The Upper House of Parliament of India passed the Insolvency and Bankruptcy Code, 2016 (the Code) on the 28th day of May, 2016, to bring in force a framework for single handedly addressing issues relating to insolvency and bankruptcy in India.
Link Legal – India Law Services (LL ILS), in an endeavour to introduce its Clients and other fellow law firms with the Code, took the opportunity to do a work shop on the topic “Decoding the Insolvency and Bankruptcy Code, 2016” in Hong Kong on the 25th day of August, 2016. The Key Speakers at the Workshop were Mr. Atul Sharma, Managing Partner, Mr. Anand Srivastava, Partner and Mr. Siddharth Srivastava, Partner, Banking and Finance Practice, whereby various aspects of the Code were discussed including the framework of the Code, benefits of the Code for Lenders and comparison of the Code with the existing insolvency and bankruptcy regime in other counties.
The workshop was attended by more than 40 representatives from many Indian and foreign financial institutions including International Finance Corporation, Credit Agricole Corporate & Investment Bank, AMS Financial Group, State Bank of India, Union Bank of India, Bank of India, Indian Overseas Bank, Bank of Baroda, UCO Bank, Allahabad Bank, Axis Bank, DZ Bank and a number of foreign law firms including Norton Rose Fulbright, Alvarez and Marsal, Latham & Watkins, Berwin Leighton Paisner, Gianni Origoni Grippo Cappelli Partners, Arun Nigam Associates, Pinsent Masons, etc.
The workshop was keenly heard and the efforts of LL ILS in conducting the workshop were highly appreciated by all the attendees.