Zug Cantonal Court grants reciprocity in Singapore insolvency proceedings – International Law Office

Introduction Facts Recognition of foreign bankruptcy decrees Considerations Comment Introduction Under Swiss law a foreign trustee of an insolvent foreign entity cannot act in relation to assets which are located in Switzerland, unless the respective foreign bankruptcy decree is recognised by a Swiss court. On recognition, a mandatory auxiliary insolvency procedure in Switzerland is initiated…

Tax cuts to compensate for flat wages growth: Scott Morrison – The Australian Financial Review

Putting tax cuts before debt repayment will generate economic growth, help compensate for flat wages and reduce the “great risk” to the economy posed by a high tax burden, Treasurer Scott Morrison says. In a pre-budget interview with AFR Weekend, Mr Morrison defended the decision to prioritise tax cuts while he described as “a dangerous lie” Labor’s plans to increase taxes to pay down…

What will happen to Cambridge Analytica’s data now it has closed? – Wired.co.uk

Cambridge Analytica CEO Alexander Nix was suspended amid the Facebook data harvesting scandal Getty Images / The Washington Post / Contributor When Cambridge Analytica the firm at the heart of the controversy about alleged harvesting of 87 million Facebook users data to microtarget voters announced this week it was instigating insolvency proceedings, many cheered its…