India’s Bhushan, Essar Steel among 12 firms being moved to insolvency courts -sources – Daily Mail

By Reuters Published: 21:31 +10:00, 16 June 2017 | Updated: 21:31 +10:00, 16 June 2017 e-mail By Devidutta Tripathy MUMBAI, June 16 (Reuters) – India’s central bank has asked lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd, Monnet Ispat and Energy Ltd, sources with direct knowledge of the…

Super tax reforms take effect – Financial Standard

The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O’Dwyer said the amendments under the Treasury Laws Amendment (2017 Measures No. 2) Bill will “improve the fairness, sustainability, and flexibility of the superannuation system.” The amendments ensure superannuation…

Insolvency expert urges ‘professional scepticism’ towards data mining – Lawyers Weekly

As the focus on data analytics ramps up among the legal profession, one insolvency expert has highlighted that the need for professional scepticism is stronger than ever before. Professional scepticism is described as an independent state of mind that can form an opinion without being affected by factors that compromise judgement, according to Jirsch Sutherland…

Model who wed in £5m Blenheim Palace bash raised on Manchester council estate by mum once declared bankrupt – Mirror.co.uk

The model who married the son of the world’s richest black woman in a £5m fairytale wedding at Blenheim Palace was raised on a Manchester council estate by a mum once declared bankrupt, it has emerged. Iranian Nazanin Jafarian Ghaissarifar tied the knot with Folarin Alakija, one of four sons to 66-year-old oil tycoon Folorunsho…