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Category Archives: Debtors / Creditors Law

Australian Budget Ally Law

Australia’s Proposed 2018 Budget Includes New Measures Targeting Directors’ Liabilities and ‘Phoenix’ Activity

Ally Law Posted on May 21, 2018 by allylawMay 14, 2019

On 8 May 2018, Scott Morrison, Treasurer of Australia, delivered the 2018 budget. In addition to a number of tax cuts and related proposals, the budget includes new measures to increase director liabilities and compliance, specifically targeting illegal company ‘phoenix … […]

Posted in Corporate Law, Debtors / Creditors Law, Global Matters, Tax Law
Greece debt Ally Law

Greece Passes Restructuring-friendly Law On Settlement Of Debts

Ally Law Posted on June 23, 2017 by allylawMay 14, 2019

Since the financial crisis in Greece began there has been an evolution of legislative initiatives regarding pre-insolvency procedures addressing the need to lift barriers to efficient restructuring of Greek businesses. This May the Greek legislature introduced a new process of … […]

Posted in Bankruptcy and Insolvency, Debtors / Creditors Law, Global Matters | Tagged Your Legal Partners
Foreign-money-judgements-Ally-Law

U.S. Court Creates More Certainty In Enforcing Foreign Money Judgments

Ally Law Posted on March 8, 2017 by allylawMay 14, 2019

The U.S. Uniform Foreign Money-Judgments Recognition Act (UFMJRA) was intended to make enforcement of foreign country judgments more streamlined and predictable in this age of transborder disputes and multi-jurisdictional transactions. It also reassures foreign courts that their judgments are likely … […]

Posted in Alternative Dispute Resolution, Debtors / Creditors Law, Global Matters, International Business Law, Litigation | Tagged judgment enforcement, Kalbian Hagerty
Financial rates Ally Law

Applicable U.S. Federal Rates For January 2017

Ally Law Posted on December 30, 2016 by allylawMay 14, 2019

The United States Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly … […]

Posted in Debtors / Creditors Law, Family Law, Global Matters, Government Regulation, Investment Law, Tax Law | Tagged E. John Wagner, estate planning, interest rates, Williams Parker
Ally Law Accolades

Canadian Ally Law Member Firms Receive CHAMBERS AND PARTNERS Accolades

Ally Law Posted on December 6, 2016 by allylawMay 14, 2019

Chambers Global, the leading international legal directory, honored two Ally Law Canadian member firms –Torkin Manes LLP (Toronto) and Kornfeld LLP (Vancouver) in its 2017 Chambers Canada guide. Torkin Manes LLP is ranked as a highly regarded firm (Band 2) … […]

Posted in Corporate Law, Debtors / Creditors Law, Digital Information and Records Law, Global Matters, Government Regulation, Intellectual Property, International Business Law, Real Estate Law | Tagged Canadian law firms, Canadian real estate, Chambers and Partners, e-commerce, IT, kornfeld, Lisa Lifshitz, Matthew Tevlin, Michael Herbst, Neil Kornfeld, privacy, Torkin Manes
Ally Law Australia banks

Penalties Versus Late Payment Fees Under Australian Law

Ally Law Posted on August 26, 2016 by allylawMay 14, 2019

A recent decision by the High Court of Australia settles the question of whether contractual late payment fees constitute impermissible penalties. In allowing the fees in question, the High Court reaffirmed the freedom of contract and held that courts should … […]

Posted in Consumer Law, Contracts, Debtors / Creditors Law, Global Matters
Ally Law Bankruptcy

New Forms Required For U.S. Bankruptcy Filings TODAY

Ally Law Posted on December 1, 2015 by allylawMay 14, 2019

In the United States, bankruptcy is governed by the federal court and rules, with certain property rights being determined by state law.  The federal Advisory Committee on Bankruptcy Rules, engaged in a modernization project intended to simplify the language within … […]

Posted in Bankruptcy and Insolvency, Debtors / Creditors Law, Global Matters | Tagged bankruptcy, Federal Rules of Bankruptcy Procedure, United States law, Vorys
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