Late payment rarely starts as a legal problem. It starts as a delay, then a promise, then silence. By the time many businesses look for a debt recovery lawyer UAE creditors can rely on, the real damage is already spreading through cash flow, supplier pressure, internal stress, and the growing risk that recovery becomes harder with every passing week.
April 07, 2026 The Insolvency and Bankruptcy Code (Amendment) Act, 2026 The Amendment Bill has now been approved by the Parliament post the report of the Select Committee as the Insolvency and Bankruptcy Code (Amendment) Act, 2026 (Act). Once in effect, the Act makes significant amendments to the Insolvency and Bankruptcy Code, 2016 (IBC) introducing several new concepts and tweaking existing concepts in light of difficulties faced to make the IBC more efficient. This note sets out a summary of the key changes. A. Corporate Insolvency 1.
In March 2025 ICC Judge Greenwood gave judgment ([2025] EWHC 597 (Ch)) on two applications of the trustees in bankruptcy of Biraja Pada Bhattacharya and his wife, Susmita Bhattacharya, which resulted in a declaration that the trustees were legally and beneficially entitled to a freehold property, 100 Redcliffe Gardens, London SW10 9HH, which prior to their bankruptcies had been jointly owned by the bankrupts, and ordered the property to be sold with vacant possession, the net proceeds of sale to be paid to the trustees.
The La Perla case represents one of the first real tests of cross-border insolvency between Italy and the United Kingdom in the post-Brexit landscape. The well-known lingerie brand, founded in Bologna in 1954, became embroiled in a complex corporate crisis that culminated in November 2023 with the opening of compulsory liquidation proceedings before the High Court in London against La Perla Global Management (UK) Limited (LPGMUK).
The High Court has dismissed an application to set aside a statutory demand, providing helpful guidance on the high bar debtors must meet to establish a “genuine and substantial dispute” in insolvency proceedings, particularly where challenges are based on default interest, alleged oral representations and Consumer Credit Act 1974 (“CCA 1974”) arguments.
Background
Summary
It has been a while since we have had any cases challenging the fairness of a CVA, but in this recent Scottish decision where HMRC challenged the approval of Petrofac’s CVA on the basis of fairness, the court was required to consider HMRC’s contention that the CVA unfairly prejudiced its interests.
Introduction
When a company goes into insolvent liquidation, maximising recovery for the company’s legitimate creditors takes highest priority.
In order to better protect the interests of creditors, Singapore law has long recognised that a company in liquidation should be protected from frivolous lawsuits, in order to ensure that the liquidation process is carried out smoothly and efficiently without incurring additional costs depleting the company’s asset pool. This protection comes in two ways:
はじめに
会社の破産手続が開始されると、会社の正当な債権者のための回収の最大化が最重要の法益となる。
会社の資産を枯渇させるような追加費用の発生を回避して清算処理を円滑かつ効率的なものにすることにより債権者の利益保護を図る趣旨で、シンガポール法においては、清算処理中の会社を濫用的な訴訟から保護すべきであると長い間認識されてきた。かかる保護は、2つの方法で行われている：
- 2018年倒産・再生・清算法（以下「IRDA」という。）の規定に基づき、裁判所の許可がない限り、清算処理中の会社に対して法的手続を開始することはできない。
- 裁判所の許可がない限り、会社のliquidator、すなわち当該会社の清算処理を行う管財人や清算人に対して、いかなる法的手続も提起できない。これは判例法に定められたコモンロー上の原則である。
この点、会社の清算処理を進める過程で、管財人や清算人が第三者と個別契約を締結する必要が生じることがある。その場合、そのような個別契約から生じる訴訟手続も裁判所の保護の対象となるかどうかが問題となる。
In Thailand, the intersection of corporate insolvency and director liability raises critical questions for company leaders. While the law does not impose a duty on directors to commence formal insolvency proceedings, it does create potential liabilities for failing to address a company’s deteriorating financial health. Moreover, directors who continue to operate a business while insolvent may face exposure if their actions are found to be fraudulent.