Insolvency law needs a complete overhaul and a new regulator because the current system is unfit for purpose, the Australian Restructuring, Insolvency and Turnaround Association (ARITA) says in its submission to the government investigation on the matter. ARITA chief John Winter said the law was simply “too damn hard” and deterring struggling businesses from doing the…
The UK-based parent company of Alstons, has reported a 41.5% decline in sales to £62.1 million for the year ending 31 December 2024, with pre-tax losses widening sharply to £26.3 million from £757,000 in 2023. © Rido | Dreamstime TCM Living Group’s…
Donegal’s three EuroGiant stores will trade during the process of a review of the company’s store network takes place, after the company entered court-appointed liquidation this week. On Wednesday, EuroGeneral Ltd and Bushgrove Ltd, which trade as EuroGiant, entered into liquidation. EuroGiant has two stores in Letterkenny and one in Donegal Town. Judge Brian Cregan appointed…
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A family-run used car dealer is to bring the shutters down on 22 years of trading after the firm collapsed into liquidation. Glynn Andrews Car Sales in Widness is to cease trading after it officially moved to appoint liquidators at the end of last week. The news was confirmed via an announcement to the London…
Donegal’s three EuroGiant stores will trade during the process of a review of the company’s store network takes place, after the company entered court-appointed liquidation this week. On Wednesday, EuroGeneral Ltd and Bushgrove Ltd, which trade as EuroGiant, entered into liquidation. EuroGiant has two stores in Letterkenny and one in Donegal Town. Judge Brian Cregan appointed…
1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? The rescue and insolvency of companies incorporated in Switzerland are governed by the Swiss Code of Obligations (CO) and the Swiss Debt Enforcement and Bankruptcy Act (DEBA). The CO and the DEBA generally strike a fair balance between…
TGIF 17 October 2025 – Blackbird swoops in effort to extinguish secured creditor’s rights under DOCA Corrs Chambers Westgarth Read the original article here
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has dismissed appeals filed by operational creditors challenging the rejection of restoration applications on revival of insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Bench held that once the entire amount in Part IV of the Section 7…
The dispute arose out of a tripartite endorsement agreement dated March 8, 2021, under which Kumar agreed to provide endorsement services to Cue Learn for a consideration of ₹8.10 crore plus taxes. The agreement contemplated that the actor would make himself available for up to two days during the contract term of two years. Cue…