There is no retrospective relief for a company director's liability for insolvent trading, after the extension expires.
Australian law and our legal system have been incredibly progressive in facing the challenges of COVID-19.
Coleman Greig Lawyers
To recover outstanding debts, creditors can still enforce claims against companies or individuals through the courts.
Directors must start planning now to avoid trading whilst insolvent when temporary relief ends on 31 December 2020.
The first article of an eight-part series on dealing with unfair preferences provides an overview of the basics.
You are invited to join our upcoming webinar on insolvency law reforms and the removal of the temporary "Safe Harbour".
The temporary protections do not alter a creditor's ability to seek and obtain a Court judgment for the payment of debts.
The aviation industry has been severely impacted by the COVID-19 pandemic.
Crowe MacKay LLP
A few weeks ago, the French Citizen's Climate Convention proposed to introduce a weight penalty that would affect the heaviest vehicles
Borden Ladner Gervais LLP
This is part three of a series focusing on current M&A trends, opportunities and challenges.
The Arrangement of Nemaska Lithium Inc. is the first reverse vesting order (RVO) to be granted under the Companies' Creditors Arrangement Act (CCAA) after a contested hearing.
Stikeman Elliott LLP
In response to the COVID-19 outbreak, Courts across Canada have weighed the seriousness of the situation and the importance of prioritizing the health and safety ...
Restructuring & Insolvency Comparative Guide for the jurisdiction of Cayman Islands, check out our comparative guides section to compare across multiple countries
The closest Chinese equivalent to the English idiom of ‘sticking one's head in the sand' is ‘covering one's ears to steal bells'.
Directors of Hong Kong companies under cashflow pressure or financial distress should be aware that as their companies approach insolvency...
A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People's Republic of China ('PRC')...
In an important decision passed recently , the National Company Law Appellate Tribunal ("NCLAT") while endorsing the decision of National Company Law Tribunal, New Delhi Bench ("NCLT")...
Khaitan & Co
Recently, the Hon'ble National Company Law Appellate Tribunal has passed an order reiterating that once a resolution plan is approved by the Committee of Creditors (CoC)...
With the current economic slowdown triggered by COVID-19, businesses now face an uphill battle to generate free
cash flow to timely service their debts.
VGC Law Firm
Recently, the Appellate Authority (NCLAT) in the matter of Laxmi Pat Surana v. Union Bank of India & Ors. has held that an application under Insolvency and Bankruptcy Code, 2016 (‘I&B Code') is ...