A federal judge’s ruling this week could shield the Sackler family from Massachusetts’ lawsuit over the family’s role in the opioid epidemic, and Attorney General Maura Healey is not happy about it. Healey was among the first state attorneys general to file lawsuits against both Purdue Pharma and members of the Sackler family – who…
The federal government appears to have declared war on retirement. Unlike other wars, this one isnt only undeclared, it wasnt even intended. But, intended or not, the federal government has taken a series of steps that have given us a war nonetheless. Ironically, this war began with Social Security in 1935. Rather than establishing a…
Sudbury MP PaulLefebvresays more could have been done to help Laurentian University before it declared itself financially insolvent, but a lack of communicationstymied the process. Laurentian’s restructuring under the insolvency processallows it to stay operating while dealing with its financial situation, but dozens of programs and staff have been cut. Lefebvre says when he met…
Bangkok, Jun 3 (EFE).- Malaysia has received 336 million ringgits ($81 million) from audit firm Deloitte as part of a settlement related to the 1Malaysia Development Berhad (1MDB) scandal, authorities reported Thursday. The country has so far received 16.386 billion ringgits ($3.9 billion) of seized and repatriated 1MDB funds, the finance ministry added in a…
A judge has refused to award legal costs to potato suppliers who successfully opposed the longest running personal insolvency application involving a vegetable wholesaler who was reckless and careless in leaving out details of his assets in his court application. Judge Mary Enright told Kilkenny circuit court yesterday that both sides should pay their own…
SUDBURY — The Ontario government said Wednesday it is committed to French-language programs at Laurentian University and welcomes federal funding to help achieve that goal. It also disputed claims from Mlanie Joly, federal Minister of Economic Development and Official Languages, who said Tuesday the province didn’t respond to an offer to help. “We have said…
SUDBURY — The Ontario government said Wednesday it is committed to French-language programs at Laurentian University and welcomes federal funding to help achieve that goal. It also disputed claims from Mlanie Joly, federal Minister of Economic Development and Official Languages, who said Tuesday the province didn’t respond to an offer to help. “We have said…
The Supreme Court of India in Lalit Kumar Jain vs. Union of India & Ors.[1] has dismissed a challenge to a notification dated 15.11.2019 issued by the Ministry of Corporate Affairs,[2] which brought into force the following provisions of the Insolvency and Bankruptcy Code (hereinafter referred to as the ‘Code’), 2016: Clause (e) of Section…
Global Investigations and Recoveries Limited was wound up in the public interest in the High Court on 17 May 2021 before DDJ Watkin. The Official Receiver has been appointed liquidator of the company. During the proceedings, the court heard that Global Investigations and Recoveries was incorporated in April 2019, with registered offices in Nottingham. The…
Small and medium-size enterprises are considered the backbone of the American and European economies. In Australia, approximately 95 per cent of all businesses are SMEs. Therefore, it is a reasonable assumption that the vast majority of formal insolvencies are also SMEs. When companies get to the point where they are insolvent, there are typically two…