The new Corporate Insolvency and Governance Act: Implications for the energy and infrastructure sectors | Papua New Guinea | Global law firm

Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…

Nicheliving directors save failed company from liquidation

Video: Nicheliving directors save failed company from liquidation Nicheliving directors save failed company from liquidation We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer The directors of failed construction company Nicheliving have saved it from liquidation by buying it…

[IBC] Telangana HC Quashes Proceedings Against Ex-Director Of Company, Says IRP Had Already Taken Charge When Complaint Was Filed

The High Court of Telangana has delivered an important decision on the issue regarding criminal liability of Directors and corporate governance. In quashing the proceedings initiated against the petitioner (former Director of a pharmaceutical company), Justice K Sujana held that the petitioner could not be held responsible for alleged violations by the accused-company since he…