Court-appointed insolvency firm takes over HectorDAO after $2.7M hack – TradingView

Insolvency consultancy firm Interpath Limited has taken full custody of the Hector decentralized autonomous organization (Hector DAO) treasury as of February 21. The company, also known as “Interpath Advisory,” has likewise taken control of the HectorDAO social media channels, which it intends to use to communicate with investors going forward, according to announcements on the…

Sussan Ley says manufacturing insolvencies have tripled in two years due to the Albanese government. Is that correct? – ABC News

The claim The Coalition has accused the government of laying waste to the manufacturing industry, citing an increase in the number of company insolvencies on Labor’s watch. In a January 16 opinion piece published in The Australian, Deputy Opposition Leader Sussan Ley blamed Prime Minister Anthony Albanese’s “lack of an economic plan, failed industrial policies and distracted…

Bankruptcy reform in Australia | Restructuring touchpoint | Global law firm – Norton Rose Fulbright

Bankruptcy in the Australian vernacular refers to personal insolvency, it does not extend to corporates or other legal entities. Australias personal insolvency laws have not been subject to a comprehensive review since the Harmer Report in 1988, the Australian COVID-19 moratoriums have now come to an end, and many Australians are currently experiencing financial stress…

Nottingham: Commissioners brought in to run 'bankrupt' council – BBC

LDRS By Greig Watson BBC News, Nottingham The government has appointed commissioners to help run Nottingham City Council after the authority declared itself effectively bankrupt. The Labour-run authority issued a section 114 notice on 29 November, amid an in-year budget gap of 23m. Changes at the council have been overseen by a government-appointed board following…

Federal Court rules Seafarms' major Kimberley prawn farm insolvent, appoints liquidators – ABC News

In short: The Federal Court has ruled Seafarms’ $2 billion prawn project on a NT cattle station is insolvent, pending an appeal. The project entered voluntary administration in February 2023. What’s next? The ABC understands Project Sea Dragon will appeal the decision. Renewed plans to build one of the world’s largest prawn farms on a remote Northern…

Century-old Bridge and Roof company escapes insolvency proceedings – BusinessLine

One-hundred-and-four years old Bridge And Roof Company, a miniratna company under the Ministry of Heavy Industries, has escaped insolvency proceedings after the Appellate Tribunal set aside NCLT Kolkata Benchs order admitting the CIRP against the central public sector enterprise. The National Company Law Appellate Tribunal (NCLAT) set aside the National Company Law Tribunals order after…