HWL scores 3 partners in one week – Lawyers Weekly
18 July 2016 Emma Ryan View Comments National law firm HWL Ebsworth Lawyers has recently announced the appointment of partners from three major firms. Michael Palfrey and Sam…
A review of the Corporate Insolvency Regime – JD Supra (press release)
On 25 May, the Insolvency Service published a consultation paper on options for reform of the UK’s corporate insolvency regime. Their impetus is for the UK to remain at the forefront of insolvency best practice to ensure businesses, investors and creditors remain confident that best outcomes can be achieved when faced with financial…
HOLIDAY FIRM FEARS Tens of thousands face losing the money they have spent on summer holidays after budget … – The Sun
Travel company crashes leaving holidayers in the lurch HUNDREDS of thousands of British travellers face losing their holidays and their money after the Lowcostholidays group went bust last night. The online travel company had 27,000 passengers currently in resorts across the globe and more than 110,000 customers with forward bookings for the peak summer months…
New adjudicating authority for corporate insolvency proceedings – International Law Office (registration)
The National Company Law Tribunal (NCLT) was recently announced as the adjudicating authority for insolvency proceedings relating to companies, limited liability partnerships and other body corporates under the Insolvency and Bankruptcy Code 2016,(1) with effect from June 1 2016.(2) The National Company Law Appellate Tribunal (NCLAT), which will hear appeals from NCLT decisions, has…
Begbies Traynor turns profit as insolvency figures slump – Accountancy Age
PRE-TAX profits at Begbies Traynor shot up to £4.5m for the year to the end of April, as the firm was boosted by its property services unit, despite seeing insolvencies drop to its lowest level since 2004. The insolvency outfit recorded pre-tax profits of £600,000 for the year, compared to losses of £700,000 in the prior…
Accountants outperform the economy – The Australian Financial Review
William Buck national chairman Nik Hatzistergos said the business mood is generally positive but firm’s need to pedal hard to achieve growth. Louie Douvis Revenue at mid market accountancy networks grew faster than the economy in the year to June 30. But the vast majority of growth resulted from mergers and acquisitions. William Buck was the exception to…
Liquidation of business linked to forestry manslaughter prosecution stalls – Stuff.co.nz
The liquidation of a company linked to New Zealand’s only forestry-related manslaughter prosecution has stalled due to a lack of funds and non-cooperation by the company’s director, liquidators say. Paul Burr Contracting Ltd has been in liquidation since August 2015, after its sole shareholder, Paul Burr, called in liquidators. The liquidation started five days before Burr stood…
Liquidation of business linked to forestry manslaughter prosecution stalls – Stuff.co.nz
The liquidation of a company linked to New Zealand’s only forestry-related manslaughter prosecution has stalled due to a lack of funds and non-cooperation by the company’s director, liquidators say. Paul Burr Contracting Ltd has been in liquidation since August 2015, after its sole shareholder, Paul Burr, called in liquidators. The liquidation started five days before Burr stood…
Recruitment companies serving the SME market enter voluntary administration – SmartCompany.com.au
Three recruitment companies that count both small and large companies among their clients have been placed in voluntary administration amid a corporate restructure by their parent company. The companies are all subsidiaries of Rubicor Group, one of Australias largest recruitment companies, which is listed on the Australian Securities Exchange. Rubicor was founded in 2005 and…
Unpaid Super Claim: Doubts Grow Over Guvera’s Future – ChannelNews
Some observers believe the future of Australian music streaming company Guvera is in considerable doubt, following not only the recent decision by the ASX to block its plans for a stock exchange float that sought to raise as much as $300 million, but also decisions late last week to place two subsidiaries, Guv Services and…