New Delhi: Officials of Finance and Corporate Affairs ministries today discussed an action planfor implementation of the insolvency and bankruptcy law to make debt recovery process more effective. The Insolvency and Bankruptcy Code, 2016 — notified by the government in May — seeks to consolidate and amend laws relating to reorganisation as well as insolvency…
A Queensland-based financial services company has collapsed into liquidation with millions of dollars in debts. The Australian Tax Office is reportedly the largest creditor of Gold Coast-based firm Members Alliance and its related entities, with the Gold Coast Bulletin reporting the ATO is owed $29 million. Of that figure, the company, which was evicted from…
09 August 2016 Emma Ryan View Comments A former litigation specialist for Holding Redlich has taken up a new position at a Queensland law firm. Alexandria Geokas (pictured)…
Oil doesn’t just float on water. It’s pretty buoyant on debt, too. My colleague Lisa Abramowicz wrote earlier this week about the flood of money into emerging market debt this year. Just as investors are now willing to take negative yields on trillions of dollars in developed-economy sovereign debt, the premium they demand for bonds from…
Aug 10, 2016 12:33 pm ET Allegations of poor corporate governance practices at U.K. retailer BHS has led some to call for greater oversight of private companies, but governance specialistsand even legislatorssay that instead of more regulation, the focus should be on improving corporate culture. Member… Read the full article at: http://blogs.wsj.com/riskandcompliance/2016/08/10/governance-at-private-cos-best-tackled-by-changing-culture/
The first time Angela Lawson got married, she eloped. So for her second wedding, she wanted the full bridal experience. But her experience has been left somewhat in tatters after the collapse of a Fitzroy bridal boutique, Primrose and Finch. Kerry and Matthew Smith, whose business Primrose and Finch went into liquidation in late July…
A COMPANY which laid off 45 staff back in June this year is now going into liquidation, with former workers still awaiting entitlement payments of over $400,000. Geiger Electrical laid off workers in Mackay, Townsville, Harvey Bay, Yeppoon and Rockhampton in June, but entitlements are still owed. Management said the initial redundancies were due to…
BREAKING: The collapse of a major electrical company has left Toowoomba families on the brink of financial disaster, with some up to $400,000 out of pocket, a union claims. The Electrical Trades Union is calling on Geiger Group to pay all outstanding entitlements to employees following the liquidation of five Geiger companies on Monday. In…
Deena Coster The company behind The Ugly Duck Restaurant and Bar in Fitzroy has been placed into liquidation. A New Plymouth establishment has been forced to close its doors. The Ugly Duck Restaurant and Bar in Fitzroy has stopped trading after it was put into liquidation on August 2. Jigga Limited, which trades as The Ugly Duck, was the…
Deena Coster The company behind The Ugly Duck Restaurant and Bar in Fitzroy has been placed into liquidation. A New Plymouth establishment has been forced to close its doors. The Ugly Duck Restaurant and Bar in Fitzroy has stopped trading after it was put into liquidation on August 2. Jigga Limited, which trades as The Ugly Duck, was the…