Corporate insolvency: Making the resolution process better – The Financial Express

Besides, it was found that companies, in general, lack a proper documentation model83% of insolvency professionals opined that companies lacked this for both statutory register and non-statutory register. By Neeti Shikha & Urvashi Shahi Timely resolution proving elusive has become the biggest bottleneck in the corporate insolvency resolution process. Indeed, there is an inordinate delay…

The International’s developer calls for voluntary administration, can’t pay all creditors – New Zealand Herald

Business 18 Feb, 2021 02:49 AM 3 minutes to read The developer behind one of New Zealand’s biggest apartment jobs has put the company into voluntary administration, saying not all creditors will be paid. Gary Groves engaged Dominion Constructors to convert the ex-Fonterra headquarters at 9 Princes St in Auckland’s CBD into luxury apartments in…

Assets worth $62000 allegedly stolen from liquidated company Cryptopia – Stuff.co.nz

Getty-Images Cryptopia went into liquidation in May last year after a $24 million hack. More than $60,000 worth of cryptocurrency has reportedly been stolen from international currency exchange Cryptopia, despite the company being in liquidation following a $24 million hack. The alleged theft happened several months after it was revealed a former employee had been…

Government to amend corporate insolvency and legislations until 2022 – Accountancy Today

The government has announced it intends to make temporary amendments to the effects of corporate insolvency and governance legislation for an additional year. The government laid the regulations out on 11 February 2021 in Parliament ahead of the power expiring on 30 April 2021. Additionally, the government has also announced that companies and other qualifying…

Administration services firm boss banned for VAT fraud – Mirage News

Laura Theophilus (42), from Cambridge, was the sole director of CIS UK PAY Limited. Incorporated in February 2012, the company provided combined office administrative services. The company was VAT registered shortly after its incorporation and Laura Theophilus submitted VAT returns for five consecutive quarters from January 2017 to January 2018, paying just over 273,000. In…