Embracing change: A timely “root and branch” review of the effectiveness of Australia’s restructuring and insolvency laws | Global law firm

1 Further comprehensive and independent review The Committee recommends that the government commission a comprehensive and independent review of Australia’s insolvency law, encompassing both corporate and personal insolvency, as soon as practicable, and progress several other near-term actions as identified in the executive summary. 2 Further consideration of appropriate principles and objectives of insolvency law…

Scottish family-owned clothing company in liquidation

Grants Wholesale also agreed to appoint joint liquidators at the meeting in the Scottish capital. Kevin Mapstone and Kenneth Robert Craig of Begbies Traynor were subsequently appointed liquidators. Read More: The company was registered in Edinburgh and involved in the “wholesale of clothing and footwear”, with a main trading address in Houstoun Industrial Estate in Livingston.…

No Cookies | Townsville Bulletin

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Tongaat Hulett provisional liquidation: IDC non-committal about additional support

The Industrial Development Corporation (IDC) is non-committal on whether it will provide additional financial support to the financially embattled sugar group and former land developer Tongaat Hulett. The corporation said this on Friday in response to Tongaat’s business rescue practitioners (BRPs) confirming on 12 February that “after exhausting all reasonable endeavours” they had applied to…

Spectrum allocated to telcos not asset, can’t be subjected to insolvency process: Supreme Court, ETLegalWorld

Spectrum allocated to telcos not asset, can’t be subjected to insolvency process: Supreme Court New Delhi: In a landmark decision, the Supreme Court on Friday held that the spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code. The decision will have ramifications in…