Global bankruptcy financial restructuring and insolvency group releases the Q4 2020 issue of International Restructuring Newswire

By NRF Digital Team on October 15, 2020 Posted in Canada, Europe, UK, US

Our global bankruptcy financial restructuring and insolvency team has released its quarterly International Restructuring Newswire.… Continue Reading

A DIP of the toe into US Chapter 11 waters for Australia

By Jeffery Black (AU) and Nick White (AU) on September 30, 2020 Posted in Australia

The Australian Government announced two new restructuring and insolvency processes for small businesses (having liabilities of less than AU$1 million).… Continue Reading

The Insolvency, Restructuring and Dissolution Act 2018 – Reforming the law on contractual remedies

By Yu-En Ong, Pooja Balani and Katie Chung on August 21, 2020 Posted in Bankruptcy Courts, Involuntary Bankruptcy, Singapore

On 30 July 2020 Singapore’s new “omnibus” Insolvency, Restructuring and Dissolution Act 2018 (the Insolvency Act) came into effect. This marks the third phase in recent years to strengthen Singapore’s restructuring and insolvency laws. The Insolvency Act consolidates the laws on insolvency, bankruptcy, restructuring and dissolution into a single enactment and introduces a number of… Continue Reading

Modernising business registers and director identification numbers

By Natasha Toholka (AU) and Deborah Tsai (AU) on July 22, 2020 Posted in Australia

A package of five legislative reforms — Commonwealth Registers Bill 2019, Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019, Business Names Registration (Fees) Amendment (Registries Modernisation) Bill 2019, Corporations (Fees) Amendment (Registries Modernisation) Bill 2019, and National Consumer Credit Protection (Fees) Amendment (Registries Modernisation) Bill 2019 — received royal assent on 23 June… Continue Reading

Directors Can Stop the Zombie Company Pandemic

By Scott Atkins (AU) and Dr. Kai Luck (AU) on May 25, 2020 Posted in Australia

What are the risks when global COVID-19 fiscal stimulus measures are used by real zombie companies and what can directors do?… Continue Reading

VIDEO – Use of schemes as UK debt restructuring tools

By Matthew Thorn (UK), Mark Craggs (UK) and Grace Carpenter (UK) on May 22, 2020 Posted in UK

Use of schemes as UK debt restructuring tools video provides insight into how schemes may be used schemes as debt restructuring tools where there are minority hold-out creditors.… Continue Reading

The new pandemic: Zombie companies will eat Australia’s COVID-19 economic recovery

By Scott Atkins (AU) and Dr. Kai Luck (AU) on May 21, 2020 Posted in Australia

Zombie companies be be incentivized by the COVID-19 government fiscal and stimulus measures.… Continue Reading

COVID-19: From black swan to boiling frog

By Scott Atkins (AU) and Dr. Kai Luck (AU) on May 20, 2020 Posted in Australia

How underlying corporate governance and risk failures may have contributed to boards being caught so off-guard by COVID-19.… Continue Reading

The shift we needed: The fight to save Virgin already changing corporate rescue laws in Australia

By Scott Atkins (AU) and Dr. Kai Luck (AU) on May 19, 2020 Posted in Australia

Australian courts can play an important role in creating a stronger corporate and business rescue culture to help financially distressed but long-term viable entities.… Continue Reading

Don’t panic this pandemic: new safe harbours for directors in COVID-19

By Natasha Toholka (AU) and Deborah Tsai (AU) on May 15, 2020 Posted in Australia, Singapore, UK

Due to COVID-19, several countries have passed (or propose to pass) coronavirus-relief legislation for business directors in financial distress.… Continue Reading