Brendan O’Connor says insolvency reforms will go ahead, but safeguards are needed – SmartCompany.com.au

Shadow Minister for Employment, Industry and Small Business Brendan O’Connor. Source: AAP Image/James Ross. The pandemic has hit small businesses hard, with many about to go to the wall. At the end of this month an avalanche of insolvencies is predicted after a regulatory freeze on bankruptcies expires. To counter this, the Treasurer and Assistant…

Dubai’s Sprii enters liquidation after running out of cash | KrASIA – KrASIA

Dubai-based baby products ecommerce platform Sprii has been placed into liquidation after running out of cash,MENAbytes has learned. A board resolution was passed to place the company into liquidation, appointing accounting firm Grant Thornton as its liquidator. Spriis founder and CEO Sarah Jones wrote a letter to stakeholders informing them about the decision. As a…

How cash-strapped businesses are turning claims into money without the related risk and expense – World Finance

Author: Ellora MacPherson, Chief Investment Officer at Harbour Litigation Funding December 7, 2020 The whos who of doomed retailers makes for stark reading. And similar stories can be found in many economies around the world. There is no denying that while the pandemic has hit many sectors hard, high street retailers have suffered significantly with…