The aim is to avoid bankruptcies and save jobs. Ireland already has an examinership system, modelled on the US rules that allows the courts to impose deals on creditors in order to save jobs. The proposed EU rules go further. In a bid to encourage risk-taking start-ups, the proposal would make it easier for entrepreneurs…
Related Story: Cattle researchers launch legal action against livestock genome patent American agribusiness Cargill is not actively defending Meat and Livestock’s appeal of the beef genome patent in the Federal Court. Meat and Livestock Australia has lodged a legal appeal against the patent which was granted to joint venture Cargill US…
Often small businesses in difficulty cannot afford advice and a fund would be a way of providing help, to reduce the likelihood of insolvency. Photo / Getty Images Leicester Gouwland is a director at accountancy and finance specialist William Buck Christmas Gouwland. With New Zealand business made up of predominantly small family-owned companies which suffer…
Keep an eye out for Anika Noni Rose, Winona Ryder, The Rock, Karen Gillan, Nick Jonas, and Al Pacino in the next few weeks November 22, 2016Matt Walljasper Its time for yet another roundup of whats been filming in Atlanta this past month. Its getting (slightly) colder out there, and the holidays will soon be…
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The chair of a committee probing the collapse of BHS has asked the regulator whether it can seize Sir Philip Greens assets, which include his multimillion pound yachts, to plug a pensions shortfall. In a letter to Lesley Titcomb, chief executive of The Pensions Regulator, MP Frank Field asked if the regulator could acquire assets…
The care home industry is in an even worse financial state than feared after a revision of government data revealed that nearly 100 more such businesses than previously thought have collapsed since 2010. The release of the figures has heightened calls for Philip Hammond, the chancellor, to offer financial support to care homes in the…
Nov. 22, 2016 11:00 a.m. ET Small companies in Europe will find it easier to bounce back under new rules proposed by the European Commission as it takes the first step toward harmonizing the blocs disparate insolvency framework to boost entrepreneurship and growth. The plan, launched by the European Unions executive arm Tuesday, stipulates that…
Portuguese TV channel Economico TV, owned by New Media (part of Ongoing), has filed for insolvency, according to information published on the Citius portal, reports Jornal de Negocios. The creditors in the process are Lisgrafica and ST&SF. The decision comes after Ongoing Strategy Investments was declared insolvent in August, followed by liquidation in October.…
BELEAGURED WA One Nation Senator Rod Culleton is in more hot water with Queensland Police to investigate an alleged threatening letter he wrote to a magistrate. Queensland Attorney-General Yvette DAth yesterday released a statement saying she had referred the letter Senator Culleton wrote to the magistrate at Cairns Magistrates Court to the Queensland Police Commissioner.…