Henry Paulson, former US treasury secretary and Goldman Sachs chairman, is believed to have once said that regulation always lags innovation. It is also true, conversely, that good regulatory frameworks always anticipate changes, or require minimal tweaking as changes occur. Indias bankruptcy regulator, the Insolvency and Bankruptcy Board of India (IBBI), has been forced to…
ROUNDTABLE September 2021Rewriting the rulebook: building a post-pandemic boardTo realise a companys vision, the right team will need to be assembled.www.financierworldwide.comIssue 225 September 2021FEATUREConsolidating US healthcare:a paradigm shift in delivery SPECIAL REPORTPrivate equityROUNDTABLECorporate bankruptcy &insolvency litigationTHIS ISSUE:CORPORATE BANKRUPTCY & INSOLVENCY LITIGATIONThe corporate bankruptcy & insolvency litigation landscape has experienced a turbulent period over the past…
Many American workers are carrying thousands of dollars in debt, and most say it impacts their financial security. A Northwestern Mutual study found that U.S. adults who carry debt hold an average of $23,325, excluding mortgages. Seventy-eight percent of respondents also believe this affects their ability to achieve financial confidence. Because of their debt, 29%…
When police executed a search warrant at the Brighton home on April 16, they say, they found steam cleaners, as well as bottles of ammonia and bleach. Senior Detective Stewart told the court police believed there was a high probability that Mr Newman knew the location of Ms Hamkas remains. I dont have any direct…
Creditors of NMC Health have approved its proposed deeds of company arrangement (DOCA) restructuring process, a move that allows 34 companies of the UAEs biggest healthcare provider to exit administration. NMC secured approval for its restructuring proposal from 95 per cent of its creditors on Wednesday, the company said in a statement. The companies that…
Boydton, Va. There was a time when Black farms prospered. Just two generations out of slavery, by 1910 Black farmers had amassed more than 16 million acres of land and made up about 14 percent of farmers. The fruit of their labors fed much of America. Now, they have fewer than 4.7 million acres. Black…
THe National Company Law Tribunal today admitted a personal insolvency petition against the beleaguered promoter of Videocon Industries Ltd — Venugopal Dhoot. This comes a day after the ministry of corporate affairs secured permission to attach the property of Dhoot. Also read: NCLT orders attachment of Venugopal Dhoots properties with immediate effectAlso read: Relief to…
Law360, London (September 1, 2021, 4:43 PM BST) — A provider of self-invested personal pensions has entered into liquidation in a move to help it deal with complaints from customers, the City watchdog has said, after it found that the company won business from unauthorized introducers. DAC Pensions Ltd. has placed itself into creditors’ voluntary…
A lot of people arent aware of them, but the federal government does offer programs to help with debt. Admittedly, most such efforts are designed for very specific situations and scenarios, but there may be something available that can benefit you. Heres how to use government debt relief programs. Internal Revenue Service Initiative If debilitating…
The High Court has overturned Personal Insolvency Arrangements (PIAs) that would have allowed a married couple write off a debt of approximately 250,000 owed to a bank. In a detailed judgement Mr Justice Mark Sanfey upheld EBS DACs objections to the Circuit Court approving PIAs in respect of Niall McKiernan, a garda sergeant, and his…