Good morning, here’s what you need to know today. Key Highlights Najib closer to bankruptcyFormer prime minister Najib Abdul Razak failed to stay a court ruling for him to pay RM1.69 billion in taxes to the Inland Revenue Board (IRB).This clears the way for the IRB to move forward with the bankruptcy proceeding against him,…
14 June 2021 Consultancy.com.au 2 min. read Virgin Australia has announced the appointment of Bain & Company senior partner Dave Emerson as its new Chief Commercial Officer, with Emerson having been aiding the carrier since last year. Dave Emerson is the head of Bains global airline practice and has been leading many of Virgins business…
By XIMENA BUSTILLO 06/14/2021 10:00 AM EDT With help from Gavin Bade Editors Note: Weekly Agriculture is a weekly version of POLITICO Pros daily Agriculture policy newsletter, Morning Agriculture. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the days biggest stories.…
A day before the start of the voting process, the two contenders NBCC and Suraksha held separate webinars on Sunday with hundreds of homebuyers to explain their resolution plans and address doubts of flat owners. In the webinar, NBCC expressed confidence that it will get approval from Yamuna Expressway Industrial Development Authority (YEIDA) to hive…
Msinfosys Support Ltd and MS Global Support Ltd were wound up in the public interest in the High Court on 9 March before Judge Barton. The Official Receiver has been appointed liquidator of the companies. The court heard that the two IT companies generated unsolicited pop-up error messages and when people phoned-up to check what…
Macaus gambling market could face a radical restructuring as local governments approach approval for the use of Chinas digital yuan in casinos. On Tuesday, Macaus Chief Executive of Macau, Ho Iat-seng, told the Legislative Assembly Digital currency.. Mr Ho said Chinas special administrative region government wants to strengthen its ability to thwart other criminal factors,…
COLUMBUS, Ohio–(BUSINESS WIRE)–Washington Prime Group Inc. (NYSE: WPG) today announced that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Bankruptcy Court). The Company enters Chapter 11 after executing a…
Rousselle Industrie SA, a maker of machinery for paint manufacturers in northern France, almost collapsed in 2020 after the pandemic disrupted supply and its clients businesses. The 10-person company was saved by the equivalent of $360,000 in loans under a government program that guaranteed debt and deferred interest payments for 12 months. One year later,…
A deceased estate is insolvent when the deceased persons liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow. A hierarchy of payment exists for deceased insolvent estates. The executor, or personal representative, is responsible for ensuring debts are…
The conference will take place on 19 November 2021 and the purpose is to: provide a platform for current insolvency research and technical discussion facilitate a stronger link between academia, the insolvency sector and policy-makers encourage comment and feedback from interested parties The working title and theme of the conference are: Forward Thinking: Insolvency strategies…