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Turkey: Duties, Obligations And Liabilities Of Liquidators

Turkey: Duties, Obligations And Liabilities Of Liquidators Last Updated: 17 July 2014 | Article by Nilay Celebi | Erdem & Erdem Law The duties, obligations and liabilities of liquidators who play a major role in the dissolution and liquidation of companies are briefly explained below. Liquidators, Their Duties and Obligations The duties to be performed… Continue Reading

Puerto Rico: Summary of Puerto Rico Public Corporation Debt Enforcement & Recovery Act

Puerto Rico: Summary of Puerto Rico Public Corporation Debt Enforcement & Recovery Act   Last Updated: 21 July 2014 | Article by Lorraine S McGowen, Raniero D’Aversa and Douglas S. Mintz On June 28, 2014, the Commonwealth of Puerto Rico adopted the Puerto Rico Corporations Debt Enforcement & Recovery Act, Act 71-2014 (the “Debt Enforcement… Continue Reading

Is It Time for Your Business to Bail from Facebook?

Is It Time for Your Business to Bail from Facebook? By Megan Totka | In Business Planning, Entrepreneurship, Marketing, Marketing Strategy, Online Business, Social Media | July 14, 2014 I almost found myself starting this article with the phrase, “Poor Facebook.” I quickly realized that those two words should never be used in conjunction with… Continue Reading

U.S. Supreme Court rules inherited IRAs not exempt from creditors’ claims in bankruptcy

U.S. Supreme Court rules inherited IRAs not exempt from creditors’ claims in bankruptcy July 16 2014 The recent unanimous decision of the United States Supreme Court (the “Court”) in Clark v. Rameker, 573 U.S. _____ (2014) held that inherited IRAs do not constitute “retirement funds” within the meaning of section 522(b)(3)(C) of the United States….”… Continue Reading

Federal antitrust laws: a new tool to prohibit pre-petition coordination among creditors?

Federal antitrust laws: a new tool to prohibit pre-petition coordination among creditors? July 14 2014 Who Should Read This? Anyone that deals in distressed debt, and in particular anyone that acquires distressed or defaulted bond debts. Why is this Alert Important? If you deal….” http://www.lexology.com/library/detail.aspx?g=a3db7bfc-cd41-4594-891f-564e71f5b3cd&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Federal+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2014-07-18&utm_term=

The pain that comes along with walking a mile in your own shoes … Circuits refuse to allow reorganized debtors to “step in the shoes” of debtors in possession as subrogees

The pain that comes along with walking a mile in your own shoes … Circuits refuse to allow reorganized debtors to “step in the shoes” of debtors in possession as subrogees July 16 2014 Walk a mile in my shoes Walk a mile in my shoes Yeah, before you abuse, criticize and accuse Walk a… Continue Reading

Secured creditors are entitled to a priority over preference claim recoveries where employee entitlements have been paid out of secured assets

Secured creditors are entitled to a priority over preference claim recoveries where employee entitlements have been paid out of secured assets July 16 2014 In brief The recent decision of Divitkos, In the matter of Ex DVD Pty Ltd (In liquidation) has paved the way for secured creditors who pay employee entitlements….” http://www.lexology.com/library/detail.aspx?g=43bb8e8f-3889-4a74-ab85-a3c8b0b85179&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2014-07-18&utm_term=

What do I do if my company is served with a statutory demand?

What do I do if my company is served with a statutory demand? July 16 2014 The statutory demand is one of the most frequently used (and misused) tools utilized by companies and other persons to obtain payment of debts owed to them by a company. Service of a statutory demand can be the first… Continue Reading

The Jam House to play on after administration

The Jam House to play on after administration Last updated: 18th Jul 2014 | By Edward Devlin, Midlands Correspondent The future of a late-night live music venue in Birmingham’s Jewellery Quarter opened by Jools Holland has been secured thanks to a rescue deal struck by restructuring firm FRP Advisory. Wolverhampton’s Faces nightclub on Bilston Street… Continue Reading

Re Kevin McNamara & Son Pty Ltd [2014] VSC 337 (18 July 2014)

Re Kevin McNamara & Son Pty Ltd [2014] VSC 337 (18 July 2014) Last Updated: 18 July 2014 IN THE SUPREME COURT OF VICTORIA Not Restricted AT MELBOURNE COMMERCIAL COURT CORPORATIONS LIST No. S CI 1084 of 2014 IN THE MATTER OF KEVIN McNAMARA & SON PTY LTD ….” http://www.austlii.edu.au/au/cases/vic/VSC/2014/337.html