Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. An old TV commercial once promised, “Only Publishers Clearing House can make you so rich, so fast!” But, as some unlucky winners discovered this year, they can also make your fortune disappear just as quickly. That’s what happened to…
The Australian Taxation Office will try to force beleaguered publican Jon Adgemis into bankruptcy by the end of the week after succeeding in a bid to replace businessman Richard Gazal as the plaintiff in a lawsuit against him. In a Federal Court room on Monday, Justice Elizabeth Raper allowed the deputy commissioner of the ATO…
This year’s unfavourable weather conditions could bankrupt some potato growers in Latvia, Aiga Kraukle, Chair of the Board of the Union of Potato Growers and Processors, told Latvian Radio on 30 September. It will take farmers more than a year to recover from this year’s bad situation, but each farmer’s situation will vary depending on…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
By Rukayat Moisemhe Insolvency experts have called on banks and practitioners to align loan agreements and practices with the rescue provisions of the Companies and Allied Matters Act (CAMA) 2020. Mr Albert Folorunsho, the Vice President, Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), made the call at BRIPAN annual conference gala night on…
Insolvency experts have called on banks and practitioners to align loan agreements and practices with the rescue provisions of the Companies and Allied Matters Act (CAMA) 2020. Vice President, Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), Albert Folorunsho, made this call at BRIPAN’s annual conference gala night yesterday in Lagos. The event brought…
UN Reforms Latest News India’s External Affairs Minister S. Jaishankar addressed the 80th session of the UN General Assembly. During this speech, he emphasised that the UN must be reformed and member states — led by active Global South contributors like India — must strengthen cooperation, confront terrorism, and restore multilateral credibility to…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
Singapore continues to develop its status as an upcoming international hub for debt restructuring. The nation-state updated and strengthened its restructuring and insolvency laws in recent years, primarily through enacting the omnibus Insolvency, Restructuring and Dissolution Act 2018 (IRDA) and incorporating the UNCITRAL Model Law on Cross-Border Insolvency (the Model Law) into Singapore law. The…
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…