Regulator ASIC meets with major insolvency firms to assess market risks of private credit

The Australian Securities and Investments Commission will meet with the country’s largest insolvency firms to gauge market risks arising from private credit as it prepares a second review into the sector. The corporate regulator is holding a roundtable next week with business restructuring and insolvency firms – including Alvarez and Marshal, BDO Australia, EY, FTI…

High Court strikes out KUSCCO liquidation petition, says co-operative societies governed by separate law – Capital FM Kenya

NAIROBI,Kenya Sep 29 – The High Court in Nairobi has struck out a petition seeking the liquidation of the Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO) under the Insolvency Act, ruling that co-operative societies are governed by a separate statutory framework. Justice Rhoda Rutto of the Milimani High Court held that the court…

Bankrupt legend sells RWC medal

Former England loose forward Lawrence Dallaglio has been forced to part with his 2003 World Cup winner’s medal and other memorabilia. The 54-year-old, who was declared bankrupt last year, has put the medal from England’s triumph in Australia up for auction with an estimated value of £50,000 to £80,000 (R1.1-million to R1.7-million). Dallaglio started at…