Insolvency measures supporting businesses during the pandemic and helping them recover, are set to be extended till the end of June 2021. The measures were introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and removing personal liability on company directors, and have been previously extended…
The Lithgow Aged Care Home, 140km west of Sydney, which houses 73 residents and employs more than 120 staff, has gone into voluntary administration after losing its accreditation by failing to meet 38 of 42 industry standards. We reported here that the aged care home appealed the ruling, which leaves residents with the prospect of…
The hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into administration, largely driven by theend of JobKeeperand leasing protections. Following the appointment of SV Partners director Ian Purchas as administrator late on Friday, GG Leasing closed two of its nine outlets and reduced the number…
Tasmania has passed voluntary assisted dying (VAD) legislation, making it the third jurisdiction in Australia to do so, after Victoria and Western Australia. Ceara Rickard, who has been given a terminal diagnosis of metastatic breast cancer,is relieved it will now be legal to end her life in the late stages of her illness. “I don’t…
In the case Kenneth Xuereb v. Weber Construction Limited, decided on the 18 of March, 2021, the Civil Court (Commercial Section) (the Court) presided over by Hon. Judge Joseph Zammit McKeon, considered at length the two tests of insolvency arising in terms of the Maltese Companies Act, with particular reference to its English law equivalents.…
The hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into administration, largely driven by the end of JobKeeper and leasing protections. Following the appointment of SV Partners director Ian Purchas as administrator late on Friday, GG Leasing closed two of its nine outlets and reduced…
Advertisement: Qantas received a setback late last week in a closely watched legal case. The airline is attempting to delay a former executive joining archrival Virgin Australia. In a hearing on Friday in the New South Wales Supreme Court, Qantas lost its bid to have the case heard in Australia. Qantas suffered a tactical loss…
Business Standard The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 TopicsInsolvency and Bankruptcy Code|Indian companies|Indian corporates After suspension of the corporate insolvency resolution process (CIRP) is lifted after March 24, Insolvency and Bankruptcy Code (IBC)-related activity is likely to go up. However, experts are…
China, like the United States, is a party to the Berne Convention for the Protection of Literary and Artistic Works. As such, in general any literary or artistic work created in the US will also be protected in China. Unlike trademark rights, which are based on use or registration (depending on the country of adoption…
Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors. Grocon has placed 88 subsidiaries – many of them dormant – in the hands of KordaMentha, blaming its plight on the…