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Safe harbour meets liquidator’s independence

When Australia introduced the safe harbour regime in 2017, it was widely seen as a step toward rescuing more businesses by leveraging the expertise of experienced turnaround professionals before the business reached a financial tipping point. During pre-insolvency appointments, insolvency professionals gain a deep understanding of the business, and often become a trusted advisor, even…

Here’s Why GM Went Bankrupt

General Motors headquarters at the Renaissance Center in downtown Detroit – Jetcityimage/Getty Images It’s said that dominance breeds confidence, which in turn leads to complacency. The same can be said for General Motors (GM), which, for much of the 20th century, dominated the auto industry, as the Harvard Business School noted. Controlling nearly 46% of…

Individual depositors of 9 NBFIs to get full principal, no interest, after liquidation

Government agrees to provide Tk5,000 crore required to pay back individual depositors 15 January, 2026, 10:00 am Last modified: 15 January, 2026, 11:15 am TBS Illustration “> TBS Illustration Highlights: Government to repay full principal to individual NBFI depositors Tk5,000 crore allocated for liquidating nine failing NBFIs Interest payments excluded from depositor refunds Institutional investors…