Insolvency and Bankruptcy

The scheme of arrangement is a vital tool for corporate restructuring and insolvency that enables financially troubled companies to restructure their operations, safeguard their assets, and fulfil their obligations. However, different jurisdictions appear to have different decisions regarding some legal issues arising out of a scheme of arrangement. Some of these issues have been put […]

Our previous article entitled “Corporate Rescue Mechanisms – Saving The Company Before It Sinks” explored some of the corporate rescue mechanisms that are made available under the Companies Act 2016 to companies that are facing financial distress. These mechanisms are hopefully able to rescue a company from financial distress and save the company from the

It is unsurprising that a company in dire financial state would have to eventually contend with the dilemma of whether or not to wind up the company. At times, such a winding up action may be commenced by a creditor who has yet to be paid its debts owed and due. It is heartbreaking to