Salary dues to employee lands company in insolvency court – Times of India

Coimbatore: Companies with salary dues of more than Rs 1 lakh better watch out. In perhaps the first such ruling under the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT), New Delhi bench, has initiated corporate insolvency resolution proceedings (CIRP) against Noida-based Applied Electro Magnetic for failing to pay employee’s salary dues…

EVOKE PHARMA, INC. (NASDAQ:EVOK) Files An 8-K Entry into a Material Definitive Agreement – Market Exclusive

EVOKE PHARMA, INC. (NASDAQ:EVOK) Files An 8-K Entry into a Material Definitive AgreementItem 1.01Entry into a Material Definitive Agreement. On November 7, 2017, Evoke Pharma, Inc. (the Company) entered into a Manufacturing Services Agreement (the Manufacturing Agreement) with Patheon UK Limited, a wholly-owned subsidiary of Thermo Fisher, Inc. (Patheon), to which Patheon has agreed to…

Why solar ‘microgrids’ are not a cure-all for Puerto Rico’s power woes – The Conversation US

In addition to its many other devastating human consequences, Hurricane Maria left the island of Puerto Rico with its power grid in ruins. Power was knocked out throughout the island, with an estimated 80 percent of its transmission and distribution wires incapacitated. When hospitals and other critical users could not get backup power and water…

Why turnaround ‘safe harbour’ laws for company directors makes sense – The West Australian

Australia has been criticised for having punitive insolvency laws that snuff-out directors enthusiasm to save companies facing financial and operational headwinds for fear of falling on the wrong side of an insolvent trading claim. The Australian Government has addressed the apparent lack of a turnaround culture (relative to other comparable jurisdictions) by introducing a safe…