UK Corporate Insolvency and Governance Act: COVID-19 measures extended. What does this mean for companies and directors? – IBB Law – IBB Solicitors

On 26 March 2021, the Government passed the CIGA 2020 (Coronavirus) (Extensions of Relevant Period) Regulations 2021 (Regulations), extending some of the temporary relief measures under the Corporate Insolvency and Governance Act 2020 (CIGA 2020) until 30 June 2021. The Regulations bring further relief to companies, directors, and businesses, who would otherwise have faced a…

5k business insolvencies in months following JobKeeper, report predicts | MyBusiness – My Business

CreditorWatch, in conjunction with McGrathNicol, launched a new white paper exploring insolvency trends, options for businesses working through debts and potential sources of funding post-31 March. The credit reporting agency said that according to figures published by the Australian Securities and Investments Commission, each year, roughly 8,000 businesses are placed into external administration. But it…

NABU places former PrivatBank official on wanted list – Ukrinform. Ukraine and world news

The National Anti-Corruption Bureau of Ukraine (NABU) has placed former board chairman at PrivatBank Oleksandr Dubilet on the wanted list, Acting Chairman of the Specialized Anti-Corruption Prosecutor’s Office Maksym Hryshchuk has told Ukrinform. Dubilet is suspected of involvement in the embezzlement of UAH 8 billion from the bank before it was nationalized in late 2016.…

JobKeeper supports more than a million workers. It’s over … so what happens now? – ABC News

The coming weeks could bring onthe biggest economic shocksince the pandemic itself, with the end of the $90 billion JobKeeper wage subsidy scheme. Business owners, bureaucrats and insolvency experts are cautiously awaiting the fallout. Key points: The $90b JobKeeper wage subsidy scheme has ended, with amillion workers still relying on it JobKeeper may have been…