FW: Based on your experience, what steps do supply chain companies need to take following the insolvency of a major customer? How important is early action to manage the risks? Tilley: Insolvencies do not occur without some warning signs. At the first sign of distress, overdue receivables should be collected before further shipment and no…
In September last year, the US District Court for the District of Massachusetts gave a ruling to define bitcoin and other cryptocurrencies as commodities. Now it remains to be seen whether bankruptcy courts will follow this precedent when considering cryptocurrency in valuations and distributions. 17.05.2019|in Forecasts There is continuing legal uncertainty concerning the approach…
Sydney-based Optus services provider Anderson IT has entered into voluntary liquidation with more than $500,000 owed to creditors. The 10-year-old company, which ran an Optus Business Centre in North Sydney, called in liquidators on 3 June this year facing more than $1.1million in total financial liabilities. Subsequent liquidation proceedings revealed the insolvent company owes Optus…
Western Sydney University nursing student Kaitlyn Hooker. Photo: Melinda Jane Share this story For most higher education seekers, the process is simple. Pick a profession, enrol in a degree and worry about the debt later. But now, with the HECS-HELP repayments threshold dropping for the second time in two years, students may have to pay…
Citigroup C is set to merge two key divisions in its sales and trading unit foreign-exchange and rates businesses. This move will mark the first major overhaul after Paco Ybarra took position as head of institutional-clients group in April 2019. The restructuring is expected to support the bottom line as the two divisions complement each…
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…
After opioid maker Insys Therapeutics last week filed for bankruptcy protection five days after securing a $225 million settlement with the federal government, speculation has grown that other embattled opioid producers could take the same path. Insys makes the Subsys brand of the drug fentanyl, an opioid that is effective in easing pain for cancer…
Dwindling funds had forced a fledgling medical device company to adopt a wholesale approach. When I first sat down with them, I quickly realized that they needed a shift in sales strategy. If they were going to stay afloat in a sea of overwhelming competition, they needed to shift their attention away from small accounts…
David Donelson was divorced and almost $400,000 in debt when he moved his life and career to Dubai. He wanted to escape New York City and travel the world, and also put his life back together, which meant, among other things, finally confronting his six-figure bill from dental school at Tufts University. People of our…
Subject:Intimation of the Fourth Meeting of Committee of Creditors(COC) of Punj Lloyd Limited under Regulation 30(2) read with Clause (g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 (2) of Securities and Exchange Board…