Australia Tightens Insolvency System Oversight

The Albanese Government has strengthened oversight of Australia’s insolvency system by approving a pool of 10 highly qualified experts that the Australian Financial Security Authority can appoint as part‑time members of Bankruptcy Trustee Registration and Disciplinary Committees. The candidates will bolster the system that scrutinises bankruptcy trustees, with committees convened as needed to assess registration,…

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My Community winding up due to liabilities

SINGAPORE – Heritage company My Community Limited has entered provisional liquidation after its executive director declared it cannot continue its business due to liabilities, based on notices published in the Government Gazette on July 16. The notices showed that the company’s executive director and founder Kwek Li Yong had on July 3 applied to have…