Rose Kenney, Gianni La Cava and David Rodgers November 2016 1. Introduction We explore the determinants of corporate failure in Australia. Our paper is motivated by two observations: corporate failure is closely linked to financial stability risks, and it is also associated with fluctuations in the business cycle. Despite these close links, there has…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
The Supreme Court has held that any delay in arriving at the conclusion that the company is to be liquidated is detrimental to a Company, especially when the Company has long awaited timely and positive action from the successful resolution applicant as regards the implementation of the approved resolution plan. The court added that liquidation…
IBC speeded up recovery of Rs 10.22 lakh crore from defaulting firms: Govt Daijiworld.com Read the original article here
Singapore Oil Tycoon Lim Oon Kuin Bankrupt After Empire’s Dramatic Collapse MSN Read the original article here
Former tycoon Lim Oon Kuin, founder of Hin Leong Trading, was declared bankrupt after his oil empire’s collapse amid fraud allegations and a USD 3.59 billion settlement. Lim Oon Kuin, the founder of Singapore-based oil trading company Hin Leong Trading Pte., has been officially declared bankrupt. Known as “OK Lim,” the 82-year-old once helmed a…
Singapore Oil Tycoon Lim Oon Kuin Bankrupt After Empire’s Dramatic Collapse (File Photo) New Delhi: Lim Oon Kuin, the former oil tycoon and founder of Hin Leong Trading Pte., has been declared bankrupt in Singapore. The bankruptcy order, issued on December 19, also applies to his children, Lim Huey Ching and Lim Chee Meng, who…
PUBLISHED : 29 Dec 2024 at 15:42 Small Medium Large Hin Leong founder Lim Oon Kuin arrives for sentencing at the State Courts in Singapore Nov 18, 2024. (Reuters file photo) … Read the original article here
Student-loan borrowers are entering the new year with uncertainty on their payments and debt relief. Ongoing litigation with the SAVE repayment plan makes it difficult for some borrowers to plan financially. Biden also officially withdrew his broad debt relief plans, and any future relief under Trump is unlikely. Wade Burt, 67, is entering the new…
Australian property group behind 41-level Gold Coast tower enters administration MSN Read the original article here