Private sector participation in G20 debt relief ‘essential’: IMF – Deccan Herald

Private sector participation will be essential to ensuring the success of a debt relief initiative launched by the Group of 20 major economies for the world’s poorest countries, the chief economist of the International Monetary Fund said on Monday. The G20’s offer to suspend official bilateral debt service payments by the poorest countries would likely…

Implications of new moratorium and exclusion of directors’ liability in the UK now Corporate Insolvency and Governance Act 2020 becomes law (Updated on June 29, 2020) – JD Supra

On 26 June the long-awaited Corporate Insolvency and Governance Act 2020 came into force and introduced emergency measures to provide protection to directors of companies which continue to trade notwithstanding the threat of insolvency, and to prevent, where possible, companies entering into insolvency due to COVID-19. Wrongful trading provisions in the Insolvency Act 1986 will…

CQ pub liquidation finalised with $800K debt outstanding – Morning Bulletin

THE COMPANY behind the Bouldercombe Royal Hotel and associated hotels has been officially wound up, with more than $800,000 that will remain in outstanding debt. Roly Investments QLD Pty Ltd with director Roland Gooding operated businesses at the Royal Hotel, Bouldercombe, Princes of Wales Hotel, Blackall and Commercial Hotel, Longreach. Appointed liquidator David Hambleton of…

Corporate Insolvency and Governance Act 2020 comes into force (Updated on June 29, 2020) – JD Supra

On 26 June, the long-awaited Corporate Insolvency and Governance Act 2020 became law providing the UK and Northern Ireland with temporary and permanent changes to insolvency law aimed at helping businesses manage the economic implications of COVID-19 including: Permanent measures Company moratorium a breathing space against creditor action, initially for 20 business days but extendable,…