Background
Insolvency and Bankruptcy Board of India (IBBI) on 22nd December 2025, amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations (CIRP Regulations) to introduce sub-regulation 3A to existing regulation 38 (Amendment).
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In Victor Saw Seng Kee ((as joint liquidator of London Biscuits Bhd) (In liquidation)) v Wong Weng Foo & Co & Anor and other appeals [2025] MLJU 3886, the Federal Court made several significant rulings in relation to the exercise of powers by joint liquidators, appointment and removal of liquidators and in particular, the priority of termination benefits paid to employees retained by the liquidator to carry on the business of the company post-liquidation with the sanction of the Court, inter se unsecured debts of the company.
23 декабря 2025 года Пленум Верховного Суда РФ принял постановление № 41 "Об установлении в процедурах банкротства требований контролирующих должника лиц и аффилированных лиц должника"[1] (далее – "Постановление").
On 23 December 2025 the Plenary Session of the Russian Supreme Court issued Judgment No. 41 “On Establishing the Claims of the Controlling Persons of a Debtor and the Affiliates of the Debtor during Bankruptcy Proceedings"[1] (hereinafter the "Judgment").
For what comes next tlt.com Disputes Outlook 2026 Insolvency TLT TLT Disputes Outlook 2026 Disputes Outlook 2026 Contents 2 Contents Live issues Expanded claims against directors of insolvent companies 3 Creditor challenges outside of formal insolvency 3 Increased regulation in the private rented sector 4 Emerging trends Insolvency proceedings as a method of debt recovery 5 Contested winding up and bankruptcy petitions 5 Mid-market restructuring plans 6 Spot the risks. Plan ahead. Resolve with confidence. Disputes aren’t always avoidable, but being prepared can make all the difference.
ARBITRATION
Date: 09 December, 2025
Case Name: Hindustan Petroleum Corporation Ltd. v. BCL Secure Premises Pvt. Ltd. Civil Appeal No. 14647 of 2025
Forum: Supreme Court
Mass torts and resulting litigation are a reality of life in these United States.
But one of the truly shocking things about mass tort litigation, in recent times, is this:
- judicial delays override the wishes of mass tort victims for prompt payment of negotiated amounts.
A current example of such delays is the Boy Scouts confirmed bankruptcy plan.
Chronology
Here is a short Chronology of the Boy Scouts bankruptcy plan—and the lapse of more than three years since confirmation without a final resolution:
When a professional corporation operates with equipment owned personally by its director, how do secured creditors assert priority over proceeds from a receivership sale?
On 11 December 2025, the National Assembly adopted the Law on Rehabilitation and Bankruptcy ("New Rehabilitation and Bankruptcy Law"), which will supersede the current Law on Bankruptcy enacted in 2014 ("Bankruptcy Law 2014"). The New Rehabilitation and Bankruptcy Law will take effect on 1 March 2026, except for Article 38.3, which addresses the obligations of the tax authority in filing a bankruptcy petition; this provision will take effect on 1 July 2026.