Insolvency
Singapore car-sharing service Shariot, related firms face S$180 million debt; exploring survival options
Lawyer’s letter to creditors requests temporary standstill on enforcement or recovery actions
UK insolvencies surge as higher business costs deepen strain
The increase reflects the impact of last year’s budget measures, including higher minimum wages and reduced reliefs
Veteran lawyer Ashok Kumar sees fresh wave of restructuring deals as sliding interest rates lure investors
Such activity is subdued in Singapore, but some Covid-era ‘zombie companies’ could face financial stress as they struggle to adapt to the new economy, he adds
Number of compulsory wind-ups rise more than 50% in 2024
4,521 bankruptcy applications filed in the first 11 months of 2024
Singapore car portal UCars S$4 million in debt, heads for voluntary winding-up
Sixty creditors are owed a total of around S$3.8 million; EGM on the voluntary closure slated for Feb 7
New law lets more Singapore companies undergo simpler, more cost-effective insolvency process
It establishes a permanent, revamped version of a temporary Covid-era scheme
New Bill seeks to simplify, lower costs for company insolvency
The existing simplified insolvency programme is set to cease on Jan 28, 2026
US lenders push Indian ed-tech giant Byju’s towards insolvency
INDIA’S top court on Wednesday (Aug 14) revived insolvency proceedings against education technology company Byju’s following a lawsuit by a trust representing US lenders who say they are owed US$1 bil...
The moral limits of bankruptcy law
Companies are increasingly using the bankruptcy process to shortchange the rights of those seeking accountability for corporate wrongdoing
nTan forms alliance with Indonesia’s AJCapital for corporate restructurings
SINGAPORE-BASED nTan Corporate Advisory has tied up with Jakarta-based AJCapital Advisory to form an alliance that will specialise in corporate restructurings, known as 9 Capital.
