Friday, 14 June 2019, 8:57 amPress Release: RITANZ The Restructuring Insolvency and Turnaround Association of New Zealand (RITANZ) has welcomed news that the Insolvency Practitioners Bill has passed into law on Wednesday, almost a decade after it was first introduced into Parliament. The Insolvency Practitioners Regulation Bill and the Insolvency Practitioners Regulation (Amendments) Bill are…
With student debt higher than ever in America, companies are finding unique ways to help their employees out of the student-loan hole. As of June 2019, the national student debt is at an all-time high of nearly $US1.6 billion, second only to national mortgage debt. According to the Society for Human Resource Management (SHRM), around…
A plan to recover the student debts of people who have died was under consideration by the Federal Government, documents obtained by the ABC under Freedom of Information reveal. The Federal Education Department estimated the move could save taxpayers $46 million over a decade, but it acknowledged it would be controversial. The Government eventually…
Share to facebook Share to twitter Share to linkedin Democratic presidential candidate Bernie Sanders. ASSOCIATED PRESS This is the latest in Adam Minskys series on the 2020 presidential candidates positions on student loan debt. Check out the prior articles on Joe Biden, Pete Buttigieg, and Kamala Harris. Senator Bernie Sanders is one of the frontrunners…
Politicians condemned as a complete whitewash a long-awaited report by the UKs financial regulator over why it failed to take action against the Royal Bank of Scotland over its disgraced restructuring unit. In a 78-page report published on Thursday, the Financial Conduct Authority largely repeated conclusions aired last summer when it said it could not…
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Court 2 of the Chennai Bench of the National Company Law Tribunal (NCLT) has, Vide its order dated June 07,2019 admitted the Petition/Application No.1BA 243/2019 filed by State Bank of India under Section 7 read…
Marina Bay Sands (MBS) has dropped a lawsuit worth more than SG$13 million against Australian high roller Wang Zhi Cai, ending a case that stretches back to 2013. According to The Straits Times, MBS lawyers filed a notice of discontinuance with the High Court last week, with the matter said to have been resolved amicably.…
Retrenchments rose in the first quarter of this year compared to the previous quarter, due to business restructuring and reorganization, said Singapores Ministry of Manpower (MOM) on Thursday. Among the sectors, retrenchments were driven by the manufacturing industry, the ministry said. A total of 3,230 workers were laid off in the first three months of…
Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business. June 13, 2019Emiliano Bellini A PV plant built by Enerray in Turkey, where the company has suffered from its geothermal investments. Image: Enerray Italian conglomerate Gruppo Maccaferri has begun insolvency…
Video PlayerClose WELLINGTON, June 13 (Xinhua) — A new legislation requires liquidators in New Zealand to be licensed and meet basic standards of honesty and competence, aiming to protect creditors and the public, Commerce and Consumer Affairs Minister Kris Faafoi said on Thursday. The Third Reading of the Insolvency Practitioners Regulation Bill and the Insolvency…