Liquidation liabilities under new Company Law | China

Article 232 of China’s new Company Law expressly specifies directors as liquidation group members, while article 238 stipulates their mandatory liquidation duties and associated liabilities. These substantive amendments to the obligations of liquidators have altered the application of liability standards and exemption criteria. This article explores these legal developments through representative case studies, offering preliminary…

Proof & Company places Australian business into voluntary administration

Asia Pacific’s leading independent spirits distributor Proof & Company has placed its Australian business into voluntary administration, citing “a local economic downturn” and a “changing” Australian spirits industry landscape. The administration process applies solely to its Australian subsidiary Sa’Pere Drinks, which is currently trading as Proof & Company Australia and includes Australian brands such as…

CBA to implement HECS debt lending assistance

The major bank has announced policy to help those with student debt access funding for home loans. The Commonwealth Bank of Australia (CBA) has introduced changes to how HECS-HELP debt is assessed, allowing better access to funding. You’re out of free articles for this month Coming into effect tomorrow (9 April), CBA will no…