The number of corporate insolvency cases admitted in tribunals stayed low at 164 in the three months ended 30 June despite the governments decision to lift the one-year moratorium on creditor action against defaulters in March. This is expected to offer relief to the government, which decided to lift the suspension on 25 March amid…
news, Goulburn, Heron Resources, Tarago, Woodlawn Mine, administration, FTI Consulting A company that was aiming to revive copper and zinc mining near Tarago has entered voluntary administration. Heron Resources notified the Australian Securities Exchange (ASX) of its decision on Friday. It followed failed attempts to secure what it described as a “suitable transaction” for the…
Resolution Professionals (RPs) managing the operations of distressed companies undergoing corporate insolvency proceedings will now be required to assess and report whether the company has completed any transactions to siphon off funds prior to insolvency proceedings. Under the Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016…
The Boardman Review has criticised the current lobbying transparency rules 3 min read2 hr A new report has criticised David Cameron over his role in the lobbying scandal and concluded Lex Greensill had “privileged” access to ministers. The review, commissioned by the Prime Minister, also found that businessman Lex Greensill had been given access to…