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9 articles found for Restructuring & Insolvency
The mutual recognition framework allows Hong Kong liquidators to apply for judicial assistance to manage distressed assets in Mainland China. The process relies on the 2021 Record of Meeting between...
Legal Framework: South Africa governs cross-border insolvency through the Cross-Border Insolvency Act 42 of 2000, which incorporates the UNCITRAL Model Law. Mandatory Recognition: Foreign liquidators or "representatives" have no standing...
The Companies Act 2016 provides three primary corporate rescue mechanisms: Corporate Voluntary Arrangement (CVA), Judicial Management (JM), and Schemes of Arrangement. A moratorium is a legal "shield" that prevents creditors...
Business rescue is a formal rehabilitation process designed to save "financially distressed" companies from liquidation. A general moratorium is triggered immediately, providing legal protection against creditor claims and asset seizures....
The Out-of-Court Workout (OCW) is a digital platform designed to restructure debts exceeding €10,000 owed to the Greek State, social security funds, and financial institutions. Eligible businesses can secure up...
The Out-of-Court Workout (OCW) is a purely digital process conducted through a specialized platform to settle debts with banks, the State, and social security funds. Successful applications grant a 90-day...
Guide to Pre-Packaged Insolvency for MSMEs in India
Jan 31, 2026The Pre-Packaged Insolvency Resolution Process (PIRP) is a "debtor-in-possession" model, allowing MSME owners to retain control of their business during restructuring. To be eligible, a business must be classified as...
CAMA 2020 Priority: The Companies and Allied Matters Act (CAMA) 2020 shifted Nigeria's insolvency framework from a "liquidate-first" approach to a "rescue-first" model. Moratorium Benefits: Corporate rescue tools like Administration...
The WHOA (Dutch Court Confirmation of Extrajudicial Restructuring Plans) allows companies to restructure debt without the consent of all creditors. A "cross-class cram-down" can bind dissenting classes of creditors to...