TGIF 30 September 2022 – Inquiry into Australia’s corporate insolvency regime commences Corrs Chambers Westgarth Read the original article here
From 1 January 2021, Australia’s insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive – specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing “one size fits all” voluntary administration and scheme of arrangement processes…
The Insolvency and Bankruptcy Board of India (IBBI) through a notification issued on 20 th November introduced new regulations aimed at enhancing the efficiency and quality of the insolvency resolution process. The most notable change, outlined in the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025, is a strict cap on…
Has the ‘Temu effect’ claimed another victim? RNZ Read the original article here
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A track record of operating in Christchurch for nearly 90 years has ended for Idiens Sheetmetal & Roofing after it was forced to shut its doors owing creditors $1.13 million. The cladding, roofing and flashing business was put into liquidation in the High Court of Christchurch after an application by Inland Revenue (IRD) on October 16. The total…