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London-based fund Emso Asset Management has partnered with local advisory firm Eight Capital in Mumbai to invest in Indian distressed assets – the second such opening in as many weeks.
06 September 2018
In a “remarkable” judgment, India’s Supreme Court has ruled that the two-year-old Insolvency and Bankruptcy Code’s moratorium provisions do not apply to the personal guarantors of corporate debtors.
29 August 2018
In a case featuring some veterans of the Indian bar, the country’s Supreme Court has allowed homebuilder Jaypee Infratech to stave off liquidation for six months so that over 21,000 buyers of unfinished homes may take advantage of the latest reforms to the country’s Insolvency and Bankruptcy Code.
24 August 2018
India’s government is soliciting practitioners’ comments on its plan to adopt the UNCITRAL Model Law on cross-border insolvency.
21 June 2018
A fine jewellery wholesaler embroiled in an alleged US$1 billion bank fraud in India has filed for Chapter 11 protection in New York, alongside two of its US subsidiaries.
01 March 2018
India has initiated a set of overhauls for its recently enacted Insolvency and Bankruptcy Code, while a Mumbai court has rejected a Pune-based paint company’s attempt to injunct insolvency resolution proceedings in favour of a winding-up application predating the new regime.
09 February 2018
Now in its 20th year, the International Women's Insolvency & Restructuring Confederation (IWIRC) hosted its inaugural Pacific Rim conference in August, marking the first-ever collaboration between IWRIC's networks in Singapore, Hong Kong, Malaysia, China and Japan.
07 September 2017
The cross-border provisions in India’s new Insolvency and Bankruptcy Code formerly came into effect at the beginning of this month after publication in the Gazette of India – but lawyers say there is still a long way to go before they are useful.
10 April 2017
A thorough overhaul of the UK’s procedural framework for insolvency becomes effective this week against a lukewarm reception, while the Australian government has updated proposed reforms to its insolvency regime taking account of a consultation last year.
05 April 2017
An English court has for the first time upheld the enforceability of a US judgment that was not preceded by active proceedings between the parties, ruling that a US$172 million judgment debt against international metalworking group Essar Steel is enforceable in the UK.
20 March 2017
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