Insolvency Guardian Media Centre
In its annual list of Asias Top Offshore Litigators, ALB highlights top disputes practitioners working with offshore law firms, who have successfully handled significant cases and exceeded client expectations in the process. The full list is in alphabetical order, and a few lawyers have been profiled here.
|
JOANNE COLLETT STUART DADDONA AISLING DWYER ROBERT FOOTE NORMAN HAU PAULA KAY JEREMY LIGHTFOOT ANNA LIN VICKY LORD IAN MANN CALLUM MCNEIL JAMES NOBLE OLIVER PAYNE NICOLA ROBERTS JOHN TREHEY |
Jeremy Lightfoot, partner, Carey Olsen, Hong Kong
Lightfoot is the head of the litigation, insolvency and restruct…
Read the full article at: http://au.legalbusinessonline.com/features/alb-asias-top-15-offshore-litigators
The Insolvency and Bankruptcy Code (IBC) was enacted to ensure a cultural transformation in the insolvency and bankruptcy landscape. It established a new architecture for insolvency resolution and liquidation. Strict timelines were introduced and a code for judicial restraint was built into the law at every step of the process. It also established the Insolvency and Bankruptcy Board of India (IBBI) as an independent regulator. There was a belief that the IBC would revolutionize the insolvency and bankruptcy regime in India; after completing five years, the jury is still out on whether IBC did succeed in achieving its objectives.
In many ways, the IBC made a good beginning. It created new classes of professionals who were unrestrained…
Read the full article at: https://www.livemint.com/money/personal-finance/rera-better-suits-homebuyers-than-ibc-to-solve-issues-11630339839627.html
Media connections and analysis company, Medianet /Mediaverse is restructuring the business to rationalise the management structure of the two operations.
As a result Michael OConnell, managing director of Medianet and Mediaverse, and Sarah Higgins, general manager of Medianet will leave the business. The restructure is aimed to take an increasingly product and technology-enabled approach.
Amrita Sidhu, director of media intelligence, Medianet and Mediaverse will replace OConnell and Higgins
To replace OConnell and Higgins, Medianet/Mediaverse has appointed Amrita Sidhu as director of media intelligence, she will commence her new role on Monday 6 September.
ADVERTISEMENT
CEO of Medianet/Mediaverses parent company Mediality, Bruce Dav…
Read the full article at: https://mumbrella.com.au/medianet-mediaverse-restructure-see-2-senior-exits-and-a-new-appointment-700717
CavinKare indicated that the business will be split into mainly four different streams – FMCG, ecommerce, retail and research and development.
Topics
CavinKare|FMCG|ecommerce
Shine Jacob | Chennai
Last Updated at August 30, 2021 19:03 IST
In a first step towards succession plan, Chennai-based fast-moving consumer goods (FMCG) major CavinKare on Monday announced the restructuring of its businesses and also roped in the generation next giving charges of separate business verticals.
Announcing the restructuring on Monday, CK Ranganathan, chairman and managing director of CavinKare indicated that the business will be split into mainly four different streams FMCG, ecommerce, retail and research and development. The transformation t…
Read the full article at: https://www.business-standard.com/article/companies/cavinkare-announces-business-restructuring-ropes-in-gen-next-121083000961_1.html
To prevent crops from going to waste, the Dutch bankrupt greenhouse company Eden Tech was allowed to continue operating for a few more months. Now the trustee investigates a relaunch.
For several years, the Eden Tech team has been working on their technology to grow crops in the most efficient way possible, minimizing the use of water and nutrients. “Dosing water and nutrients in such a way that nothing is lost and the optimum result is achieved,” they explained earlier. The initiators worked on an installation to grow crops themselves in an ecologically responsible way. That cultivation process was automated, an app was developed that could remotely control the administration of food, water and the provision of the right equipment.
Yet…
Read the full article at: https://www.hortidaily.com/article/9349889/not-possible-to-market-our-vertically-grown-vegetables-in-a-financially-attractive-way/
Mumbai (Maharashtra) [India], August 30 (ANI): Barely one per cent of eligible companies in the portfolio of Crisil Ratings have opted for or are contemplating the debt restructuring facility offered by the Reserve Bank of India (RBI) under its resolution framework 2.0, a survey of 4,700 companies shows.
As much as 95 per cent of those opting for or are inclined to seek restructuring belong to the sub-investment grade rating category. Put another way, investment-grade rated corporates are showing high resilience.In particular, most of the micro and small enterprises in India are unrated.The RBI announced the scheme on May 5 for borrowers including individuals, small businesses, and micro, small and medium enterprises (MSMEs) with aggreg…
Read the full article at: https://www.bignewsnetwork.com/news/270936536/few-takers-for-restructuring-20-amid-demand-recovery
Mumbai, Aug 30 (UNI) Aashit Shah, Partner, J Sagar Associates, has said that infrastructure regulators and Securities and Exchange Board of India (SEBI) would need to work in tandem for a successful insolvency resolution of an INvit which may involve a change in the sponsor, investment manager or trustee or transfer of an infrastructure asset.
In a statement, he said, Invits either acquire a project directly or acquire the shares of the project company. In the latter case, recourse to the IBC will be available where the lending is to the project company. However, in a situation where there is direct lending at the Invit for either acquisition funding, capital expenditure or promoter contribution, the lenders currently do not have recourse…
Read the full article at: http://www.uniindia.com/infra-regulators-sebi-need-to-work-in-tandem-for-successful-insolvency-resolution-of-invit-aashit-shah/business-economy/news/2491125.html
In a bid to increase transparency in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI has proposed amendments to the regulations
Topics
IBBI|IBC|liquidation
IANS | New Delhi
Last Updated at August 30, 2021 13:30 IST
In a bid to increase transperancy in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI has proposed amendments to the regulations.
In a discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) noted that the regulatory framework of liquidation process has been improvised on several occasions during the last five years to address the difficulties faced by stakeholders, meet the evolving requirements and in aid of achievement of objectives of the Code….
Read the full article at: https://www.business-standard.com/article/economy-policy/ibbi-proposes-amendments-in-liquidation-norms-to-increase-transperancy-121083000506_1.html
Jakarta. Flow, an AI-enabled ethical credit management company, seeks to empower Indonesian borrowers to better manage their debt with a new self-service portal, dubbedFlowCares.
Indonesia is home to one of the worlds most unbanked populations, especially in rural areas. Its financial literacy is also of great concern. A 2019 nationwide survey by the Financial Services Authority (OJK) revealed that Indonesias financial literacy index stood at 38.03 percent, whereas the financial inclusion index was 76.19 percent.
At the same time, people now have better access to financial services, thanks to digitalization, emerging buy-now-pay-later e-commerce players, and peer-to-peer (P2P) lending platforms, among others. According to CEIC data, hou…
Read the full article at: https://jakartaglobe.id/special-updates/flowcares-empowers-borrowers-for-better-debt-management
MUMBAI: The Insolvency and Bankruptcy Board of India (IBBI) has proposed major changes in the insolvency process to bring more discipline and transparency and to address issues that have come up in recent cases.
The IBBI, which regulates both insolvency professionals and the process, has sought public views on amendments by September 17.
A key development is the introduction of a code of conduct for the committee of creditors (CoC) proposed by a parliamentary standing committee headed by Jayant Sinha.
The 31-point code of conduct, among other things, requires creditors to disclose any conflict of interest, maintain full confidentiality and not try to adjust funds of the corporate debtor against their dues during the resolution process. Howe…
Read the full article at: https://timesofindia.indiatimes.com/business/india-business/insolvency-board-seeks-fairer-quicker-process/articleshow/85751464.cms
DUBAI (Reuters) – Dubai state-owned property developer Limitless is set to reach an agreement with creditors over some $760 million of troubled debt, documents seen by Reuters showed – its third restructuring in a decade.
Limitless, along with Nakheel, was among the biggest casualties of Dubais property crash and the subsequent debt crisis that began in 2009.
It plans to enter into a lock-up agreement – a precursor to a long form term sheet and definitive documentation – with an ad-hoc group of creditors by the end of this month and with rema…
Read the full article at: https://www.reuters.com/article/emirates-limitless-debt/dubai-developer-limitless-set-to-agree-third-debt-restructuring-deal-idUSL8N2Q002U
Hugh Fearnley-Whittingstalls television production company has collapsed, leaving behind millions of pounds of debts.
The River Cottage chef co-founded the award-winning KEO Films in 1995, which has made popular programmes such as Hughs War on Waste and Easy Ways to Live Well. The company describes itself as having a strong ethical brand reputation and has produced a series of programmes campaigning for social change.
This summer the business was sold to a rival in a pre-pack administration deal after declaring itself insolvent. Creditors, many of them owed substantial sums, now face being left substantially out of pocket.
Insolvency documents show that the directors of KEO Films, including Fearnley-Whittingstall, paid themselves 4 mill…
Read the full article at: https://www.irishtimes.com/culture/tv-radio-web/river-cottage-chef-s-tv-production-company-sold-off-after-going-bust-1.4656863