The title to a parking place in case of the developer’s bankruptcy
Since 1 January 2017, a car parking space has been legally recognised as an independent property item, which has special boundaries in the design documentation of a building or structure, and which is subject to both cadastral and state registration.
Pandemic, taxes and bankruptcy in Russia. What to expect and what to get ready for?
The rapid spread of the new COVID-19 virus on the planet makes the government develop measures not only to combat the spread of its manifestations in the sanitary and epidemiological area but also prevent its negative impact on the economic and social aspects in the society.
Legal Framework for Insolvencies in Uzbekistan
Despite being relatively new, the current bankruptcy law in Uzbekistan (initially adopted in early 1990s) has improved drastically over the last decades. Uzbekistani insolvency regime, that was upgraded significantly throughout the several redrafts of the law, is still undergoing some changes that are being introduced as a part of its ambitious market-oriented economic reforms.
Is it risky to be a founder?
By carrying out entrepreneurial activities, i.e. independent activities carried out at its own risk, aimed at systematic profit from the use of property, sale of goods, performance of works or provision of services, in conditions of market instability, exchange rate fluctuations and consumer demand, the company may experience signs of bankruptcy.
Fate of Pledge (Lien) in Bankruptcy Cases
This article discusses the features of foreclosure on the subject of a pledge. The author focuses attention on the fate of a pledge, as an encumbrance on the subject, which was a guarantee of the fulfillment of the Debtor’s obligations to the creditor. The conflict between the norms of the Civil Code and the Federal Law “On Insolvency (Bankruptcy)” is considered, supported by relevant examples from judicial practice.
From 1stof July 2017, a large amendment to Czech Insolvency Act No. 182/2006 Coll., comes into effect.This amendment regulates many aspects of insolvency proceedings, from protection against frivolous insolvency petitions through corporate insolvency assessment, to debt relief.
The International Comparative Legal Guide : Corporate Recovery & Insolvency 2016, 10th edition. A practical cross-border insight into corporate recovery and insolvency work.