This report from India’s Insolvency and Bankruptcy Board of India (IBBI) examines the potential for mediation as a dispute resolution mechanism in corporate insolvency cases under the country’s Insolvency and Bankruptcy Code (IBC). The authors, an expert committee appointed by the IBBI, consider the effectiveness of mediation in different stages of the corporate insolvency resolution process (CIRP), including pre-commencement, post-commencement, and liquidation stages. The report compares India’s current legal landscape with various international jurisdictions, including the United States, the European Union, Italy, France, Spain, the United Kingdom, Romania, Greece, Japan, Singapore, and Germany, in order to understand the benefits and challenges associated with mediation in insolvency cases. They provide specific recommendations for the implementation of a mediation framework within the IBC, emphasizing the need for a phased approach, a robust operational framework, qualified mediators, and cost-effectiveness. The report also underscores the importance of preserving the core objectives of the IBC, including timeliness, value maximization, and the balancing of stakeholder interests.

Troubled by unsettled Credit Card Debts? Personal Loans and Collection Accounts?

Settle your debts through DebtAid Consulting International’s Debt Mediation Program.

Ben Lou describes the effects of harassment in collections for people in debt to understand their position. With Subtitles.

Our client was seriously injured in a head-on collision and ultimately required multiple surgeries on his spine. Partner Scott Occhiogrosso, who handled this case alongside Partner Daniel O’Toole, explains the process he underwent to resolve this case through mediation.

Is the program free? #DebtFreewithDebtAid #DebtAidConsultingInternational #DebtFree

Electricity Minister Kgosientsho Ramokgopa says there is a way to shave off 6% off proposed power tariffs.

He says this can be done by staving off carbon tax and recouping municipal debt.

He was briefing a Parliamentary Portfolio Committee alongside energy regulator, Nersa. #eNCA #DStv403 #questionthinkact

FULL INTERVIEW HERE: https://www.enca.com/videos/discussion-restore-power-grid-sorting-out-municipal-debt-can-reduce-tariffs

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INFLUENCE OF FINANCIAL INTERMEDIATION INSTITUTES ON THE WELFARE OF THE POPULATION IN THE WESTERN EUROPEAN COUNTRIES
Karen Turyan, National Polytechnic University of Armenia, Armenia

(Presented at the International Conference on Research in Education and Science (ICRES) which took place on April 27-30, 2024, in Antalya, TURKEY (https://www.2024.icres.net/) and at the International Conference on Education in Mathematics, Science and Technology (ICEMST) (https://www.2024.icemst.com/) organized by the International Society for Technology, Education and Science (ISTES) http://www.istes.org).

Throughout the history of the origination and development of the economy, financial intermediation has served to reduce transaction costs, which has had a stimulating effect on the economic system. On the other hand, financial intermediation at certain stages, replacing the real sector of the economy, could cause economic crises, unjustifiably inflating the money supply. The period after World War II was a period of prosperity and development of the economies of Western Europe. The struggle and unity of opposites, which manifests itself in the synergy of capitalism and social justice, leads to the formation of a new society. All the difficulties of this period undoubtedly affected the well-being of the population. In such difficult conditions, financial intermediation could play an important role in developing the economic potential of Western European countries. Was this really the case? The article makes an attempt to find an answer to this particular question. The purpose of this study: – to determine the impact of the financial intermediation institutions on the well-being of the population in Western European countries. We use the methodology of chrono-discrete monogeographic comparative analysis proposed by Demichev (2019) for legal institutions.

The crisis of municipal debt to water boards may lead to some of the entities being bankrupt. As of June this year the municipal debt to water boards is at over R22 billion with an average increase of 151% between 2019 to 2024. Some of the boards for example the Vaal Central Water and Magalies Water, face bankruptcy in the next six to 12 months.

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