ASIC disqualifies director from managing companies for trading while insolvent – Mirage News

Grant Evan Donley of Sydney, NSW has been disqualified from managing companies for two years for his role in the failure of three companies and trading while insolvent. The three construction companies specialised in interior fit-outs. They include: Conceptual Interiors NSW Pty Ltd A.C.N 165 311 795 (Conceptual Interiors NSW); Conceptual Interiors Group Pty Limited…

Healey Says Sackler Family Trying To “Hijack And Abuse Bankruptcy Process” To Shield Themselves – wgbh.org

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…

Politicians point fingers over Laurentian University insolvency – CBC.ca

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…

Malaysia reports $81 million from Deloitte in 1MDB settlement – La Prensa Latina

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…

Ontario says it welcomed offer from federal government to help save French programs at Laurentian University – CTV Toronto

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…

Province says it welcomed offer from federal government to help save French programs at Laurentian University – CTV Toronto

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…

Personal Guarantors Under The Insolvency And Bankruptcy Code, 2016 – Live Law – Indian Legal News

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…