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HACKED – Managing Personal and Company Reputation under Mandatory Reporting
Cyber risk attracts a lot of headlines. It deserves to. Cyber is one of the most acute risks facing Australian businesses and it is only going to increase as criminals get easier access to more sophisticated tools, and Australias mandatory data-breach reporting begins in February 2018. Prior to the introduction of the new cyber laws, join us to discuss how these changes could impact your reputation and brand, what preparations you can still make, and the future of cyber risk mitigation.
Our panel will discuss – – what a company needs to do from 22 February 2018 to comply with mandatory reporting requirements, and how might a poorly managed data breach have serio…
A bunch of stressed Indian stocks are getting a lot of investor love.
A Bloomberg index of 11 indebted companies that are in bankruptcy court surged 31 percent in December on speculation that the new insolvency law will push the firms founders and lenders to find quick solutions. In comparison, the broader S&P BSE500 gained 3.5 percent.
Once the so-called National Company Law Tribunals, or NCLT, dispatch an indebted firm into insolvency proceedings, a court-appointed resolution professional has at most nine months to chart out a repayment plan, sell assets or revive businesses. If no agreement is reached, the company faces liquidation.
The prospect of a faster resolution is drawing in investors to NCLT stocks, said …
China wants Jia Yueting home to settle his debts, but he won’t listen.
VCG
China’s deadline for the founder of embattled LeEco to return home has passed, but Jia Yueting is still nowhere in sight — at least, not in the country.
Jia won’t be returning to China because he has to stay in the US to oversee and drive “many tasks” relating to the development of the FF91, but he has requested for his brother to meet the regulators last Friday, he said in a statement posted on Chinese Twitter-esque platform, Weibo, t…
The end of the year is a time for reflection and change for many, but for one of Australias leading auction houses, the end of 2017 signaled not only a shifting of gears, but a slamming on of brakes.
With the government taking a considerate stance while amending the IBC law, there seems to be enough leeway for prudent promoters to be able to bid for their company’s assets. The amends allow a defaulter or existing promoter to become eligible for the resolution plan by making their bad loans operational.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2017 aims to empower banks and lenders by preventing defaulting promoters from misusing the provisions of the IBC, 2016. The bill passed by the Lok Sabha on Friday follows an ordinance that was introduced in November to make wilful defaulters and rogue promoters of non-performing assets ineligible to offer a resolution plan for their company. According to …
We think some of the margin difference between ADP and peers is structural, and we dont see easy fixes for some of the issues Pershing Square identified. We see the moat trend at ADP as clearly negative and view the stock as significantly overvalued.
We see some short-run improvements on the horizon as ADP improves technology and reduces its physical footprint, but increasing competition and a more sophisticated customer base will leave the company unable to approach Paychexs levels of profitability. We therefore dont expect ADP to improve margins to the levels either Pershing Square or management suggests.
We believe ADPs operational margins will expand by 200 basis points and contract thereafter, in contrast to managements three-…
CONVINCING a foreign investor to take up a strategic stake in Proton Holdings Bhd was a major challenge in itself. It also would not have been possible without a major restructuring that satisfied the interests of all major stakeholders.
Thus, taking into account the political nature of the transaction, the restructuring of Proton that paved the way for Chinas Zhejiang Geely Holding Company Ltd to acquire a 49.99% stake has to be the best corporate restructuring of 2017.
While the deal is a merger and acquisition exercise at its core, it is the restructuring of Proton that enabled it to close, and so that becomes the focus.
DRB-Hicom was advised by boutique advisory firm QuantePhi, while Geely was advised by HSBC.
State Bank of India is set to initiate insolvency proceedings Videocon Industries. Photo: Pradeep Gaur/Mint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.
ITC, JK Paper among potential suitors for Sirpur Paper Mills
Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has received initial expressions of interest from several potential suitors, including ITC Group, JK Paper Ltd, West Coast Paper Mills Ltd and Kolkata-based Kohinoor Group, reports Mint, citing two people briefed on the matter. Read more
MedPlus promoter raises Rs750 crore of debt to buy out PE investors
Clearly we need to enter 2018 with a fresh set of expressions for the workplace.
Now, I could suggest some spanking new ones, but lexical novelty comes with risks besides, we’re all a bit weary of innovation in the workplace.
So in the spirit of recycling, I suggest we recruit golden oldies to inject energy into modern managerial jargon, some linguistic gems from the past that deserve a second go.
Reaching out with saucy oars
Linguistic bugbears are always in the eye of beholder, but singing from the same hymn sheet seems to get up most noses. Old naut…
HYDERABAD: In an interesting twist of developments, weeks after the National Company Law Tribunal (NCLT) rejected the insolvency petition filed by Anrak Aluminium in the ‘interest of the nation’, the banking regulator Reserve Bank of India (RBI) has directed the lead lender State Bank of India (SBI) to move the tribunal seeking insolvency.
Anrak Aluminium is among few other large stressed assets that the banking regulator has directed the SBI last week to initiate insolvency resolution process, a person in the know of developments told ET.
The move also comes after the joint lenders forum lenders failed to arrive at a compromise scheme with substantial haircut and preferring not to accept the decision of the tribunal reject…
MUMBAI: State Bank of India is set to initiate insolvency proceedings against at least a dozen defaulting companies including Videocon Industries after failing to recast their loans by the December deadline.
The country’s largest bank in terms of assets will refer Videocon Industries, Visa Steel, Monnet Power, Uttam Steel, Essar Projects, Videocon Telecom, Jaiswal Neco and Jai Balaji to the National Company Law Tribunal (NCLT) starting Tuesday, when it reopens after the Christmas and New Year break.
The Reserve Bank of India had in August issued a second list of 28 defaulting companies asking banks to resolve the loans by December 13 in accordance with a formula that it prescribed. If they failed to do so, the banks were dir…
Gujarat NRE Coke faces liquidation process as creditors reject resolution plan
Gujarat NRE Coke (GNCL) is likely to face liquidation process as the creditors of the company have rejected the resolution plan, submitted by an Ahmedabad-based asset reconstruction company (ARC) Rare Asset Reconstruction under the corporate insolvency resolution process. Following this to save the company from going in to liquidation, employees of the Kolkata-based firm on Saturday night submitted a resolution plan to the resolution professional (RP), Sumit Binani, Arun Kumar Jagatramka, chairman and managing director of GNCL, told FE. The company currently employs close to 2,000 workers. However, it seems unlikely that the plan, submitted by t…
Gujarat NRE Coke faces liquidation process as creditors reject resolution plan