To have one of Australia’s most successful businessman of all time sell out may be regarded as felicitous, but to have two of them do it at the same time makes it look like something bigger is going on. If the global economy is being rearranged by changes in technology to such an extent that…
TEL AVIV, Dec 13 (Reuters) – Israel-based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include layoffs, the Calcalist financial news website said on Wednesday. The plan includes closing its research and development centre in the coastal city of Netanya, selling its logistics centre in Shoham and laying off a third…
Shanghai: JunHe nabs corporate partner from Kobre & Kim | Asian Legal Business Shanghai: JunHe nabs corporate partner from Kobre & Kim Chinese firm JunHe has hired Jin Xinghui as a corporate partner in the Shanghai offic… Read the full article at: http://www.legalbusinessonline.com/appointments/shanghai-junhe-nabs-corporate-partner-kobre-kim/75194
In order to help smaller companies the government is reviewing the insolvency provisions, including recent amendments barring defaulting promoters from bidding for their own assets undergoing insolvency. The committee, formed in November and chaired by the secretary, ministry of corporate affairs, and includes members involved in the drafting of the IBC, has already met to…
TNN | Dec 13, 2017, 04:00 IST The Chennai bench of the NCLT (National Company Law Tribunal) has dismissed as “withdrawn” the corporate insolvency resolution process against Trivitron Healthcare, a leading medical devices maker, under IBC (Insolvency and Bankruptcy Code), following its compromise with RNB Design Arc Systems. RNB initiated insolvency proceedings against Trivitron in…
MUMBAI: The wait for framing final regulations to punish high profile individuals, including promoters, who have given personal guarantees for corporate loan defaulters may soon be over as the regulator is set to make a call on the matter next week. The governing body of Insolvency and Bankruptcy Board of India (IBBI) is expected to…