‘I’ve Been Bained’: Business Class Passengers Furious At New Virgin Australia ‘Limitations’ – DMARGE

Its been a turbulent year in travel. One big change of many has been Virgin Australias descent into voluntary administration. As Virgin Australia transitions into a more middle market offering, in order to struggle back to its feet, Velocity points holders are losing some of the perks they used to take for granted. As DMARGE…

Corporate Insolvency and Governance Law 2020: COVID-19 Changes to Insolvency Law Come into Force – BBN Times

Corporate Insolvency and Governance Law 2020: COVID-19 Changes to Insolvency Law Come into Force Many businesses are relentlessly fighting the financial crunch resulted from Covid-19 crisis to survive the economic scare. The current COVID-19 pandemic has placed a lot of businesses registered in England and Wales into a position where they are now either balance…

Corporate insolvency rise indicates start of struggle for businesses profitable pre-Covid – R3 Midlands – East Midlands Business Link

A month-on-month rise in the number of corporate insolvencies in England and Wales may indicate that businesses which were healthy and profitable pre-COVID-19 are now starting to struggle. This is according to the Midlands branch of insolvency and restructuring trade body R3 and comes on the back of figures published by the Governments Insolvency Service…

Corporate insolvency rise indicates start of struggle for businesses – The Business Desk

A month-on-month rise in the number of corporate insolvencies in England and Wales may indicate that businesses which were healthy and profitable pre-COVID-19 are now starting to struggle. This is according to the Midlands branch of insolvency and restructuring trade body R3 and comes on the back of figures published by the Governments Insolvency Service…

Arabtec adopts Special Resolution to apply for ‘an insolvent liquidation’ – Construction Week Online

Dubai Financial Market-listed Arabtec Holding, which confirmed going into liquidation, due to its untenable financial situation, has revealed that its general assembly has adopted a Special Resolution for the discontinuation of the company, and to authorise its board to apply to the competent court for an insolvent liquidation. In a stock market filing dated 14…

Termination For Insolvency in Construction Contracts | White & Case LLP – JD Supra

Recent insolvency law reforms in the UK, Singapore and Australia impact upon the ability of a party to a construction contract to terminate it due to the other party’s insolvency. Background Construction contracts commonly contain provisions which entitle a party to terminate the contract if the other party becomes insolvent. These provisions are sometimes referred…