What You Need To Know About Changes To Australia’s Corporate Insolvency Laws. – Conventus Law

31 October, 2016 Changes to Australias corporate insolvency laws are set to come into effect in 2017 and will result in an increase of powers for creditors in external administrations. IN BRIEF Greater powers afforded to creditors will include the ability to give directions to an external administrator, request the external administrator to convene a…

Bob Day quits the Senate again, leaving government short a vote on ABCC bill – The Canberra Times

Bob Day has resigned from the Senate for the second time in a fortnight, leaving the Turnbull government short one critical vote for its plan to reintroduce the building industry watchdog. The Family First senator has thrown in the towel on his political career, effective immediately, saying a white knight saviour for his stricken building business had failed…

Albany International Reports Third-Quarter Results – Business Wire (press release)

ROCHESTER, N.H.–(BUSINESS WIRE)–Albany International Corp. (NYSE:AIN) reported that Q3 2016 net income attributable to the Company was $13.1 million, compared to $9.7 million in Q3 2015. Q3 2016 income before income taxes was $20.9 million, including restructuring charges of $0.3 million and gains of $0.2 million from foreign currency revaluation. Q3 2016 income before income…