news, local-news, Goulburn, Tarago, Heron Resources, Woodlawn Mine, shutdown, Orion Finance, insolvency, Tim Dobson The company operating Woodlawn Mine is negotiating with financiers in an attempt to bat off insolvency. Heron Resources CEO Tim Dobson says the company is not trading insolvent and that scenario is a “worst case.” The company suspended operations in March…
In response to the COVID-19 pandemic, the government significantly amended Indias Insolvency and Bankruptcy Code, 2016, with the objective of protecting businesses during these volatile times. In brief, the amendments to the bankruptcy code include an increase in the threshold for initiation of corporate insolvency resolution process to Rs 1 crore and what seems to…
Featured image: Stock The certainty of energy security in South Africa depends on Eskoms functionality and its operational model, which has reached a tipping point writes Ashley Nyiko Mabasa. It is the role of the state to ensure that there is energy security in South Africa, particularly amidst the COVID-19 pandemic. The pandemic has exposed…
Friday, 10 July 2020, 1:42 pmPress Release: Debtfix In April 2020, Debtfix co-founder Christine Liggins became New Zealands first accredited insolvency practitioner specialising solely in the field of personal insolvency appointments. This allows Mrs Liggins to use the insolvency practitioner designation and be listed on a publicly accessible register. As an accredited insolvency practitioner, Mrs…
Like the frequently cited daily infections rate curve, Mr Coghlan said flattening the curve for ill companies was going to need banks to make tough early decisions even as they and the government keep providing targeted support. “To be honest, I think that if that occurs, that would probably give us a much smoother curve…
Thursday, July 9, 2020 Your Questions Answered At our webinar on 2 July 2020 we examined the impact of the CIGA for corporates engaged with third parties who might enter into an insolvency process. We have put together this question and answer sheet responding to the questions raised which, together with our quick guides, will…
Some Australians have used the governments early access to super scheme in desperate bid to buy a home. Despite being ineligible for it, they have simply declared themselves to be infinancial hardship in order to withdraw up to $20,000 of their superannuation or $40,000 for couples to use as a home deposit. This government let…
National cabinet will meet on Friday, with the Melbourne outbreak to dominate deliberations. Mr Morrison revealed he would take a proposal to the meeting to slow down the number of Australians returning home from overseas in a bid to take pressure off the hotel quarantine system after some states warned they were being overwhelmed. Following…
The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Despite its spectacular descent into insolvency last month, Wirecard‘s share price has not yet hit zero. Last week, Munich prosecutors raided the offices of the German payments giant,…
The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to check the spread of the virus, the Indonesian government has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or PSBB), requiring most businesses to cease or at least pare down…