Running a business involves taking risks in order to continue to scale new grounds. Sometimes, these risks may not be successful, leading to debts. Even without risks, debts may be incurred as a result of not being able to generate profits due to the changing market trends. Thus, loss in business and falling into debts are a common and universal factor in the business world.
Sanctions regulations won't prevent administration orders but may affect timings and require undertakings
On July 31, 2024, the Supreme Court of Canada provided clarity regarding the treatment of administrative monetary penalties and disgorgement orders resulting from securities violations in Poonian v. British Columbia (Securities Commission).
1 SOLVENCY II 1.1 First batch of EIOPA consultations on technical standards under expected amendments to Solvency II Directive On 1 October 2024, EIOPA published its first batch of consultation papers on technical standards which relate to anticipated changes under the Solvency II Directive1.
Owners and directors of small and medium-sized businesses and start-ups are often required to sign personal guarantees in order to secure funding.
Should you face corporate insolvency a personal guarantee can put all of your personal assets at risk, including your family home, so you should always take independent legal advice before signing one to ensure that you understand your liability and the extent of the risk involved.
Why you might be asked to sign a personal guarantee
Am 1. Januar 2025 ist das Bundesgesetz über die Bekämpfung des missbräuchlichen Konkurses in Kraft getreten. Das Bundesgesetz hat auch zu Anpassungen verschiedener Gesetze, darunter des Obligationenrechts und der Handelsregisterverordnung geführt. Nachstehend werden die wichtigsten Änderungen des Obligationenrechts und der Handelsregisterverordnung zusammengefasst.
Änderungen beim Opting-Out
New rules in the UK allow Companies House to share non-public information with insolvency officeholders and the Official Receiver.
While in many cases there may be limited non-public information available from Companies House that will be useful to insolvency officeholders, this is another tool available to deploy in appropriate cases. It is specifically envisaged to assist officeholders pursuing claims for fraudulent and wrongful trading, transactions at an undervalue and preferences.
※ 本ニューズレターは、2025 年 1 月 10 日現在の情報に基づいています。
2024 年 10 月 31 日に、Directorate of Investment and Company Administration（投資企業管理局、 DICA）から、insolvency practitioner（「倒産実務家」）の登録フォーム及び費用に関する従前の告示（Notification No.95/2020、「旧告示」）を失効させる旨の告示（Notification No. 177/2024、「本告示」）が公布され、本告示の内容が 2024 年 11 月 29 日付官報に掲載されましたので、その概要をお伝えします。
Introduction
Dissolution of a company can take place in several ways in the Netherlands. One of these options is turboliquidation, a procedure described in Article 2:19 paragraph 4 of the Dutch Civil Code (BW). The essence of this is that at the time of the dissolution decision, there must no longer be any assets present in the company.
Market overview