Guidelines for Simplified Enterprise Deregistration Procedure in China – China Briefing

By Fanny Zhang, Business Advisory Services, Dezan Shira & Associates Beijing Office In order to further improve the efficiency of social resources utilization, reduce the exit cost of market entities, optimize the business environment, and continue to stimulate market vitality, China has continuously promoted reforms to its system of enterprise deregistration. As the COVID-19 pandemic…

Decommissioning crisis clouds oil M&A outlook – The Australian Financial Review

“The department is continuing its work on the wider decommissioning review including the recommendations and findings of the Independent Review into the Circumstances leading to the Administration and Liquidation of the Northern Oil and Gas Australia (the Walker Review),” Mr Pitt told The Australian Financial Review. He said the department intends to publicly consult on…

57 Lithgow jobs saved as business rescue package protects Fairview workers – Lithgow Mercury

Staff at Lithgow company Fairview got good news last week, after Creditors endorsed a business rescue package for the firm. In recent months, the business had entered voluntary administration after some challenging commercial headwinds. The highlights of the recommended business rescue package include: At a meeting trade creditors voted overwhelmingly to accept the independent resolution…

Japanese apparel maker Renown to enter liquidation as virus hits sales – The Japan Times

Japanese apparel maker Renown Inc., which had sought court protection to revive its century-old business, will go into liquidation amid plunging sales due to the novel coronavirus pandemic, its lawyers said Monday. The Tokyo District Court last Friday decided to discontinue court protection after a sponsor could not be found. The liquidation procedure is expected…

Virgin Australia Prepares For Upcoming Holiday Season – AirlineGeeks.com

[ Routes ]November 2, 2020 6:00 am ET By Benjamin Pham Virgin Australia Prepares For Upcoming Holiday Season The holidays are approaching, and despite COVID-19, more passengers continue to consider air travel for leisure and participation in the holiday festivities. Virgin Australia officially announced its schedule ahead of the upcoming holiday season when travel demand…

Explainer: What happens to my shares when a company goes bust? – Stockhead

Link copied toclipboard *The story has been updated with corrected details about the Gascoyne Resources recapitalisation process This week, debt-laden lithium producer Altura Mining (ASX:AJM) went into voluntary administration. When it comes to recovering any money, Alturas shareholders are at the bottom of the heap. Secured creditors, like banks, are at the top. The key…

Payne Realtors Private Limited’s Corporate Insolvency Resolution Process – Global Legal Chronicle

Khaitan & Co advised Resolution Professional and PwC. Payne Realtors Private Limited completed a corporate insolvency resolution process. The resolution plan submitted by City Gold Entertainment Limited has been approved by the NCLT and being implemented. Payne Realtors Private Limited provides civil engineering services. The Khaitan & Co team was led by Partner Siddharth Srivastava…

Payne Realtors Private Limited’s Corporate Insolvency Resolution Process – Global Legal Chronicle

Khaitan & Co advised Resolution Professional and PwC. Payne Realtors Private Limited completed a corporate insolvency resolution process. The resolution plan submitted by City Gold Entertainment Limited has been approved by the NCLT and being implemented. Payne Realtors Private Limited provides civil engineering services. The Khaitan & Co team was led by Partner Siddharth Srivastava…