The new Company Law, effective from 1 July 2024, has significantly impacted commercial entities, with shareholder responsibilities regarding capital contributions capturing the most attention. This article examines the duties of shareholders in companies that have entered bankruptcy liquidation or reorganisation under the new law, clarifying the boundaries of their responsibilities.

Capital contribution responsibilities

Accelerating shareholders’ capital contribution benefiting all creditors. Article 35 of the Enterprise Bankruptcy Law stipulates scenarios where shareholder’s capital contributions may be accelerated in the context…

CENTRE COUNTY, Pa. (WTAJ) — The treasurer of a local township was accused of taking more than $530,000 in funding to pay off credit cards she used for online gambling over her tenure.

Pamela Hackenburg, 55, of Millmont, was charged with theft, identity theft and receiving stolen property after an investigation was opened in May 2024 where she was subsequently fired from her position.

According to the criminal complaint, officials with Gregg Township were alerted of possible fraud when one of the three with access to a township credit card received a rare statement — something he told police he never really gets or sees — and saw numerous DraftKing charges. After going to the bank, similar charges were found dating back to January…

MILWAUKEE (Dec. 2, 2024) – The Milwaukee Bucks have teamed up with Verizon to support Verizon’s veteran debt relief program, “Vebt,” which erases $1 million in debt for local veterans in partnership with ForgiveCo.

“Supporting our country’s veterans is at the core of Verizon’s mission,” said Andy Brady, Verizon Great Lakes Market President. “The Bucks have deep roots in the Milwaukee community and this partnership amplifies our shared commitment to giving back to those who have sacrificed.”

During the month of December, Verizon will donate $250,000 per week to alleviate veteran debt. The Bucks will provide updates on the program throughout the month via the team’s social media accounts.

Verizon will…