Law360, London (September 1, 2021, 4:43 PM BST) — A provider of self-invested personal pensions has entered into liquidation in a move to help it deal with complaints from customers, the City watchdog has said, after it found that the company won business from unauthorized introducers. DAC Pensions Ltd. has placed itself into creditors’ voluntary…
kikki.K has collapsed for the second time in two years, after it was acquired by Texas-based retailer, Erin Condren, in June 2020. The stationery company, which was founded in Melbourne in 2001 by Kristina Karlsson and Paul Lacy, entered voluntary administration again after its recent sale to Texas-based Erin Condren Designs (EC). kikki.K first entered…
MARTIN DE RUYTER/Stuff Challenge Marine employees were surprised by the liquidators letter, but the signs of trouble were there, an employee said. Employees of a marine company have been left without income or tools after the business went into liquidation at level 4 owing more than $3.8 million. Around a dozen employees worked at Challenge…
Stationery company kikki.K has gone into voluntary administration for the second time in 17 months. Kikki.K co-founders Kristina Karlsson and Paul Lacy have written to staff to tell them the difficult news, The Australian Financial Review reports. “Today is a sad day. Writing this note together is a sad task and we still can’t quite…
The Insolvency and Bankruptcy Code (IBC) was enacted to ensure a cultural transformation in the insolvency and bankruptcy landscape. It established a new architecture for insolvency resolution and liquidation. Strict timelines were introduced and a code for judicial restraint was built into the law at every step of the process. It also established the Insolvency…
In its annual list of Asias Top Offshore Litigators, ALB highlights top disputes practitioners working with offshore law firms, who have successfully handled significant cases and exceeded client expectations in the process. The full list is in alphabetical order, and a few lawyers have been profiled here. JOANNE COLLETTWalkers STUART DADDONAWalkers AISLING DWYERMaples Group ROBERT…
Mumbai, Aug 30: Aashit Shah, Partner, J Sagar Associates, has said that infrastructure regulators and Securities and Exchange Board of India (SEBI) would need to work in tandem for a successful insolvency resolution of an INvit which may involve a change in the sponsor, investment manager or trustee or transfer of an infrastructure asset. In…
Mumbai, Aug 30 (UNI) Aashit Shah, Partner, J Sagar Associates, has said that infrastructure regulators and Securities and Exchange Board of India (SEBI) would need to work in tandem for a successful insolvency resolution of an INvit which may involve a change in the sponsor, investment manager or trustee or transfer of an infrastructure asset.…
In a bid to increase transparency in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI has proposed amendments to the regulations TopicsIBBI|IBC|liquidation IANS | New Delhi Last Updated at August 30, 2021 13:30 IST In a bid to increase transperancy in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI…
MUMBAI: The Insolvency and Bankruptcy Board of India (IBBI) has proposed major changes in the insolvency process to bring more discipline and transparency and to address issues that have come up in recent cases.The IBBI, which regulates both insolvency professionals and the process, has sought public views on amendments by September 17.A key development is…