FW: How have legal and regulatory frameworks evolved to support restructuring efforts? Lawford: The Corporate Insolvency and Governance Act 2020 represented the most significant reform to UK insolvency law in over two decades. Most notably, it introduced the restructuring plan with its cross-class cram down power, enabling courts to sanction compromises even where certain creditor…
The shop also has a cafe and restaurant (Image: Getty) A UK farm shop firm with a store featuring a “great atmosphere” and “welcoming staff” faces liquidation. Hirst Family Trading Company Ltd., which trades as Albion Farm Shop in the village of Delph, Greater Manchester, was incorporated in 2009, according to Companies House. But accounts…
NEW DELHI: On April 6, 2026, the President of India gave assent to the Insolvency and Bankruptcy Code (Amendment) Act, 2026–No. 6 of 2026–and the legislation was published in the Gazette of India. A decade after the original IBC was enacted in 2016, Parliament has approved what practitioners call the most comprehensive rewrite of the…
AGS Transact Technologies Relocates Books of Accounts Following Committee of Creditors Decision scanx.trade Read the original article here
The President of India has approved the Insolvency and Bankruptcy Code (Amendment) Act, 2026 set to bring in significant changes to the insolvency regulations to improve processing efficiency and reduce hurdles. The changes include timelines for insolvency process applications, approval and implementation of resolution plans and the liquidation process. The amendment has yet to take…
At its peak, Pet Planet, based in Livingston, operated profitably and had revenues of £12 million as it offered customers a variety of products ranging from premium food to litter and toys. However, despite being in business since 1999, the firm collapsed on March 31, with administrators officially called in on Friday. James Stephen and…
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Orix plans absorption-type split and liquidation of Tsukuba Lease subsidiary Investing.com Australia Read the original article here
Jingrui in Liquidation Weighs Restructuring as China Units Operate Normally TipRanks Read the original article here
Alex Shorthose paid himself almost £400,000 across two companies while paying HM Revenue and Customs (HMRC) just £5,368 Both companies were shut down in 2024 after running up combined debts of more than £300,000 in unpaid VAT and PAYE Shorthose has been banned as a company director until April 2032 following investigations by the Insolvency…