The first creditors meeting in the administration of Adelaide-based Australian Fashion Labels (AFL) will take place on January 15. The business entered voluntary administration on January 06, appointing Duff & Phelps administratorsBrett Lord and Marcus Ayres to handle the process. According to reports fromSmart Company,the ongoing effects of COVID-19 as well as legacy costs from…
If there’s anything you can count on in an extradition case, it’s that the process will not be simple or brief. Extradition requests are not common over the past decade, Australia has made an average of about a dozen extradition requests each year, and just 82 requests have been granted. Dozens of those requests are…
With the Covid-19 pandemic driving up government debt across many nations, there are growing calls for debt swaps to be used to help developing nations achieve a green recovery. This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts…
Banned adverts for two debt advice firms represent just the tip of the iceberg in terms of how people are misled, a leading advice charity has warned. The Advertising Standards Authority this week upheld complaints against two firms, National Direct Service and Fidelitas Group Ltd, about misleading claims they made about their services in paid-for…
Published on :30 Jan, 2021 , 7:57 am The National Company Law Appellate Tribunal is the Apex Tribunal in the country dealing with all aspects of Corporate Law. The judgments pronounced by the Appellate Tribunal in the areas of Insolvency, Competition and Company Law regulate all elements of a companys functioning in India; from its…
This week, online players in the UK swallowed up some of the countrys most venerable fashion retailers in a dramatic changing of the guard that suddenly gathered momentum. On Monday, digital fast fashion group Boohoo snapped up the 243-year-old department store chain Debenhams, acquiring its intellectual property and website, but not its 130 physical stores,…
PLEASANT GROVE, Utah, Jan. 29, 2021 /PRNewswire/ —Qube Money, a money management and digital banking platform, today announced the launch of its app. Designed to empower consumers to control their finances and eliminate debt, Qube Money brings the envelope budgeting method to a cashless world. “The COVID-19 pandemic accelerated the need for cashless solutions for…
Video PlayerClose WINDHOEK, Jan. 30 (Xinhua) — Financially-beleaguered Air Namibia on Friday survived liquidation attempts by defunct Belgian company ChallengeAir SA which had applied to the Namibian High Court to have the carrier liquidated. ChallengeAir SA had filed for the loss-making flag carrier’s liquidation, arguing it is insolvent and unable to repay about 16.7 million…