KordaMentha allegedly used confidential information it obtained when it was appointed to review a major Melbourne recycling business to pitch the company as an acquisition target for Cleanaway Waste Management.

The claim was made by a rival advisory business PKF, which was appointed liquidators of SKM when it collapsed in 2019. The lawsuit, filed in the Federal Court last week, threatens to drag in Commonwealth Bank, which had appointed KordaMentha for the review, and Cleanaway, which is publicly listed and at the time was run by businessman Vik Bansal.

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The main activity of the bankrupt Groupcard, a company based in Aalsmeer, was the sale of local gift cards. Acting on behalf of more than 120 municipalities, it issued gift cards to people who needed a bit of extra support, such as welfare recipients, informal carers and volunteers. Now the company has been declared bankrupt, these cards are useless. Vulnerable consumers, like other holders of gift cards, are last in…

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There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

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The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, tabled in Parliament, seeks to overhaul the IBC framework with provisions for creditor-initiated insolvency, domestic group insolvency, cross-border proceedings, and faster resolution timelines.

To address long delays, currently averaging over 434 days versus the mandated 14, the Bill amends Section 7 to ensure financial creditor applications are admitted solely on proof of default, with information utility records deemed sufficient evidence.

This aims to reduce value erosion for debtors.

The Bill expands the definition of resolution plans, restricts the corporate applicant’s role in appointing resolution professionals, clarifies government dues priority, and limits…

The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, tabled in Parliament, seeks to overhaul the IBC framework with provisions for creditor-initiated insolvency, domestic group insolvency, cross-border proceedings, and faster resolution timelines.

To address long delays, currently averaging over 434 days versus the mandated 14, the Bill amends Section 7 to ensure financial creditor applications are admitted solely on proof of default, with information utility records deemed sufficient evidence.

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This aims to reduce value erosion for debtors.

The Bill expands the definition of resolution plans, restricts the corporate applicant’s role in appointing resolution professionals, clarifies government dues priority, and limits…

KUALA LUMPUR, Aug 13 — The Malaysian Department of Insolvency recorded 4,194 bankruptcy cases involving civil servants between 2020 and June 2025, about 0.3 percent of the nation’s 1.6 million public sector workforce. 

Deputy Finance Minister Lim Hui Ying said the Credit Counselling and Debt Management Agency (AKPK) offers advisory services, financial management assistance and debt restructuring programmes for individuals facing serious financial difficulties.

“For new officers, the Public Service Department conducts the Mind Transformation Programme, which provides early exposure to personal financial management to ensure they can manage debt prudently.

“Civil servants are also bound by a…

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The increase in business distress was recorded across Wiltshire and the South East, with the latest jump taking numbers from 163 in June to 185 in July, according to data from Creditsafe.

The figures, compiled by R3, the UK’s insolvency and restructuring trade body, reflect early signs of business distress including administrator and liquidator appointments as well as creditors’ meetings.

Neil Stewart, chairman of R3’s Southern and Thames Valley region, said: “July’s rise is not encouraging but may be just a blip and not indicative of a longer-term trend.

“Nonetheless, it reflects the continued economic volatility that has defined the UK’s financial landscape in recent years.”

The South East recorded the…