Kinney Recruiting LLC
Description
An Am law firm in the Midwest has an immediate need for an associate for its Business Restructuring and Bankruptcy practice group in Ohio. The winning candidate will have 2-5 years of bankruptcy practice experience and outstanding academic credentials. Judicial clerkship for a bankruptcy judge is a plus. Must be barred in Ohio.To be considered, please submit your resume to [email protected]
Apply
…
Read the full article at: https://abovethelaw.com/job/junior-to-mid-level-bankruptcy-corporate-restructuring-associate-attorney-88434/
FOR millions of people in debt, it takes a great deal of courage to pick up the phone and confess to a stranger that your finances are in a mess.
But the people working at Advice Direct Scotland are ready to listen without judgment, theyve heard every scenario you can imagine.
The relief when you share the burden and hear there is a solution can be overwhelming.
Little wonder emotions can take over.
Sometimes, people can be very upset so well ask them to go and have a cup of tea then well call them back, says Marjorie Gibson.
Ten years ago, Marjorie started as a volunteer at Advice Direct Scotland, having retired early from her own fancy dress and balloon decoration business.
Then, her customers were celebrating but now many of the clien…
Read the full article at: https://www.dailyrecord.co.uk/lifestyle/money/worried-debt-help-only-call-13902191
With corporate insolvency completing two years, experts say its about time to notify personal insolvency law for individuals with business debt and personal guarantors.
Renuka Sane, associate professor, NIPFP, in a recent paper on the need and the way forward for a personal insolvency law noted that several facets of the policy need to be ironed out before the law can be meaningfully implemented. Such a move is essential as its success depends on the design of the subordinate legislation as well as the evolution of the institutional infrastructure.
The paper favours the rollout in a small subset of borrowers like businesses, or personal guarantors first, before becoming operational for all …
Read the full article at: http://www.newindianexpress.com/business/2019/jan/30/time-has-come-for-personal-insolvency-law-1931909.html
The Society of Insolvency Practitioners of India held a round-table last month where they deliberated the shortcomings of the Liquidation Regulations, 2016.
Participating members comprised representatives from Insolvency and Bankruptcy Board of India, senior partners from leading law firms, representatives from State Bank of India, insolvency professionals and stakeholders. The key concern, according to a research paper by the society, is the neglect of secured financial creditors in the liquidation process.
If, after undergoing the insolvency process under the Insolvency and Bankruptcy Code, no resolution plan has been accepted within the stipulated time by the committee of creditors, the insolvent company is automatically and compulsoril…
Read the full article at: https://www.bloombergquint.com/insolvency/include-creditors-in-the-liquidation-process-also-sipi-recommends
St. Albert MLA Marie Renaud says the prospect of a regulated online gambling option andmore provincial revenue is a positive move.
The Alberta Gaming, Liquor and Cannabis Commission (AGLC), a provincial agency, is searching for contractors that offer online gaming services. The commission has issued a request for proposals and aims to give residents access to a roster of online games such as lottery, poker and bingo within 12 to 18 months.
Renaud told the Gazette Tuesday she is hopeful the AGLC will be able to address concerns about gambling addictions as it moves toward online gaming, and she is doubtful the move will impact brick-and-mortar gaming centres.
(Online gambling) has been around for quite a long time, and p…
Read the full article at: https://www.stalbertgazette.com/article/aglc-plans-to-offer-online-gambling-20190129
The threat of invoking IBC is itself enough to prevent defaults and to reinstate the sanctity of debt contract.ByK Srinivasa Rao
The judgment of the Supreme Court upholding the legal sanctity of Insolvency and Bankruptcy Code (IBC) can bring a tectonic shift in the loan repayment culture. It asserts that the defaulters cannot bid for the assets of the insolvent company in terms of amended section 29 (A) to regain control while lenders are forced to take a haircut. It also tames the attitude of Committee of Creditors (CoC) and provides a clear and firm guidance that its decisions cannot be arbitrary, as was seen in the recent stance in the Essar Steel case. It asserts that CoC is not the ultimate link in the value-chain of IBC. It also re…
Read the full article at: https://www.financialexpress.com/opinion/sc-upholds-ibc-spirit-now-make-it-resolution-centric-instead-of-liquidation-centric/1458786/
The number of companies that entered insolvency rose 10 per cent in 2018, the highest level since 2014, according to official insolvency statistics.
Data, published by the UK government today (January 29), revealed 16,090 companies entered insolvency in 2018 and 3,949 of those took place in the fourth quarter of 2018.
When compared with figures for the third quarter of the year, insolvencies rose by 9.3 per cent in the final three months of 2018.
The construction industry was the worst affected, with 2,954 company insolvencies for2018.
Financial and insurance sectors, however, had less than 500 insolvencies during 2018.
Brian Johnson, business recovery and insolvency partner at H W Fisher & Company, said: “The reality of Brexit, and the econo…
Read the full article at: https://www.ftadviser.com/investments/2019/01/29/insolvencies-rise-as-brexit-takes-its-toll/
SINGAPORE, Jan. 29, 2019 (GLOBE NEWSWIRE) — ASLAN Pharmaceuticals (Nasdaq:ASLN, TPEx:6497), a clinical-stage oncology-focused biopharmaceutical company developing novel therapeutics for global markets, today announced a strategic corporate restructuring to focus its resources on its lead clinical programs: varlitinib in biliary tract cancer (BTC), ASLAN003 in acute myeloid leukaemia (AML) and ASLAN004 in atopic dermatitis.
ASLAN will focus its resources on the late-stage development of varlitinib as a potential novel treatment for first- and second-line BTC. Enrolment in a global pivotal study of varlitinib in second-line BTC, the TreeTopp (TREatmEnT OPPortunity) study, was completed ahead of schedule in December 2018 and topline dat…
Read the full article at: https://globenewswire.com/news-release/2019/01/29/1707283/0/en/ASLAN-Pharmaceuticals-Announces-Strategic-Prioritisation-of-Clinical-Development-Programs-and-Corporate-Restructuring.html
// Gerry Weber begins insolvency proceedings after financing talks breaks down
// 580 staff at risk
// Retailer assures it is safeguarded until at least 2020
Gerry Weber has applied for the court order of preliminary insolvency proceedings under self-administration after talks with its finance partners broke down.
The requested preliminary insolvency exclusively applies to the parent company Gerry Weber International AG, which employs around 580 staff and puts their jobs at risk.
The self-administration aspect of the proceedings means Gerry Webers managing board will remain in office with all powers and responsibilities, pending the courts approval.
Gerry Webers subsidiaries, including Hallhuber and Samoon, are exclud…
Read the full article at: https://www.retailgazette.co.uk/blog/2019/01/gerry-weber-begins-insolvency-proceedings-save-business/