28 results found

At Axis, our insolvency and liquidation services go beyond procedural compliance. Led by our Registered Insolvency Practitioner (licensed since 2012) and supported by an experienced team of accountants...

The Fourth Schedule of the Insolvency Act is amended to amend priority in which preferential creditors have to be paid.

MCB made an application for the appointment of a receiver manager under the Insolvency Act 2009 or alternatively, for an order under article 1961 of the Mauritian Civil Code...

On 16 June 2011, the Supreme Court of Mauritius, acting through its jurisdiction of Judge in Chambers, delivered an Interlocutory Judgment on the appointment of an administrator under the Insolvency Act 2009.

Below is an overview of those legal changes that we deem notable.

The Court of Civil Appeal of Mauritius delivered an interlocutory judgment on 20 February 2014.

The Mauritius Bankruptcy Division declined to wind up Indian Oil despite an unsatisfied statutory demand of MUR 17 million, finding that the company remained solvent with liquid assets exceeding MUR 2.5 billion.

On 27 April 2020, the Minister of Finance, Economic Planning and Development (Minister of Finance) issued two important regulations under the Companies Act 2001 ...

What systems of law are used within your jurisdiction and what are they used for (i.e. English law for project development, New York law for high yield issues)

Insolvency law in Mauritius is principally regulated by the Insolvency Act 2009, and it is supplemented by some provisions of the Companies Act 2001...

In Mauritius, there are two main sources of law regarding cross border insolvency, pursuant to which the Mauritius court may recognise and give assistance to a foreign insolvency proceeding

The ISDA master agreement forms the backbone of a significant amount of over-the-counter derivative transactions.

The duties of directors in relation to companies in Mauritius are laid out under the Companies Act 2001 (‘Companies Act') and more specifically...

The below is a summary of recent cases likely to influence the practice of global business in Mauritius.

A fundamental question that arises during secured debt financing transactions is which type of security would provide the lender with more advantageous options vis-à-vis any other creditors of the obligor.

In the World Bank Doing Business Report 2017, Mauritius was once again ranked first among the sub-Saharan economies, but nevertheless made a spectacular fall, moving down from an overall global ranking...

In a world of business, unforeseen circumstances can often arise that lead a company to financial distress or near insolvency.