The day debt-ridden Texas oil producer MDC Energy filed for bankruptcy eight months ago, a tank at one of its wells was furiously leaking methane, a potent greenhouse gas, into the atmosphere. As of last week, dangerous, invisible gases were still spewing into the air. By one estimate, the company would need more than $40…
“The resurgence of cases in Victoria and warnings in NSW highlight the day-to-day uncertainty of this health crisis and the damage that uncertainty does to the economy, he said. The federal government was quick to take critical steps to provide relief but the impacts from this pandemic will continue beyond the original six-month reprieve. Mr…
Member Article Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of the corporate and personal insolvency statistics for June: The June statistics show both corporate and personal insolvencies fell compared to Mays figures. The decrease in the number of…
Eleanor Temple, chair of R3 in Yorkshire and barrister at Kings Chambers in Leeds Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of the corporate and personal insolvency statistics for June: The June statistics show both corporate and personal…
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…
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…
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…