The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted with an objective to provide a streamlined and time-bound process for resolving corporate distress while balancing the interests of all the involved stakeholders, including creditors, debtors, and the broader ecosystem. The IBC classified creditors into financial creditors (“FCs”),[1] who lend or invest money in the debtor,…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
By Kingsley Webora TANKEH The Deputy Attorney-General and Deputy Minister for Justice, Justice Srem-Sai, has touted the Corporate Insolvency and Restructuring Act (CIRA), 2020 (Act 1015), as the panacea to bridging the “trust deficit” in Ghana’s business community, capable of attracting investors into the country. Speaking at a stakeholders forum in Accra, the Deputy Justice…
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REVEALED: Latest business liquidations in Knox Herald Sun Read the original article here
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“This fact, coupled with high supply chain costs, has meant orchard gate returns have been insufficient to support investment in next year’s crop,” Hawken said. MyFarm – an agriculturual land syndicator – said Rākete is a lease syndicate with six orchards in Hawke’s Bay. The firm’s website says Rakete’s assets, worth $17.4m, cover a land…