Fulltext Search
ERGO Analysing Development Impacting Business: IBBI Amends the CIRP Regulations to Align them with Longstanding Stakeholder Demands

Introduction

The Insolvency and Bankruptcy Board of India (IBBI) on 16 September 2022 promulgated the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2022 (CIRP Amendment Regulations) amending the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations).  

The key amendments introduced by the CIRP Amendment Regulations are as follows: 

India, Insolvency & Restructuring, Litigation, Khaitan & Co, Supply chain, Fourth Amendment, Insolvency, Insolvency and Bankruptcy Code (India)
ERGO Analysing Development Impacting Business: IBBI’s Attempt to Formalise the Fee Structure for Resolution Professionals

Introduction

India, Insolvency & Restructuring, Khaitan & Co, Insolvency
Termination of Cayman vehicles - advance planning to minimise 2020 fees

Do you have Cayman vehicles that you are considering terminating?

If so, you should consider initiating the process now to minimise or eliminate 2020 annual fees. This note contemplates corporate vehicles but similar considerations apply to partnerships.

Termination by voluntary liquidation

Cayman Islands, Insolvency & Restructuring, Private Client & Offshore Services, Securitization & Structured Finance, Ogier, Cayman Islands Monetary Authority