What to do if the company you work for goes bankrupt

As soon as it becomes clear the company you work for is winding down and taking your job with it, it’s time to start collecting documentation, like records of employment, T4s and contracts or letters describing your pay, commission and vacation, said Neena Gupta, a Waterloo, Ont.-based partner at Gowling WLG. Read the original article…

Builder.ai collapse exposes dangers of ‘FOMO investing’ in AI

The collapse of Builder.ai exposes the growing threat of “FOMO investing,” according to an expert in tech growth intelligence. Builder had become one of Britain’s best-funded startups, but is now filing for bankruptcy due to financial problems. The insolvency comes after enormous sums were invested into the business. Big-name backers including Microsoft and Qatar’s sovereign…

Australia retail insolvencies: More to come

Store closures, social distancing policies and reduced discretionary spending have placed significant pressure on retailers and shopping centres during the COVID-19 crisis. Fortunately, Australia has had one of the strongest fiscal responses globally, which has alleviated the potential severity of the crisis to date. The Australian government recently extended its key business and wage support…