BUSINESSES remain concerned about the upcoming changes with Brexit, but insolvency numbers have fallen during this third quarter. According to a survey from Pinsent Masons, 62% of the UK insolvency industry believe that Brexit will lead to an increase in business failures over the next year. However, new analysis from KPMG has showed that despite economic…
Jawbone is caught in a dispute among its investors that may force the slumping maker of fitness trackers to surrender control of its assets to one of them. But CEO Hosain Rahman has told his employees that he has funding commitments sufficient to save the company. Investment manager Blackrock, which backed Jawbone last year with…
New Delhi: The government notified on Tuesday draft regulations outlining the process by which companies can go through liquidation and insolvency under the Insolvency and Bankruptcy Code, 2016. These regulations are part of the rules being notified to implement the bankruptcy code and in the process improve the ease of doing business in India. Last…
By: ENS Economic Bureau | New Delhi | Published:October 12, 2016 1:20 am To put the recently enacted Insolvency and Bankruptcy Code into practice, the government on Tuesday unveiled three sets of draft rules specifying how to make an application to the adjudicating authority, the insolvency resolution process for corporate persons and liquidation of insolvent…
The firm surveyed attendees at the Pinsent Masons Restructuring and Insolvency Conference last week, to gauge their views towards some of the issues impacting the industry in 2016. Of the over 400 attendees at what is the largest industry conference in Europe, 62% believed that business failures would increase in the aftermath of the UK’s…
NEW DELHI: Government today came out with another set of draft rules, including for liquidation of insolvent corporate persons, under the Insolvency and Bankruptcy Code. As part of implementing the Code, the government has already constituted the Insolvency and Bankruptcy Board of India (IBBI) while the draft norms will be finalised after taking into consideration…
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) is to lay before Parliament the Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses. The bill is also expected to promote efficient closure and transfer of assets of businesses which are no longer viable and a…
United Kingdom Restructuring and insolvency 06-10-2016 The farming and agricultural sector continues to experience financial pressures. Agricultural charges remain an important form of security available to banks when lending to the agricultural sector, but nevertheless how useful they can be and the cost saving they can bring on enforcement is often not fully appreciated. Although…
Scottish company insolvencies ‘rise sharply’ 10 October 2016 From the section Scotland business Image copyright Thinkstock Prolonged economic uncertainty led to a sharp rise in the number of Scottish business failures this summer, according to a new report. Professional services firm KPMG found corporate insolvency appointments increased year-on-year by 30%, to 230, in the three…
Almost 500 diplomas including in fitness coaching, fashion styling and art therapy are set to be stripped of access to government subsidies under an overhaul of the vocational loans scheme by the Turnbull government. Of the more than 800 vocational courses currently eligible for government loans, only 347 are expected to receive support under the…