There is no retrospective relief for a company director's liability for insolvent trading, after the extension expires.
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.
Corrs Chambers Westgarth
The companies were reinstated to allow proceedings against the liquidator of those companies for alleged breach of duty.
The legislation will amend Australia's insolvency framework to streamline the restructuring process for small business.
Bennett Jones LLP
The Court of Appeal for Ontario's decision in Dal Bianco v Deem Management Services Limited, 2020 ONCA 585 [Dal Bianco] is the most recent pronouncement on resolving procedural ...
Osler, Hoskin & Harcourt LLP
In Chandos Construction Ltd. v Deloitte Restructuring Inc., the Supreme Court of Canada confirmed the application of the common law anti-deprivation rule in the context of a Bankruptcy and Insolvency Act (BIA) proceeding.
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'.
Cleary Gottlieb Steen & Hamilton LLP
In response to the financial difficulties many companies were facing due to the lockdown earlier this year in the wake of the COVID-19 pandemic...
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")...
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 ...
The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020...
S.S. Rana & Co. Advocates
In a recent case, the National Company Law Appellate Tribunal ("NCLAT"), vide its ruling dated May 22, 2020 upheld the order passed by respective National Company...
Beale & Co
Our regular round up of the cases of most interest to construction comes from Andrew Croft and Ben Spannuth of Beale & Company Solicitors LLP, focusing on one that highlights