The IBC, or Insolvency and Bankruptcy Code, came into force in 2016 after a presidential assent; this law has been introduced to overcome the burden of insolvency and bankruptcy cases in India and to promote faster resolutions in insolvency. Given below are some of the important key features of...
India Insolvency/Bankruptcy/Re-Structuring 对于在印度有投资或者与印度企业有贸易关系的中国企业而言,一大担忧就是如何回收款项,避免印度方企业拖欠款项乃至赖账。在目前印度法律体系下,2016年《破产法(Insolvency and Bankruptcy Act)》中规定了一项大杀器,也就是债权人强制清算权(Compulsory Liquidation),...
How do such processes contrast with bankruptcy proceedings? Dissolution is achieved via the voluntary liquidation procedure under the BCA. The liquidator will file a statement with the Registrar to confirm the liquidation is complete. Upon receiving the completion statement, the Registrar will strike ...
Recall that unlike U.S. municipalities (such as Detroit), Puerto Rico bodies and utilities aren’t considered debtors for purposes of Chapter 9 of the U.S. Bankruptcy Code and therefore don’t have access to the municipal bankruptcy process.See11 U.S.C. § 101(52). Puerto Rico attempted...
Following a brief history of insolvency law, including a summary of a provision (Section 1110) of the US Bankruptcy Code that inspired Alternative A of Article XI of the Aircraft Protocol to the Cape Town Convention, the authors outline the content, development, and intended impact of ...
Bankruptcy Code was recognized. The U.S. Bankruptcy Court also gave Reward's foreign representative authority to administer the debtor's U.S.-based assets and to gather evidence in respect of Reward's liabilities, assets, business affairs, and operations in the U.S.; and granted a stay on...
(2016). Contracting externalities and mandatory menus in the US corporate bankruptcy code. Journal of Law Economics and Organization, 32(2), 395–432. https://doi.org/10.1093/jleo/ewv023 Article Google Scholar Berry, H. (2010). Why do firms divest? Organization Science, 21(2), 380–...
With China's new Enterprise Bankruptcy Law (EBL 2006) having come into effect on 1 June 2007, a critical issue arises as to the extent to which Article 5, ... Q Bu - 《International Insolvency Review》 被引量: 1发表: 2010年 International Arbitration and Multinational Insolvency The collisio...
According to German bankruptcy law, an insolvency administrator’s compensation depends on the total amount of the insolvency assets realized in the insolvency procedure and on the compensation parameters defined by the insolvency code. The monetary compensation is typically defined as a share of the ...
Secondly, at 89 ff, a stay by analogy with A34 BIa. It is seemingly common ground between the parties and the judge that the bankruptcy exclusion in A1 BIa precludes the express application of A34 if the pending action in the third State is in the nature of bankruptcy or insolvency proceed...