The first major review of Australia’s corporate insolvency regime in more than 30 years, the Federal Government’s Parliamentary Joint Committee on Corporations and Financial Services (‘Committee’) has announced a “root and branch” overhaul of the structures regulating corporate insolvency within Australia (‘Inquiry’). Why now? With the last major review of Australia’s corporate insolvency regime occurring…
Southern Archipelago Initiates Subsidiary Liquidation TipRanks Read the original article here
What’s behind this acceleration? The recession in corporate revenues is gaining traction amid lower pricing power and weaker global demand: As of Q2 2023, the revenue recession has been broad-based across all regions for the first time since mid-2020 (-1.9% y/y). This combined with continued high costs is squeezing profitability. As a result, liquidity positions…
Germany faces high corporate default risk in 2025, Bundesbank says Reuters Read the original article here
As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with the Insolvency and Bankruptcy Code, 2016. The same are as follows: 1. IBC – Is Dissenting Financial Creditor Entitled To Minimum Value Of Security Interest? Supreme Court Refers To Larger…
(MENAFN– Live Mint) Similar to the popular South Korean TV series Squid Game, fraudsters in China are eyeing people who are struggling financially amid a slumping Economy by promising prize money, debt restructuring, and unusual schemes. However, Chinese players are taking“self-discipline” challenges to not risk their lives, unlike the series Squid Game, which is set…
SALT LAKE CITY (KUTV) — Utah schools continue to face a growing problem: millions of dollars in unpaid lunch debt — which has inspired grassroots efforts and gotten lawmakers to look for solutions. One effort is led by DJ Bracken, founder of the Utah Lunch Debt Relief Foundation, a non-profit organization which aims to eliminate…
Bill Maher confronted Jay Leno, 74, with a “conspiracy theory” that the former Tonight Show host’s spate of accidents in recent years were the result of a gambling addiction gone wrong. “It’s a conspiracy theory since you’ve had three accidents that you actually have gambling debts and are being beaten up by the mob,” Maher…
Jay Leno Responds After Bill Maher Confronts Him Over Gambling Debt ‘Conspiracy Theory’ as Reason for His Numerous Injuries MSN Read the original article here
Jay Leno has had a rough couple of years. First, in November 2022, Leno set his face on fire while declogging the fuel line on his 1907 White Steam Car in his garage. While that could happen to anyone, about two months later, he broke his collarbone and two ribs and cracked two kneecaps in…