Aurelio Gurrea-Martínez is an Associate Professor of Law and Head of the Singapore Global Restructuring Initiative at the Singapore Management University Yong Pung How School of Law. His research interests lie at the intersection of law and finance, with particular emphasis on corporate governance, financial regulation and corporate insolvency law, and how legal and institutional reforms may promote entrepreneurship, innovation, access to finance and economic growth. He has taught, studied or conducted research at several institutions in the United States, the United Kingdom, Continental Europe, Asia-Pacific, Latin America and the Middle East, including the University of Oxford, Cambridge University, Harvard Law School, Columbia…

The Bombay High Court held that the moratorium provision under Section 14 of the Insolvency and Bankruptcy Code, 2016 applies only to the Corporate Debtor and the natural persons are liable under Chapter XVII of the Negotiable Instruments Act, 1881 (NI Act).

The Nagpur Bench held thus in a batch of Criminal Applications seeking to quash the criminal cases filed under Section 138 read with 141 of the NI Act.

A Single Bench of Justice Urmila Joshi-Phalke observed, “In para No.77 of the judgment, in the case of P.Mohanraj vs. M/s.Shah Ispat Private Limited supra, the Hon’ble Apex Court observed that for the period of moratorium, since no Section 138/141 proceeding can continue or be initiated against the corporate debtor because of…

(InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst thing you can do is panic or pay right away. Before taking action, it’s important to validate the debt and understand your legal rights.

Leslie Tayne, a veteran debt relief attorney, said one of the most common mistakes people make is avoiding debt collection calls altogether.

“Don’t be afraid to say, who are you? Where are you calling from and what is the purpose of the call?” Tayne advised. “If you’re still unsure whether they’re asking you for personal information to verify certain details, you can ask them for a phone number. You can look them up yourself online. Do a little independent…

Jovian, once a household name in Malaysian and Indonesian fashion circles, was declared bankrupt by the Kuala Lumpur High Court on Thursday for failing to repay a US$1.25 million loan to an engineering firm.

Now 39, Jovian gained local prominence in part through his marriage to Ismail Sabri’s daughter, Nina. The couple divorced in August…

Colombia is exploring the possibility of issuing loans denominated in Swiss francs—an unconventional and bold financial move as part of its ongoing efforts to manage the rising costs of its public debt.

The strategy aims to take advantage of the relatively low interest rates typically associated with the Swiss currency to refinance more expensive existing debt, particularly that issued in pesos and U.S. dollars.

Javier Cuellar, director of public credit at Colombia’s Ministry of Finance, confirmed that the government is negotiating loans of…

When Adelaide Designer Homes was placed into liquidation last month electrician Ralph Czabayski was one of more than 80 creditors left out of pocket.

It also left 20 home owners like Joanna and Henry Clough without a completed home.

They’re now living in their friend’s tiny spare room and are expecting a baby next month.

Mr Czabayski is $80,000 out of pocket. It’s a staggering figure but for him it’s just the cost of doing business.

His family has owned Star Electrical for more than 40 years and he told 7.30 Adelaide Designer Homes is the seventh builder who’s owed him money to have collapsed over the past 15 years.

“No-one likes to lose…

EUROPE: Retrack Slovakia and Retrack Czech have filed for insolvency. Parent company VTG said persistent challenges in the Eastern European traction market made a sustainable recovery impossible, despite its restructuring efforts and financial support.

Retrack Slovakia was founded as Carbo Rail in 2016 through the merger of Carbosped and Rail Sped. VTG Rail Logistics acquired a majority stake in 2020, and integrated it into its Retrack freight business under the name Retrack Slovakia.

Following a decline in the revenues in H2 2024, minority shareholder Rail Services Slovakia decided in January to sell its 40% stake to VTG.

On June 30 VTG said it had subsequently entered into ‘intensive discussions’ with the Retrack…

TOKYO – A record number of ramen noodle eatery operators in Japan went out of business in 2024, according to a research firm, as the food’s reputation for affordability limits room to raise prices amid soaring ingredient and utility costs.

Also hit by climbing personnel expenses due to labor shortages, insolvencies among ramen business operators resulting in liabilities of at least 10 million yen ($63,000) in 2024 jumped over 30 percent to 72, up from 53 in 2023, Teikoku Databank Ltd. said.

Japanese ramen soup noodles typically combine meat and vegetable toppings with broth. Despite rising costs, the average price of a bowl of ramen is still under 700 yen, according to Teikoku Databank. A popular lunchtime…

Last year, fashion designer Datuk Jovian Mandagie was ordered by the High Court in Kuala Lumpur to pay RM10 million to two companies after failing to repay two “friendly loans” of RM5 million each. Prior to this, the business owner had announced that his brand, along with its parent company, Jovian Mandagie Group Sdn Bhd, would cease operations after 17 years.

The public figure filed an appeal against the High Court’s decision, but there had been no updates on the case until very recently. It has now been reported that the once-successful entrepreneur has been declared bankrupt. Here’s the story:

For context, it was revealed last year that Datuk Jovian had verbally requested…

Sanctions Slow Down Biggest Liquidation in Ireland

The €4 billion liquidation of two major Irish-based companies has hit a roadblock due to international sanctions. These companies, GTLK Europe and GTLK Europe Capital, were owned by a Russian state-controlled parent company. After Russia’s invasion of Ukraine, sanctions were imposed by governments around the world — including the United States.

In 2023, an Irish court ordered both companies to be shut down after they failed to repay debts. Creditors were owed nearly $180 million, and bondholders had claims on more than $3.25 billion worth of issued bonds. That made this case the largest corporate liquidation ever in Ireland.

The two companies controlled a large number of…