Category Archives: Liquidation

ASIC consults on extending financial reporting and AGM relief – Insurance Business Australia

The Australian Securities and Investment Commission (ASIC) seeks industry feedback on its proposal to extend financial reporting and annual general meeting (AGM) relief in order to reduce the regulatory burden for externally administered companies. ASIC has proposed expanding the relief available under the ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 (LI 2015/251) to companies where a…

Defunct fundraising agency faced claims of more than £5m, report shows – Third Sector

The collapsed fundraising agency Home Fundraising is being liquidated, facing claims totalling more than 5m. The liquidators report, published on the Companies House website this week, reveals it has received claims totaling 4.8m from 56 unsecured creditors, while a further 92 claims have yet to be received for sums totalling more than 300,000. The unsecured…

Insolvency Trends To Watch As Pandemic Failures Threaten – Law360

Law360, London (January 27, 2021, 5:30 PM GMT) — Since the coronavirus pandemic hit the U.K. in March last year, legislative protections and government packages have helped keep at bay the massive wave of corporate insolvencies that had been expected. But the economic support has to come to an end at some point, and lawyers…

Going viral: Timeline shows how COVID-19 infected Queensland – Brisbane Times

Brisbane Times takes a look back at how the virus spread through Queensland, and some of the states near misses. January 2020 January 9: The World Health Organisation releases a statement regarding cluster of pneumonia cases in Wuhan. The WHO does not recommend any specific measures for travellers. January 11: China reports the first death.…

ASIC consults on financial reporting and AGM deferral relief for companies in external administration – Mirage News

ASIC has today released Consultation Paper 337 Externally administered companies: Extending financial reporting and AGM relief (CP 337) seeking feedback on proposals to reduce the regulatory burden for externally administered companies. ASIC is proposing to expand the relief in ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 (LI 2015/251) to companies where a voluntary administrator, controller or…

Insolvency Trends To Watch As Pandemic Failures Threaten – Law360

Law360, London (January 27, 2021, 5:30 PM GMT) — Since the coronavirus pandemic hit the U.K. in March last year, legislative protections and government packages have helped keep at bay the massive wave of corporate insolvencies that had been expected. But the economic support has to come to an end at some point, and lawyers…

Lebanon lawyers urge UK to halt liquidation of Beirut blast-linked company – Middle East Monitor

An association of Lebanese lawyers has requested British authorities prevent the liquidation of a company potentially linked to the Beirut blast, Reutersreported. The Beirut Bar Association sent a letter to British Member of Parliament Margaret Hodge making the request on Monday. The letter urged the UK corporate registry Companies House to halt the liquidation of…

Lebanese lawyers seek to halt liquidation of UK-registered firm possibly linked to Beirut blast – swissinfo.ch

FILE PHOTO: Smoke rises from the site of an explosion in Beirut’s port area, Lebanon August 4, 2020. REUTERS/Mohamed Azakir/File Photo reuters_tickers This content was published on January 27, 2021 – 00:59 January 27, 2021 – 00:59 By Tom Bergin LONDON (Reuters) – A Lebanese lawyers’ association has asked British authorities to halt the voluntary…

Lebanese lawyers seek to halt liquidation of UK-registered firm possibly linked to Beirut blast – WHTC News

By Tom Bergin LONDON (Reuters) – A Lebanese lawyers’ association has asked British authorities to halt the voluntary liquidation of a UK-registered company over possible links to last year’s explosion at Beirut port, according to a letter seen by Reuters. In the Jan. 25 letter to British lawmaker Margaret Hodge, the Beirut Bar Association (BBA)…

Novelion Provides Update on Interim Distribution to Registered Shareholders – GlobeNewswire

January 26, 2021 14:49 ET | Source: Novelion Therapeutics, Inc. VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. (Novelion or the Company) by Alvarez & Marsal Canada Inc., Novelions court appointed liquidator (the Liquidator) today announces that the timing of the previously announced interim distribution to its registered shareholders (the Interim…