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    Administrator Appointment Confirmed Despite Procedural Irregularity
    2025-10-03

    In Re Bayview Health – Matilda Bay Pharmacy Pty Ltd; ex parte Smith & Jacobs [No 2] [2025] WASC 405, the Court held that a failure to provide the 14 days’ notice of a board meeting, required by a shareholder agreement, to appoint a voluntary administrator, was a procedural irregularity that could be cured.

    Key Takeaway

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Company & Commercial, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services, Corporations Act 2001 (Australia)
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    İcra ve İflas Hukukunda Yeni Dönem: Cebrî İcra Kanunu Taslağı
    2025-10-03

    1932’den beri yürürlükte olan 2004 sayılı İcra ve İflas Kanunu’nun yerine, Adalet Bakanlığı tarafından hazırlanan Cebrî İcra Kanunu Taslağı, icra ve iflas hukukunda köklü yenilikler getirmektedir. İlamlı icrada istinaf süresi beklenmesi, ilamsız icrada belge şartı ve “itirazın kaldırılması” yolunun kaldırılması, kambiyo ve banka alacaklarının genel takibe tabi kılınması, ödeme emrine itiraz süresinin 2 hafta olması, haciz ve satışta süre sınırlaması, nemalandırma ve kıymet takdirinde düzenlemeler öne çıkan değişikliklerdir.

    Giriş

    Filed under:
    Turkey, Insolvency & Restructuring, Litigation, CBC Law
    Authors:
    Torehan Buyuksoy , Ömer Faruk Özdemir , Merve Yücesan
    Location:
    Turkey
    Firm:
    CBC Law
    When and Should Liquidators Enter into a Settlement Agreement
    2025-10-03

    In Yeo (liquidator), in the matter of Tuftex Carpets Pty Ltd (in liquidation) [2025] FCA 1200 the liquidators sought approval from the court to enter into a settlement agreement. The claims underlying the settlement agreement were against the former director and parent company for insolvent trading and the resulting loss.

    Key Takeaways

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services, Insolvency, Corporations Act 2001 (Australia)
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    Administrators Granted Relief from Personal Liability and Time Extended to Register
    2025-10-03

    In Re Resource Development Group Limited (Administrators Appointed) [2025] WASC 408, the Court granted relief to the voluntary administrators of Resource Development Group Ltd (RDG) from personal liability under a loan arrangement and extended time for the registration of a related security interest.  

    Key Takeaway

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services, Personal Property Securities Act 2009 (Australia)
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    Justifying liquidator fees: UK Privy Council draws from Singapore framework
    2025-09-30

    Liquidator remuneration in insolvency proceedings often raises difficult questions; especially in large corporate collapses where the work is extensive and the stakes are high. Courts must balance fair compensation with creditor protection, but approaches to fee assessment have varied across jurisdictions, leading to uncertainty and dispute.

    Filed under:
    Singapore, United Kingdom, Insolvency & Restructuring, Litigation, Withers LLP, Liquidation, Singapore High Court
    Authors:
    Mohammed Reza , Justin Yip , Zhen Yu Lam , Hui Xuan Cheang
    Location:
    Singapore, United Kingdom
    Firm:
    Withers LLP
    Towards “orderly and efficient resolution”: the new practice statement in respect of schemes of arrangement and restructuring plans
    2025-09-30

    On 18 September 2025, the Chancellor of the High Court, the Rt. Hon. Sir Julian Flaux announced the long-awaited publication of the updated Practice Statement in relation to schemes of arrangement and restructuring plans (the "New Practice Statement"). Revision of the existing Practice Statement was, in large part, driven by the rise in contested schemes and restructuring plans which, in turn, has put significant pressure on the Court system.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, White & Case LLP, Office of Foreign Assets Control (USA), Companies Act 2006 (UK)
    Authors:
    Charles Balmain , Ben Davies , Morvyn Radlow , John Rogerson , Will Stoner , Swati Tripathi , Serene Reza
    Location:
    United Kingdom
    Firm:
    White & Case LLP
    Navigating Construction Industry Insolvency: Monitoring Insolvent Trading Risks
    2025-09-30

    According to the latest statistics from the Australian Securities and Investments Commission (ASIC), the construction industry has faced sustained and accelerating financial distress over the past four years. Since FY 2021-2022, the number of insolvency appointments has almost tripled, with nearly 4,900 cases in FY 2024-2025 alone. And, the 744 cases already recorded for FY 2025-2026 indicate the construction industry continues to suffer severe financial distress.

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Company & Commercial, Compliance Management, Construction, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    Federal Court of Australia Exercises Statutory Power to ‘Stay’ and then terminate a Wind-Up Pending Effectuation of DOCA
    2025-09-30

    In Otway (liquidator), in the matter of AMD Freight Pty Ltd (in liq) (No 2) [2025] FCA 1169 the Federal Court of Australia considered an application for termination of a winding up under the Corporations Act brought by the liquidators of AMD Freight Pty Limited (In Liquidation) (Compan

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Company & Commercial, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Deed of company arrangement, Financial services, Administration, Corporations Act 2001 (Australia), Federal Court of Australia
    Authors:
    Blake Shaw
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    Employee Claims in Hungarian Insolvency: Priority Ranking and Practical Implications
    2025-09-29

    Insolvency and liquidation proceedings inevitably raise the question of how competing creditor claims are ranked. One area of particular importance is the treatment of employee claims, as legislators typically grant them special protection to safeguard livelihoods. Hungarian insolvency law reflects this policy by granting priority status to certain employee entitlements.

    When Do Employee Claims Rank Ahead of Other Creditors?

    Filed under:
    Hungary, Employment & Labor, Insolvency & Restructuring, Litigation, Katona & Partners, Liquidation, Insolvency
    Authors:
    Dr. Géza Katona
    Location:
    Hungary
    Firm:
    Katona & Partners
    国有企业改制、对外投资的衍生争议与典型诉讼 研究报告(四):国有企业对外投资中的利润分配问题
    2025-09-26

    在国有企业对外投资实践中,利润分配是国有资本保值增值的核心环节之一,但具体能否实现、如何实现取决于公司的经营、管理情况。《公司法解释(四)》对强制利润分配作出规范,为解决该类公司内部争议提供了新的法律路径,但司法实践中仍面临诸多待明确的问题:强制盈余分配的适格被告是否仅为公司?控股股东、董监高能否被列为责任主体、承担何种责任?因利润分配产生的公司僵局又如何处理?此类争议的背后,是国有参股方对“公司内部纠纷有效化解”的现实需求,也牵涉公司自治边界与司法介入尺度在个案语境中的“博弈”。

    一、国有企业股权投资中利润分配的监管要求

    国有企业对外投资利润分配受众多法律法规及监管规定规范,随经济发展与国企改革不断完善,都体现出平衡商业利益,推动合资发展的理念。

    Filed under:
    China, Insolvency & Restructuring, Litigation, JunHe LLP
    Authors:
    Qi Shi
    Location:
    China
    Firm:
    JunHe LLP

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