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…