Where is the insolvency market going in 2023? Corporate insolvency appointments at highest rate since November 2020. 2023 is promising to be a volatile and interesting year, with a lot of uncertainty, especially as we look forward to the latter half of 2023. Corporate insolvencies Corporate insolvency appointments started the year at a low point,…
On 24 March 2020, the Coronavirus Economic Response Package Omnibus Act 2020 (Cth) (‘Omnibus Act’) was enacted as part of the Commonwealth government’s economic response to the Coronavirus. The Omnibus Act made changes to the Bankruptcy and Corporations Acts and Regulations. These changes were intended to extend for six months, but were later (in September 2020)…
The Corporate Insolvency and Governance Act 2020 has introduced a new standalone moratorium procedure for companies.1 The moratorium is part of a package of significant legislative reforms contained in the Act, intended to enhance the UK’s restructuring rescue culture. These were originally consulted on between 2016 and 2018 and were fast-tracked to deal with the COVID-19…
A bankruptcy court in New Delhi has admitted Hero Electric Vehicles for a corporate insolvency resolution process in an application filed by its operational creditor Metro Tyres. The National Company Law Tribunal appointed Bhoopesh Gupta as interim resolution professional for the EV maker. “We are of the view that the corporate debtor (Hero Electric Vehicles)…
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Some of the former employees of Prolink NZ who have written a letter to Immigration NZ asking for open work visas. Photo: RNZ / Lucy Xia About 50 migrant workers whose visas are at risk after the liquidation of their employer – the Auckland-based labour hire company Prolink NZ – are demanding open work visas…
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ISDN Holdings Simplifies Structure with Subsidiary Liquidation TipRanks Read the original article here
Electric Guitar confirms liquidation of 3radical Proactive Investors USA Read the original article here
Major Australian fashion retailer collapses into voluntary administration Goulburn Post Read the original article here