Seyfarth’s multidisciplinary Restructuring and Insolvency team has extensive experience spanning debt restructuring, financial reorganization, special situations, loan workouts, distressed financings and asset transactions, and bankruptcy litigation—with a focus on multijurisdictional, complex cases. ...
In the matter of Mr. A. Arumugam, Insolvency Professional (IP) under section 220 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 and...
The Insolvency and Bankruptcy Code, 2016 (IBC) has been one of the most ground-breaking laws enacted in the country in recent times. It has already subsumed the existing Sick Industrial Companies Act (SICA), revamped the Debt Recovery Tribunals (DRT) and has emerged as a major legislation. ...
2. The SCN issued by IBBI alleged contraventions of sections 208(2)(a) and 208(2)(e) of the Insolvency and Bankruptcy Code, 2016 (Code), regulations 7(2)(a), 7(2)(h) and 7A of the IBBI (Insolvency Professionals) Regulations, 2016 (IP Regulations) read with clauses 1...
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 ...
Bankruptcy Code, (30) banks that are subject to the Federal Deposit Insurance Act (the "FDI Act") (31) are excluded from those rules. Instead, the FDIC acts as receiver (32) not only for insolvent national banks but typically for insolvent ...
2. The SCN issued by IBBI alleged contraventions of sections 208(2)(a) and 208(2)(e) of the Insolvency and Bankruptcy Code, 2016 (Code), regulations 7(2)(a), 7(2)(h) and 7A of the IBBI (Insolvency Professionals) Regulations, 2016 (IP Regulations) read with clauses ...
A typical example of international cooperation is the recent Korean bankruptcy case of Daebo International Shipping Co. Ltd. in which the Korean bankruptcy proceeding was opened on 6 March 2015 and was promptly recognised in Japan on 9 March 2015, in the UK on 16 March 2015, in the USA on...
D. Baird and R. Rasmussen ‘The End of Bankruptcy’, 55Stanford Law Review(2003) p. 751; G.M. Kuney, ‘Misinterpreting Bankruptcy Code Section 363(f) and Undermining the Chapter 11 Process’, 76American Bankruptcy Law Journal(2002) p. 235. ...