Seek restructuring support at first sign of distress – GIPC CEO urges businesses

By Kingsley Webora TANKEH Chief Executive Officer-Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation. “I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and…

IBBI Insolvency Reforms 2025 | SCC Times

On 26-5-2025, the Insolvency and Bankruptcy Board of India (‘IBBI’) notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (4th Amendment) Regulations, 2025 to enhance transparency, improve creditor protections, and streamline insolvency resolution. It came into force on 26-5-2025. Key Points: The notable changes that this Amendment brings to Insolvency and…

ASIC confirms notice of winding up and liquidation of lighting technology business Vailo

The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo. Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson…

Corporate governance deficiencies threaten Ghanaian businesses – GIPC

Weak corporate governance continues to be a major contributor to business failures in Ghana, according to Simon Madjie, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC). Speaking at a lecture organised by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), Mr. Madjie cited poor oversight, unethical leadership, and flawed decision-making as persistent…

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