Licensing has been a focus topic in our team lately and for good reason. If you’re a residential builder or a specialist trade in NSW, then no ticket, no play.
While the facts of the decision in Leto v Secretary Department of Customer Service [2026]NSWCATOD 26 (Leto v Secretary) are obviously very specific, an insolvency in an applicant’s trading history is frequently a barrier to licensing and is frequently an inducement to do whatever is necessary to avoid insolvency, so as to retain a licence or the future prospect of one.
The Insolvency and Bankruptcy Board of India released the Report of the Committee on Framing Guidelines for Insolvency Proceedings in the Real Estate Sector, pursuant to directions of the Supreme Court of India in the case of Mansi Brar Fernandes v. Shubha Sharma & Ors., (December 12, 2025). The Court emphasized the need to prioritise project completion and protect homebuyer interests, consistent with broader constitutional principles, including the right to shelter under Article 21.
In brief
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.
r1//./r2Capital Market06Dispute Resolution11Fintech20International Trade/ WTO27Ministry of Corporate Affairs (MCA)34Restructuring and Insolvency45Sports and Gaming49White Collar Crime03Competition Law08Employment Law15Infrastructure and Energy24Media and entertainment31RBI & FEMA40RERA47Technology51r3MASTER CIRCULAR FOR ISSUE OF CAPITAL ANDDISCLOSURE REQUIREMENTSThe Securities and Exchange Board of India (“SEBI”) hasissued an updated Master Circular1for Issue of Capital andDisclosure Requirements (“SEBI ICDR Master Circular”),consolidating all extant circulars and directions issued unde
Market Financial Solutions ("MFS"), the mortgage provider, collapsed suddenly last month. This collapse has intensified scrutiny of asset-based lending practices, where loans are secured against tangible assets, and has renewed focus on the risks of double pledging.
This article examines the emerging trend of U.S.-based companies with Canadian ties initiating primary insolvency proceedings in Canada and seeking recognition in the United States under Chapter 15 of the U.S. Bankruptcy Code. As described herein, this two-step strategy enables debtors to take advantage of the flexibility and efficiency of Canadian restructuring regimes, while securing key U.S. bankruptcy protections.
A Strategic Shift in Cross-Border Insolvency
The Hon’ble Supreme Court, in its recent judgment, examined two (2) important issues under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The first concerned the parameters governing the admission of a real estate project into the Corporate Insolvency Resolution Process (“CIRP”), while the second related to the locus standi of a homebuyers’ association or society seeking to intervene or participate in insolvency proceedings against the developer.
Structuring royalties as interests in land can provide significant protection in subsequent insolvency proceedings, but a recent decision from the Court of Appeal of Alberta underscores that technicalities may trump intentions. In Invico Diversified Income Limited Partnership v.