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Impact of Insolvency on Employment Relations

by admin|08 December 202308 December 2023|Corporate, Legal

Employees take a direct hit when a company becomes insolvent. Employees, in spite of the significant role they play in the life and growth of the company, are often the least protected. They are often the first to lose their...

Impact of Administration on Asset Owners

by admin|29 May 202329 May 2023|Corporate, Legal

Impact of Administration on Asset Owners Leasing companies and landlords – most especially, often get jittery when a company is placed in administration. Unlike the creditors who are involved in the administration process, third-party service providers especially those providing leasing...

Set-off in Insolvency Contexts

by admin|04 May 202324 May 2024|Corporate, Legal

"A set-off in insolvency contexts involves the crossing out of mutual debt obligations between a debtor and a creditor. It can be used in any type of contract; not just financial contracts." Set-Off under the Corporate Insolvency and Restructuring Act,...

Netting Arrangements in Insolvency Proceedings

by admin|03 May 202324 May 2024|Corporate, Legal

"Netting arrangements in insolvency allow parties to a qualified financial contract to consolidate their claims and cross out their mutual obligations." One of the aims of the Ghanaian insolvency regime is to maximise the returns of the entire creditor...