As defined in our previous articles, a distressed company is a company facing financial and/or operational stress. The stress manifests itself in the form of; delayed payments to suppliers, delayed remittance of taxes, delayed servicing of debt, delayed disbursement of salaries and the erosion of asset quality owing to reduced re-investments. We have, via previous […]
On Your Best Behavior – Director Duties & Offences in Insolvency
With the backdrop of the Covid-19 pandemic and the onset of a global recession, a great economic crisis looms large. International institutions such as the International Monetary Fund (IMF) and the World Economic Forum (WEF) foreshadow a tough business environment characterized by debt crisis, capital crunch and an ever-rising cost of doing business. Correspondingly, more […]
Cross-Border Insolvency
The swift advancements in technology, international trade, and the corporate landscape have led to a surge in the number of multinational entities fostering a seamless connection between countries and businesses making them less restricted by national boundaries and in turn it has become more borderless in nature. Read More