Hundreds of jobs at risk as Unimetals enters liquidation TheBusinessDesk.com
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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TGIF 30 September 2022 – Inquiry into Australia’s corporate insolvency regime commences Corrs Chambers Westgarth
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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 available under the Corporations Act 2001 (Cth). In many cases, those processes are too costly and time-consuming to be a realistic option for financially distressed, but viable, small businesses to pursue, often leading to a premature liquidation.
The new insolvency framework also introduced a simplified liquidation process for small…
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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 the number of assignments an individual insolvency professional can undertake.
Under the newly inserted Regulation 7B, an individual insolvency professional is now barred from handling more than ten assignments in aggregate at any given time. This cumulative limit includes roles served as an interim resolution professional, a resolution…
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Things were looking bleak for Oakland last month after a Kentucky bankruptcy judge ruled that Oakland interfered with a coal developer’s efforts to build an export terminal, forcing them into insolvency.
The judgment put Oakland on the hook for potentially hundreds of millions of dollars in damages – money the cash-strapped city would have virtually no way of covering without asking voters to approve new bond measures. It also handed a major victory to the coal company, Insight Terminal Solutions. On Monday, the New York Times published a gloomy article speculating that Oakland was headed toward bankruptcy.
But the city won a reprieve on Friday after a federal district judge who reviewed the case found that the…
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Has the ‘Temu effect’ claimed another victim? RNZ
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