Remove 2023 11
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UK Exporters braced for non-payment rise from overseas customers

UK debt collections

The number of UK exporters anticipating an increase in the risk of non-payment has risen from 27% to 43% year on year, according to a survey conducted by credit insurer Allianz Trade. In this context, they are clearly bracing for longer export payment terms and higher non-payment risk in 2023,” she says. seen in 2022.

Trade 52
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Regulatory Exception to Automatic Stay Allows Court to Hear Antitrust Case

ABI

4] The Federal Trade Commission (“FTC”) filed a complaint against Endo with the United States District Court for the District of Columbia. [5] 11] If the automatic stay applied, it would prevent the D.C. 11] If the automatic stay applied, it would prevent the D.C. 11] If the automatic stay applied, it would prevent the D.C.

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Business Insolvencies at their highest since 1993

UK debt collections

Oliver Collinge, a director at restructuring and insolvency firm, PKF GM, said: ‘There is no doubt that higher interest rates and continuing cost pressures have seriously impacted many UK businesses, with one in 186 active companies entering insolvent liquidation in 2023 – the highest rate seen since Q3 2014. Last year 53.7

Trade 75
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Debtor may not Sell its Intellectual Property Free and Clear of Creditor’s Interests

ABI

John’s University School of Law American Bankruptcy Institute Law Review Staff Section 363 of title 11 of the United States Code (the “Bankruptcy Code”) allows a debtor to sell its bankruptcy assets free and clear of liens and interests only if certain circumstances are met. [1] 22] [1] See 11 U.S.C. § 363 (2023). [2]

Debtor 40
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Business insolvencies predicted to skyrocket

UK debt collections

Trade Credit insurers Allianz Trade have predicted that Business insolvencies will skyrocket. The company says the global factors will likely push business insolvencies up significantly in 2022, followed by a further 4% increase in 2023. It forecasts overall business insolvencies will increase by 10% in 2022 and 14% in 2023.

Trade 59
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District Court Rejects the Narrowing of § 546(e) “Safe Harbor” Provision and Applies Safe Harbor to Privately Held Securities

ABI

1] The safe harbor rule set out in Section 546(e) of Title 11 of the United States Code (the “Bankruptcy Code”) provides, in part, that a trustee may not avoid a transfer made before the commencement of the case in connection with a securities contract, as defined in Section 741(7), made by, to, or for the benefit of a financial institution. [2]

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The Issuance of a Subpoena on U.S. Citizens Residing Abroad via Social Media is an Authorized Alternative Means of Service under Rule 45 of the Federal Rules of Civil Procedure

ABI

3] The firm was incorporated in the British Virgin Islands (“BVI”) and focused on trading cryptocurrency and other digital assets. [4] 10] Thereafter, the Foreign Representatives served a subpoena (the “Subpoena”) on Davies by email and Twitter on January 5, 2023. [11] citizen residing abroad. [9] citizen residing abroad. [9]