COVID-19 UK: The Corporate Insolvency and Governance Act 2020 The UK Restructuring Plan – JD Supra

Introduction The economic impact of COVID-19 will be far reaching. Governments around the globe are currently grappling with a balance between the protection of the health of their populations and limiting damage to their economies. Corporates that are over-burdened with debts will undoubtedly struggle to take advantage of market opportunities as global economies recover. The…

RBA expects rising business bankruptcies – The Australian Financial Review

Reserve Bank governor Philip Lowe, right, and deputy governor Guy Debelle…the bank warns bankruptcies will increase next year.Alex Ellinghausen Emergency measures such as JobKeeper, cash flow payments from the Australian Taxation Office and a temporary freeze on director liability for insolvencies will roll off between January and March. If the estimated 3 per cent fall…

Man who saved the Hawks, Mat Campbell, leaves general manager’s role – South Coast Register

news, latest-news, hawks, illawarra, mat campbell, general manager, basketball, nbl, national basketball league THE man who saved the Hawks has walked away from his role as general manager. Mat Campbell, whose No.32 playing singlet hangs from the WIN Entertainment Centre rafters, was behind the campaign to rescue the embattled club in 2009 and has since…

Celebrity chef Jock Zonfrillo calls in KPMG for Orana’s closure – Consultancy.com.au

One of Adelaide’s most-lauded restaurants has folded amid its months-long pandemic-induced closure. Owned by MasterChef Australia judge Jock Zonfrillo, Orana was operated by two companies which will now be sold off by KPMG administrators. Founded seven years ago, restaurant Orana was an Adelaide based venue which sought to build its menu around Indigenous foods and…

Jock Zonfrillo put his restaurant Orana into voluntary administration before closing its doors – Daily Mail

MasterChef Australia’s Jock Zonfrillo put his restaurant Orana into voluntary administration before closing its doors due to the coronavirus crisis By Mary Mrad For Daily Mail Australia Published: 16:28 AEDT, 8 October 2020 | Updated: 18:43 AEDT, 8 October 2020 View comments MasterChef Australia judge Jock Zonfrillo had put hisrestaurant Orana into voluntary administration one…

Gabelli Value Plus+ faces litigation threat as liquidation row rumbles on – Investment Week

The board stated that it still backs members’ voluntary liquidation of Gabelli Value Plus+ The board of Gabelli Value Plus+ Trust said it received a letter on 2 October from the general counsel to majority shareholder Associated Capital Group (ACG) “indicating that (unspecified) litigation concerning the company [Gabelli Value Plus+] may be a distinct possibility”.…