The bench found that as far as the ‘going concern’ sale in liquidation is concerned, there is a clear difference that only assets are transferred and the liabilities of the Corporate Debtor have to be settled in accordance with Section 53 of the Code In a recent case, the Mumbai bench of the National Company…
Trumponomics a trigger for insolvencies The Australian Read the original article here
Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost 50 percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern…
CP Cathro & Partners More Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value. With a reputation for delivering high quality results, we can assist your business to overcome strategic and financial challenges. You can rely on…
Leading the high-profile moves this week, White & Case has hired Richard Browne as a partner into its global M&A practice. Recognised as a , Browne joins from A&O Shearman. Browne began his career at legacy A&O in 1993 and later went on to serve as global co-head of the corporate practice and head of corporate in…
On 6 November 2024, the Federal Court dismissed the Australian Securities and Investments Commission’s (ASIC) case against Paul Ryan, a director of Dixon Advisory & Superannuation Services Pty Limited (DASS). The case alleged that Mr Ryan had breached his directors’ duties by failing to consider the interests of DASS’ creditors when the company was approaching…
Islamic Republic of Mauritania: Technical Assistance Project on Public Debt Projections: Scoping Mission Report International Monetary Fund Read the original article here
Ngaire Bogemann was in year 12 when the Morrison government announced drastic changes to increase the cost of arts degrees by 113%. Now, more than four years later, she’s among hundreds of thousands of students who will have to wait until after the next election for any reprieve on their now-$50,000 arts degrees – despite…
Many Australian disability service providers are struggling with increased costs, rising interest rates, cash flow issues and regulatory changes. It should be no surprise that NDIS businesses are increasingly facing financial distress. When facing financial challenges, it’s crucial to seek effective solutions. The Small Business Restructure (SBR) process provides assistance to NDIS providers dealing with…
Leicester City break silence after sponsor declared bankrupt MSN Read the original article here