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In Magnum Financial Holdings (Pty) Ltd (in liquidation) v Summerly, an important case in South African insolvency law, the question to be decided was whether the trust before the court was susceptible of sequestration. This depended on whether it was a “debtor” as defined in section 2 of the Act.
Harksen v Lane NO and Others is an important decision of the Constitutional Court of South Africa, delivered on 7 October 1997.The court dismissed a challenge to the constitutionality of the Insolvency Act, 1936, finding that it was consistent with the right to property and right to equality for the property of a solvent spouse to be attached to the insolvent estate of his or her partner.
As required by various legislation, the policy regulated the process for the appointment of insolvency practitioners to act as trustees of insolvent estates in insolvency proceedings under the Insolvency Act, 1936. Insolvency practice was historically dominated by white men, [1] and section 158(2) of the Insolvency Act explicitly licensed the ...
2012-03-13 National Bank of Greece: Government of Greece 7.612 2012-03-13 Piraeus Bank: Government of Greece 5.516 2012-03-25 Laiki Bank: Bank of Cyprus: 10.812 2012-05-25 Bankia: Government of Spain: 20.962 2012-06-07 Caixa Geral de Depositos: Government of Portugal: 1.78 2012-06-07 Millennium BCP: Government of Portugal 3.3
In Germany, insolvency proceedings, both for companies and for natural persons, are regulated by the Insolvency Act (Insolvenzordnung), in effect since 1999 but with significant changes in 2012. [9] The goal of insolvency law is the equal and best satisfaction of creditors.
The Federal Reserve System headquarters in Washington, D.C. The Bank of England in London The Reserve Bank of New Zealand in Wellington. In public finance, a lender of last resort (LOLR) is the institution in a financial system that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other ...
Bankruptcy, also referred to as insolvency in Canada, is governed by the Bankruptcy and Insolvency Act and is applicable to businesses and individuals. For example, Target Canada , the Canadian subsidiary of the Target Corporation , the second-largest discount retailer in the United States filed for bankruptcy on 15 January 2015, and closed all ...
Assange v The Swedish Prosecution Authority [1] [2012] UKSC 22 30 May 2012 European Arrest Warrant: R (KM) v Cambridgeshire County Council [1] [2012] UKSC 23 31 May 2012 Disability law: BH v The Lord Advocate [1] [2012] UKSC 24 20 June 2012 Extradition; Article 8, ECHR: HH v Deputy Prosecutor of the Italian Republic, Genoa [1] [2012] UKSC 25