We use cookies on all our websites to gather anonymous data to improve your experience of our websites and serve relevant ads that may be of interest to you. Please refer to the cookies policy to find out more.

By continuing, scrolling the page or clicking a link, you agree to the use of cookies.

26

Insights

Insolvency tourism in Singapore?

Mar 12, 2019
Keith Pond
As a financial hub, F1 night race location, long-haul stopover, historic, expensive, friendly and innovative city state, Singapore has used its scarce resources wisely since independence in 1965. A new twist now emerges following the passage of the “Omnibus Bill” in October 2018 that has become the Insolvency, Restructuring and Dissolution Act 2018. The new twist is Singapore as a restructuring hub – an attempt, perhaps, to challenge the global supremacy of London?
Insolvency tourism in Singapore?
Singapore Parliament image

Insolvency tourism in Singapore?

Mar 12, 2019
Keith Pond
Insolvency tourism in Singapore?

Failure is a success!

Feb 12, 2019
Keith Pond
One of the most innovative parts of the Insolvency Act 1986, relating to individuals, was the introduction of the Individual Voluntary Arrangement (IVA). IVAs are private agreements between debtors and their creditors to compound their debts and avoid bankruptcy. Once 75%, by value, of creditors have agreed to the IVA it becomes binding on all creditors. Slow to start, but championed by a few Insolvency Practitioners (IPs), IVAs have grown in numbers. As private agreements (unlike Bankruptcy) debtors can retain certain assets and introduce third-party assets and income, provided creditors get a better deal than they would in bankruptcy.
Failure is a success!
packing-machine

Failure is a success!

Feb 12, 2019
Keith Pond
Failure is a success!

Insolvency Law – more bank bashing?

Jan 09, 2019
Keith Pond
As the legislators add further chains and manacles to the bank’s position, the banks engineer ways to avoid them, escape from them and, in so doing, undermine efforts to constrain them.
Insolvency Law – more bank bashing?
Houdini

Insolvency Law – more bank bashing?

Jan 09, 2019
Keith Pond
Insolvency Law – more bank bashing?

Farepak – the ghost of Christmas past?

Dec 12, 2018
Keith Pond
On 22 October 2006 European Home Retail PLC (EHR) appointed Administrative Receivers (PWC), under a debenture granted to HBOS in 2000. Not something earth shattering, in itself, but the timing – 8 weeks to Christmas (that’s around 56 more sleeps) sent reverberations through the press (Smithers, 2006 for example), the banks, the consuming public and the corridors of power.
Farepak – the ghost of Christmas past?
Bruce Mars at Pexels Christmas

Farepak – the ghost of Christmas past?

Dec 12, 2018
Keith Pond
Farepak – the ghost of Christmas past?

Company Voluntary Arrangement – Failure to launch

Oct 24, 2018
Keith Pond
When the Insolvency Act 1986 was written, pride of place, Part 1 of the Act, was dedicated to the Company Voluntary Arrangement (CVA). Not hidden in Chapter 17, sub-section A (iii) paragraph 22(z) but there, on the first page, heralding a new era of corporate recovery and rehabilitation.
Company Voluntary Arrangement – Failure to launch
Company Voluntary Arrangement – Failure to launch

Company Voluntary Arrangement – Failure to launch

Oct 24, 2018
Keith Pond
Company Voluntary Arrangement – Failure to launch

Bankruptcy Protection – is the USA the debtor’s friend?

Sep 28, 2018
Keith Pond
Bankruptcy Protection – is the USA the debtor’s friend?
Friends-boy-girl-together

Bankruptcy Protection – is the USA the debtor’s friend?

Sep 28, 2018
Keith Pond
Bankruptcy Protection – is the USA the debtor’s friend?

Bankrupt Business…what are the odds?

Aug 28, 2018
Keith Pond
Bankrupt Business…what are the odds?
Insolvency SIC

Bankrupt Business…what are the odds?

Aug 28, 2018
Keith Pond
Bankrupt Business…what are the odds?

Directors under pressure: It’s a crime…or is it?

Jul 18, 2018
Keith Pond
“Poor management” is often a key reason given for the insolvency and failure of businesses, and this is explored, as well as what facilitates poor management.
Directors under pressure: It’s a crime…or is it?
bird-drinking-from-a-milk-jug

Directors under pressure: It’s a crime…or is it?

Jul 18, 2018
Keith Pond
Directors under pressure: It’s a crime…or is it?

Swedish Insolvency

Jun 27, 2018
Keith Pond
Swedish Insolvency
Map-of-Sweden

Swedish Insolvency

Jun 27, 2018
Keith Pond
Swedish Insolvency