‘We all suffer’: Projects in doubt as Sydney builder goes bust – Daily Telegraph
‘We all suffer’: Projects in doubt as Sydney builder goes bust Daily Telegraph Read the original article here
Troutman Pepper Secures Top Restructuring Partner Alex Rovira for New York Office – Troutman Pepper
Troutman Pepper Secures Top Restructuring Partner Alex Rovira for New York Office Troutman Pepper Read the original article here
Closing a small business | ASIC
You are here: Home For business Small business Closing a small business Even after a company has stopped trading as a business, it will still be registered with ASIC. To save both time and money, you might decide to formally close your business. There…
EY comments on company insolvency data for Q3 2023 | EY
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: “Today’s insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift. “Since the pandemic, insolvency activity had been heavily…
NZ workers have few protections if their employer goes bust – fixing the Companies Act would help
When independent supermarket startup Supie went bust last month, the company’s 120 employees were told they wouldn’t be paid for their last two weeks of work, or receive any of their owed annual leave pay. The subsequent appointment of voluntary administrators again highlighted New Zealand’s limited protection for employees when their employer becomes insolvent. Supie’s…
NCLT initiates insolvency against Himalayan Mineral Water
New Delhi: The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank’s plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm’s Corporate Insolvency…
litigation funding startups: Litigation funding startups eyeing arbitration and insolvency resolution cases
From funding the corporate insolvency resolution process (CIRP) of bankrupt companies to providing financial support to fight arbitration suits or even helping companies find sector expert lawyers for fighting costly disputes, a clutch of litigation funding startups are offering a range of services in the third-party funding market in India. Startups such as LegalPay, LitiCap,…
Mint Explainer: NCLT admits insolvency plea against Byju’s. Here’s what it means for the edtech platform
On 16 July, the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the Board of Control for Cricket in India (BCCI) against Think & Learn Pvt Ltd, the parent company of Byju’s, for allegedly defaulting on dues worth ₹158 crore. This is the latest in a series of setbacks for the online…
Mumbai: NCLT Rejects Application Filed Against Future Lifestyle By Mohan Clothing Company – MSN
Mumbai: NCLT Rejects Application Filed Against Future Lifestyle By Mohan Clothing Company MSN Read the original article here
Owner of Colette goes into voluntary administration – MSN
Owner of Colette goes into voluntary administration MSN Read the original article here