No Cookies | Herald Sun

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No Cookies | Daily Telegraph

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The Corporate Insolvency and Governance Act 2020

Click here to view this briefing in PDF format. Temporary measures Wrongful trading UnderThe Insolvency (Northern Ireland) Order 1989, a court can make an order requiring directors to personally contribute to the assets of a company which has gone into insolvent liquidation where directors have allowed that company to continue to trade when they knew…

No Cookies | Daily Telegraph

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ED raids 17 locations linked to Suraksha ARC, YES Bank loan case

The Enforcement Directorate on Tuesday raided 17 locations in Mumbai, Khandala and Delhi linked to Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd and Khyati Realtors Pvt Ltd. The raids focused on the companies’ promoters, directors, employees, and a former YES Bank official as part of a money-laundering investigation into suspected irregularities in loan…

G7 vows to aid vulnerable middle-income nations

EVIAN-LES-BAINS, France/WASHINGTON–G7 leaders on Tuesday pledged ‌to step up efforts to address high debt burdens among ⁠developing countries, including middle-income countries not ⁠currently eligible for a debt relief initiative launched by the broader Group of 20 large economies during the COVID-19 pandemic. In a joint declaration ⁠issued after a session that included guest countries Kenya,…