INSOLVENCY
The legislation and practices surrounding corporate insolvencies are diverse and can be difficult to interpret, with different rules applying to each type of insolvency proceedings.
In this article Deloitte & Touche identifies the main differences between the types of corporate insolvencies highlighting the circumstances surrounding the appointment, the effect of the appointment, and the duties and power of the liquidator or receiver.
This article has been written for investors, bankers and legal advisors of companies in financial distress and formal insolvency proceedings. Deloitte & Touche would be pleased to advise on any problem that may arise.
Deloitte & Touche in The Bahamas is a full member of Deloitte Touche Tohmatsu International. Deloitte Touche Tohmatsu International is one of the world's largest providers of professional services, with over 59,000 partners and professional in 125 countries and offices in every major business center in the world.
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