14:22, 27 December 2024, Bishkek – 24.kg news agency , by Baktygul OSMONALIEVA Kara-Balta Passenger Motor Transport Company has announced its liquidation. The website of the Kyrgyz Stock Exchange says. An extraordinary meeting of shareholders of Kara-Balta Passenger Motor Transport Company OJSC was held, at which a decision was made to terminate the company’s activities. The quorum was 87.77 percent of the voting…
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In 2023, Alabama had the highest personal bankruptcy filing rate in the United States. In Alabama 346.72 inhabitants per 100,000 had filed for bankruptcy. In comparison, Alaska had the lowest bankruptcy filing rate, where 25.77 inhabitants per 100,000 filed for bankruptcy. Filing for bankruptcy Bankruptcy is a legal process that occurs when a person, business,…
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The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…