With the transformation and upgrading of industry in China, and progress in supply-side reforms, Chinese legislation concerning the scope of entities with liquidation obligations, and the liability bearable by parties with liquidation obligations, is showing a gradual trend towards broadening and severity, the hope being that this will drive the large number of zombie companies…
Adelaide Tuesday June 18, 2019 Economic growth to remain slow despite stimulus State Budget at a glance 40 Under 40 winner of the day: Anton Andreacchio AI, automation to drive $1b Coles savings target Number of mortgages behind on payments highest since 2010: RBA South Australians will pay more than $100 milli… Read the full…
The Central Bank is set to start recording details of personal contract plans (PCPs) for car purchases; hire purchase deals, which can be used to purchase washing machines among other things; as well as similar types of finance, on its credit register from June 30th. It will mark the first time the regulator has sought…
As mortgage marketplace HashChing goes through a seismic change and looks to branch into new areas of focus, more details have been emerging about the sudden departure of its executive team. Last week, The Adviser broke the news that the founder and the executive team of online mortgage marketplace HashChing had all left the company,…
Monsoon Accessorize will this week become the latest UK retailer to present a company voluntary arrangement as the potential saviour of its business, in the teeth of opposition from landlords. The insurrection against Monsoon, a retailer of hippie-trail inspired clothing with annual revenues of 400m, is not the only one. The insolvency procedure is used…
Multiple investigations and parallel bankruptcy filings by operational creditors will cast a shadow over the insolvency proceedings of Jet Airways (India) Ltd that its lenders have decided to initiate, experts said. A consortium of lenders led by the State Bank of India (SBI) on Monday decided to approach the National Company Law Tribunal (NCLT) after…
(Corrects day of the week to Monday in first paragraph) MILAN, June 17 (Reuters) – An Italian parliamentary committee is set to approve later on Monday a tax measure to spur mergers among banks based in the countrys poorer south, a lawmaker of the ruling League party said, warning of lenders in the region at…
To,The General Manager,Department of Corporate Services,BSE Limited,P.J. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 13th CoC Meeting of M/s Southern Online Bio Technologies Limited scheduled on 17th June,, 2019. With reference to the subject cited above, I would like to inform you that the following items were discussed in the 13th CoC meeting of Southern…
Kier Group is to cut 1,200 jobs in the UK, suspend dividend payments and sell its housebuilding and property businesses as it battles to reduce its debt pile. Shares in the troubled construction and services company tumbled to a new low of 114.9p on Monday, down 12%, after crashing 35% on Friday, as its mounting…
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo MUMBAI (Reuters) – Jet Airways creditors said on Monday they plan to begin insolvency proceedings against the Indian airline in a last-ditch bid to find a buyer for the carrier or…