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.
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.
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:
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.
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
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.
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.
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.
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
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%.