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    LEXIA Insight: impatti del Correttivo-ter al Codice della Crisi - Il Concordato Semplificato, gli Accordi di ristrutturazione dei debiti e la Transazione fiscale
    2024-11-27

    Il 27 settembre 2024 è stato pubblicato in Gazzetta Ufficiale il D.Lgs. 13 settembre 2024, n. 136 (“Correttivo-ter”), è il terzo – e attualmente ultimo – Decreto Correttivo al Codice della Crisi d’Impresa e dell’Insolvenza. Il novello decreto correttivo ha apportato modificazioni sostanziali a numerosi istituti del Codice della Crisi.

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, LEXIA Avvocati, Insolvency
    Authors:
    Cristian Fischetti , Matteo Stroppa
    Location:
    Italy
    Firm:
    LEXIA Avvocati
    LEXIA Insight: impacts of the Correttivo-ter on the Crisis Code - simplified composition, debt restructuring agreements, and tax settlement
    2024-11-27

    On September 27, 2024, Legislative Decree No. 136 of September 13, 2024 (“Correttivo-ter”) was published in the Official Gazette. This represents the third—and currently final—Corrective Decree to the Business Crisis and Insolvency Code. The new corrective decree has introduced substantial amendments to several provisions of the Crisis Code. Beyond minor stylistic and detailed adjustments, the Correttivo-ter both incorporates certain practices or clarifies interpretive uncertainties and introduces some highly anticipated innovations for practitioners.

    Filed under:
    Italy, Insolvency & Restructuring, Litigation, LEXIA Avvocati, Insolvency
    Authors:
    Cristian Fischetti , Matteo Stroppa
    Location:
    Italy
    Firm:
    LEXIA Avvocati
    Ashurst Restructuring Roundup
    2024-11-26

    Deeds of Company Arrangement – Insured Claims

    Destination Brisbane Consortium Integrated Resort Operations Pty Ltd as Trustee v PCA (Qld) Pty Ltd (subject to a Deed of Company Arrangement) [2024] QSC 178 ("Destination Brisbane")

    In Destination Brisbane two questions, which concerned the entitlements of insured creditors under a DoCA, arose for consideration in the context of an application for judicial advice:

    Filed under:
    Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Ashurst
    Authors:
    Richard Fisher , Alinta Kemeny , Bernie Walrut , Camilla Clemente , Emanuel Poulos , James Marshall , Jason Salman , Michael Sloan , Ross McClymont , Richard Johnson
    Location:
    Australia
    Firm:
    Ashurst
    IBBI Proposes to Make Monitoring Committees Mandatory
    2024-11-22

    The Insolvency & Bankruptcy Board of India (IBBI) has sought comments on the proposed amendment to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2024, to make the constitution of a monitoring committee mandatory for the smooth implementation of the resolution plan.

    Filed under:
    India, Insolvency & Restructuring, Litigation, Fox Mandal, Insolvency, Insolvency and Bankruptcy Board of India
    Location:
    India
    Firm:
    Fox Mandal
    Facing Insolvency? Here's What You Need to Know ?
    2024-11-21

    Introduction

    Insolvency is a financial state that can affect both individuals and businesses, signifying an inability to meet debt obligations. While it’s a challenging situation, addressing insolvency proactively can prevent further complications and set the stage for recovery. This guide provides actionable insights to navigate insolvency effectively, offering a lifeline when you need it most.

    Key Causes of Insolvency

    For Individuals

    Filed under:
    Global, Insolvency & Restructuring, Al Mazrouei Advocates, Bankruptcy, Insolvency
    Location:
    Global
    Firm:
    Al Mazrouei Advocates
    Merchant Cash Advance Lender: A Defendant In Bankruptcy (In re Bridger)
    2024-11-21

    The opinion is Samson v. The LCF Group, Inc. (In re Bridger Steele, Inc.), Adv. No. 2:24-ap-2003 in the Montana Bankruptcy Court (decided September 30, 2024; Doc. 10).

    Background

    Debtor is a fabricator and seller of metal roofing and siding products.

    Filed under:
    USA, Nebraska, Insolvency & Restructuring, Litigation, Koley Jessen PC, Bankruptcy, United States bankruptcy court
    Authors:
    Donald L. Swanson
    Location:
    USA
    Firm:
    Koley Jessen PC
    From Rescue to Ruin: The Supreme Court’s Judgment in Jet Airways and the Future of Airline Insolvencies
    2024-11-21

    Introduction

    On November 07, 2024, the Supreme Court of India (“Court”) in its judgment in State Bank of India & Ors. vs. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr.,[1] directed the liquidation of Jet Airways (India) Limited (“Jet”), bringing an end to the five-year long saga of efforts to revive the beleaguered airline.

    Filed under:
    India, Aviation, Insolvency & Restructuring, Litigation, S&R Associates, Civil aviation, Jet Airways, Insolvency and Bankruptcy Board of India, State Bank of India, Insolvency and Bankruptcy Code (India), Supreme Court of India, National Company Law Tribunal, Transport
    Authors:
    Aparna Ravi , K J Chendhil Kumar
    Location:
    India
    Firm:
    S&R Associates
    Your Complete Guide to the Insolvency Process
    2024-11-21

    Introduction

    The insolvency process is a structured approach to resolving financial distress for individuals and businesses. Understanding this process is critical for making informed decisions and recovering from insolvency. This guide offers a detailed roadmap to navigate the complexities of insolvency and regain financial stability.

    Recognizing Financial Warning Signs

    Insolvency doesn’t happen overnight—it develops over time. Early detection of financial trouble can help avoid severe consequences.

    Filed under:
    Global, Insolvency & Restructuring, Al Mazrouei Advocates, Bankruptcy, Insolvency
    Location:
    Global
    Firm:
    Al Mazrouei Advocates
    مواجهة الإفلاس؟ إليك ما تحتاج إلى معرفته
    2024-11-21

    المقدمة

    الإفلاس هو حالة مالية قد تواجه الأفراد أو الشركات عندما تصبح الديون أكثر من القدرة على السداد. يمكن أن تكون هذه الحالة مرهقة، ولكن فهم الإفلاس والتصرف مبكرًا يمكن أن يساعد في تجنب المزيد من التعقيدات المالية. في هذا المقال، نقدم لك دليلًا شاملًا للتعامل مع الإفلاس بفعالية.

    الأسباب الرئيسية للإفلاس

    للأفراد

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Al Mazrouei Advocates, Bankruptcy
    Location:
    United Arab Emirates
    Firm:
    Al Mazrouei Advocates
    Mitigating the increased risk of insolvency in the construction industry
    2024-11-21

    The UK construction sector is experiencing an increasing rate of insolvency, with recent data revealing that construction firms accounted for 17.4% of all insolvencies in England and Wales in August 2024. Over the past year, the total number of construction firms becoming insolvent has increased by 2.1%.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Irwin Mitchell LLP
    Authors:
    Victoria Kempthorne , Joanna Preece
    Location:
    United Kingdom
    Firm:
    Irwin Mitchell LLP

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