For most businesses, a decision to undertake an organisational change can mean a reduction in operational costs, a reduction in roles, an increase in efficiencies and streamlined decision-making. However, the announcement of a restructure can often leave staff of all levels feeling tense and uncertain. Effectively navigating organisational change is not something that happens by chance, it requires a clear plan, effective communication and a recognition of risks.
This article will help employers plan for organisational change, identify risks and manage communication.
New Zealand needs to consider promoting passive overseas investment in developed assets. We are pleased to see that the New Zealand Government has signalled changes to allow for foreign investment in established build-to-rent developments (while still retaining the residential restrictions more generally).
I dagarna har konkursen i Componenta Främmestad AB avslutats. Bolaget försattes i konkurs under hösten 2019 varvid Jonas Premfors utsågs till konkursförvaltare.
Bolaget har haft en årsomsättning om ca 800 mkr och utgjort ett dotterbolag inom den finska börsnoterade Componenta-koncernen. Verksamheten har bestått i tillverkning av chassikomponenter till den tunga fordonsindustrin med kunder i ett antal europeiska länder samt i Australien och Sydamerika.
Introduction
Two shareholders of KBBO have obtained recognition in the English High Court of their Abu Dhabi bankruptcy process.
１．背景
2020年5月より「会社更生及び破産法（以下、改正破産法）」が施行されています（詳細は2020年6月5日付のニュースレターをご参照ください）。管財人に関しては、改正破産法の第32条から第36条に規定がありますが、管財人に対する職業訓練、報酬、責務に関するより詳細な規定と財産管理サービスを提供する事業者（以下、「管財人サービス会社」）に関する新たな規定を加えた「管財人及び管財人サービス会社に関する司法省大臣合意（No329）（以下、「合意」）」が2024年3月18日付で発行されました。合意は、2024年5月1日から有効となります（合意第28条）。
２．管財人の基準と条件
日本の場合、破産管財人は弁護士である必要がありますが、ラオスの場合、以下の基準と条件を満たすことで管財人となることが可能です（合意第4条）。
（１）法律、会計、監査又は学士以上経営学を習得し、少なくとも3年の実務経験があること
（２）管財人になるための職業訓練を受講すること
Junior debt – sometimes referred to as subordinated debt, occasionally talked about as mezzanine debt – is referred to as such because it ranks behind other, more senior, debt owing by the same borrower. Junior creditors can come in many different shapes and sizes and can include shareholder lenders and specialist debt investors or funds.
Russell Crumpler & Christopher Farmer (as Joint Liquidators of Three Arrows Capital Ltd (in Liquidation)) v Three Arrows Capital Ltd (in Liquidation) and BVIHC (Com) 2022/0119 (unreported 26 July 2023)
The real estate industry forms a significant portion of the flourishing Indian economy. However, it is also plagued with inordinate delays, cash-flow issues and anguished homebuyers. The Insolvency and Bankruptcy Board of India (“IBBI”) has recently added to the array of steps being taken to address these issues.
Occasionally an invoice slips through the net and does not get paid, or payment is delayed due to issues with the goods or services being provided.
Where the debt is for £750 or more, an impatient creditor may serve a statutory demand or a winding up petition if it considers there to be no reason for the delay.
If this happens, deal with the situation immediately as the consequences of failing to do so can be very damaging to the company's reputation and finances; even if it is not ultimately wound up.
Unless you’ve been living under a rock, you’ll know that commodity prices are in the doldrums and that the outlook in the near term is not particularly positive. How should Boards prepare? Combine that with current inflation, interest rate and other cost of living pressures that continue to dominate public discourse and you can understand why many Boards and executives in the resources sector are having some sleepless nights. FY24 is also on track to have more insolvencies than FY23. By December FY24 insolvency activity was up 33.79% on the same time in FY23.