Maddocks adds restructuring and insolvency partner – Australasian Lawyer

Maddocks has appointed a second partner in a month. Danielle Funston is joining the independent firm in Sydney, making the move from K&L Gates, where she is a partner. She was also previously a senior associate at Norton Rose Fulbright. Funston adds to Maddocks restructuring and insolvency expertise. She advises clients on recoveries, liquidations, corporate…

Ushdev International Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

As advised by Mr, Subodh Kumar Agrawal, Resolution Professional, this is to inform that 14th meeting of the Committee of Creditors (COC) will be held on Friday, January 18, 2019 at 11:30 am at the State Bank of India, Stressed Assets Management Branch-II, Raheja Chambers, lst Floor, B Wing, Free Press Journal Marg, Nariman Point,…

ICPW Liquidation (ICPWQ) and Industrial Services of America (IDSA) Head-To-Head Analysis – BharataPress

ICPW Liquidation (OTCMKTS:ICPWQ) and Industrial Services of America (NASDAQ:IDSA) are both consumer discretionary companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, risk, valuation, earnings, institutional ownership and dividends. Insider & Institutional Ownership 5.1% of Industrial Services of America shares are…

Bigger role for operational creditors in resolution process worries bankers – BusinessLine

Bankers are worried that the corporate insolvency resolution process (CIRP) could turn chaotic and face delays as the Insolvency and Bankruptcy Board of India (IBBI) may amend the rules, giving operational creditors (OCs) a larger say in the resolution process. Their fear stems from the observations of a two-judge Supreme Court Bench last month that…

Steinhoff Europe blocked from going into voluntary administration – Inside Retail

South African furniture conglomerate Steinhoff International Holdings has seen the voluntary administration of its European arm blocked by a company claiming to be a creditor, according to a release sent to investors. The company known as LSW GmbH an entity reportedly related to Andreas Seifert, who,according to BusinessDay, currently has a dispute in the Austrian…

Labour plans radical crackdown on failed corporate regulators – The Guardian

Companies that break the rules could face tougher sanctions under plans being considered by Labour to scrap Britains multiplicity of overlapping regulators, which the party believes cave in to powerful commercial interests and fail to protect consumers. A report commissioned by John McDonnell, the shadow chancellor, argues that there needs to be a new authority…