores how Canadian businesses are adapting to economic pressures through the strategic use of restructuring law. BIA proposals and CCAA proceedings are being used more flexibly, sometimes in sequence. “It’s not unusual, frankly, to see a proceeding start as a proposal proceeding and then convert to a [CCAA] once the strategy becomes…
New Delhi: The government is working on amending the insolvency law, including the provision related to bidders requiring CCI approval for resolution plans involving combinations before they approach the Committee of Creditors, according to a senior official. The Insolvency and Bankruptcy Code (IBC) provides for a market-linked and time-bound resolution of stressed assets and under…
According to official data by the Insolvency Service, business insolvencies have soared to their highest levels in April compared to July 2024 and companies are being hit with higher taxes thanks to the Chancellor’s Autumn Budget. In England and Wales insolvencies rose by 3% to 2,053 in April but remains down 5% compared to the…
Monthly company insolvencies rise to highest level since last July London Evening Standard Read the original article here
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Thinking about potential insolvency or bankruptcy induces stress in intellectual property departments as much as any other corporate department. The path to restructuring or liquidation is often paved with poor business decisions that usually are made by those far removed from the IP team. However, a company’s IP may be one of the most valuable…
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Nationally, Australia has committed to 70 per cent of plastic packaging being recycled by next year. The most recent figures suggest we are less than halfway there. The packaging and consumer goods industry has abandoned its long-held antipathy to government regulation, and has been calling for a mandatory scheme to ensure national consistency and that…
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A popular motorcycle retailer with a 55-year history has gone bust, putting some 400 jobs at risk. Peter Stevens Motorcycles, which boasts a network of wholesale and retail outlets nationwide, entered voluntary administration on Monday. The company’s dealerships sell beloved brands including Harley-Davidson, Kawasaki, Honda, Suzuki, Yamaha and Vespa scooters. Its four major dealerships are…