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…
German insurers are bracing themselves for significantly more payment defaults in the economic downturn and expect a noticeable increase in company insolvencies in 2024 and 2025. Trade credit and surety insurers will have to cover losses of almost one… Read the original article here
Nicheliving directors save failed company from liquidation MSN Read the original article here
Video: Nicheliving directors save failed company from liquidation Nicheliving directors save failed company from liquidation We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer The directors of failed construction company Nicheliving have saved it from liquidation by buying it…
ATO tackles Glory owner for $946,880 The West Australian Read the original article here
Niche is still living: Creditors approve deal The West Australian Read the original article here
The High Court of Telangana has delivered an important decision on the issue regarding criminal liability of Directors and corporate governance. In quashing the proceedings initiated against the petitioner (former Director of a pharmaceutical company), Justice K Sujana held that the petitioner could not be held responsible for alleged violations by the accused-company since he…
The Conclave brought together global thought leaders, legal experts, financial professionals, and stakeholders to discuss the latest trends, opportunities, and challenges in the insolvency and restructuring sectors. The event focused on both domestic and international perspectives on insolvency, with a special emphasis on India’s evolving framework under the Insolvency and Bankruptcy Code, 2016 (‘IBC’). The…
SolarZero’s chief executive begged the energy company’s international owners to pay its nearly 200 employees what they were owed, just hours before it was put into liquidation, 1News can reveal. The company was placed into surprise liquidation two weeks ago with its owner, multinational investment firm BlackRock, blaming “unsustainable losses”. Former employee Magda Van Zyl…
Cafe company plunged into liquidation Geelong Advertiser Read the original article here