About CTCL, NLU, Delhi The Centre for Transnational Commercial Law (“CTCL”) is a constituent unit and specialized research centre of the National Law University Delhi established in 2008 by Act No. 1 of 2008 of Delhi. Since its establishment in 2016, CTCL has actively undertaken various initiatives to promote research and scholarship in the area…
Vanuatu’s only airline has entered voluntary liquidation after its government ordered a review of the carrier’s operations, disrupting the travel plans of hundreds scheduled to fly between the island nation, Australia and New Zealand over the next week. Ernst & Young (EY) were appointed liquidators on Friday after the government-owned airline was grounded earlier this…
ASIC has banned Joel James Hewish for 10 years from providing financial services, performing any function involved in carrying on of a financial services business and controlling an entity that carries on a financial services business. ASIC has also cancelled the Australian financial services (AFS) licence of Mr Hewish’s company, United Global Capital Pty Ltd…
By Prosper Melomey, Bridgewater Advisors Limited Partner & Licensed Insolvency Practitioner This is a summarised article of that which was published in the Maiden Edition of the national insolvency journal, Corporate Insolvency and Restructuring Journal. Introduction The reality of corporate failure or demise is not much of a problem than the ability to predict or…
By Wayne Robinson | 22 May 2024 Momento Pro, the multi-award winning, pioneering, Sydney-based photobook printing company, has gone into voluntary liquidation, some 20 years after it was founded. Best in the world: Geoff Hunt and Libby Jeffrey with the Bennys Established in 2004, Momento was the first personalised photobook company in Australia and New…
Published on July 3, 2024 20-year-old online book retailer, Booktopia, which went public on the ASX in 2020, is on the brink of collapse. Booktopia has entered voluntary administration. Image source: Booktopia Booktopia has entered voluntary administration after the cash-strapped online book retailer failed to secure funding to improve its liquidity. In a statement to…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Many remain stranded following the voluntary liquidation of Air Vanuatu, including over a dozen Australian student volunteers on Tanna Island and a number of Ni-Vanuatu seasonal workers in Australia. Accounting firm Ernst & Young took control of Air Vanuatu and initially said flights after Sunday were “under review” but there has been no update since.…
Dymocks will also ramp up its social and digital marketing, Newman said, adding that Booktopia’s announcement had already driven more traffic to its website. “It’s just about making sure we are still visible, present, and we’re there to serve any of those customers who choose to shop with us.” The average retail price of a…
Many policymakers have used safeguarding tools to protect funds against loss of value and illiquidity risk, but the rules may not provide sufficient safety in practice. For example, many common law countries require mobile money firms to store funds in a trust. A trust structure aims to ensure funds provided by customers are unreachable by…