‘A humble gentleman’: corporate and sporting titan dies at 80 – The Australian
‘A humble gentleman’: corporate and sporting titan dies at 80 The Australian Read the original article here
IBBI refines assignment module to enhance insolvency process efficiency, ET LegalWorld
Highlights The Insolvency and Bankruptcy Board of India has refined the Assignment Module to streamline the assignment process for Insolvency Professionals and improve record-keeping. Insolvency Professionals are now required to add assignments to the IBBI electronic portal within three days of their appointment, with specific deadlines set for ongoing and closed cases. The new directions…
Debt relief for developing nations must top agenda of forthcoming Doha Social Summit
– Advertisement – – Advertisement – – Advertisement – UNITED NATIONS, Feb 12 (APP): Pakistan has called for putting “front and centre” financial justice that includes debt relief for developing countries among the priorities of the upcoming Second World Social Summit in Doha, Qatar, as part of a decisive move to build a more just…
Debt Awareness Week Helps Americans Confront Rising Debt: How Many Days Do People Have to Work Just to Pay Off Debt? – PR Newswire
Debt Awareness Week Helps Americans Confront Rising Debt: How Many Days Do People Have to Work Just to Pay Off Debt? PR Newswire Read the original article here
Dentons – Doing business in Australia
Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…
40,000 companies are close to collapse, insolvency experts say — These are the sectors most at risk
Figures from the Insolvency Service revealed that 25,158 firms across England and Wales went bust last year (Peter Byrne/PA) (PA Wire) More than half a million UK companies are in “significant” financial distress, and more than 40,000 in “critical” distress, according to insolvency experts Begbies Traynor’s latest “red flags” report. The report found that 554,554…
NCLT Sets Aside Insolvency Order Against Logix Infra
In a rare move, the National Company Law Tribunal (NCLT) has revoked its own July 2023 order that initiated insolvency proceedings against real estate firm Logix Infrastructure. The tribunal ruled that the plea, filed by financial creditor Experts Realty Professionals, was made with “fraudulent and mala fide intentions” and involved collusion between the creditor and…
Musk warns of US ‘bankruptcy’ without spending cuts
WASHINGTON: Tech billionaire Elon Musk, who has been tapped by President Donald Trump to lead federal cost-cutting efforts, said Tuesday that the United States would go “bankrupt“ without budget cuts. Musk leads the efforts under the newly created Department of Government Efficiency (DOGE), and was speaking at the White House with Trump, who has in…
Indofarma Global Medika declared bankrupt amid ongoing graft investigation | INSIDER
PT Indofarma Global Medika, a subsidiary of State-owned pharmaceutical company PT Indofarma (INAF), was declared bankrupt by the Supreme Court through its ruling on Monday, February 10, 2025. “The status of the decision is granted,” said the Court ruling as quoted on Tuesday, February 11, 2025. In addition, the Court ruling also appointed four curator…
Carrington Dean acquires personal insolvency book from Interpath
Personal insolvency provider Carrington Dean has announced that has acquired personal insolvency business, Cleanslate from Interpath. Cleanslate is part of Interpath, an international advisory firm which specialises in the provision of advisory and restructuring services to businesses, their investors and their stakeholders. Carrington Dean is based in Scotland and is part of the Creditfix Group.…