Search results
Results from the WOW.Com Content Network
The EC Regulation on Insolvency Proceedings 2000 was passed on 29 May 2000 and came into effect on 31 May 2002. [5] It replaced the substance of the 1995 Convention. [6] The Regulation applies between all member states of the European Union, with the exception of Denmark which has an opt-out from the EU's Area of freedom, security and justice, and focuses upon creating a framework for the ...
In South Africa, owners of businesses that had at any stage traded insolvently (i.e. that had a balance-sheet insolvency) become personally liable for the business's debts. Trading insolvently is often regarded as normal business practice in South Africa, as long as the business is able to fulfill its debt obligations when they fall due.
There are, broadly, three approaches to the administration of cross-border insolvency: [3] The territorial approach, whereby each country exercises its own domestic insolvency laws in relation to all the debtor's property and all of the creditors located within its jurisdiction.
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
Lim Guan Eng (Chinese: 林冠英; pinyin: Lín Guānyīng; Pe̍h-ōe-jī: Lîm Koàn-eng; born 8 December 1960) is a Malaysian politician and accountant who served as the Minister of Finance of Malaysia from 2018 to 2020.
The Star Online. 8 September 2006; L.Y., Chelsea Ng; Mageswari, M. (11 March 2007). "World's biggest court complex to open in May". The Star Online "Courts Big Move Gets Underway". Bernama. 7 April 2007. Archived from the original on 29 September 2007