NEW DELHI: Government today came out with another set of draft rules, including for liquidation of insolvent corporate persons, under the Insolvency and Bankruptcy Code. As part of implementing the Code, the government has already constituted the Insolvency and Bankruptcy Board of India (IBBI) while the draft norms will be finalised after taking into consideration…
I work at an outlet in Abu Dhabi and have some debt that is now really difficult to manage. I had some financial problems back home in India and had to send money in large amounts. This was mainly for the medical treatment for my wife and mother and other expenses. Also, I was building…
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) is to lay before Parliament the Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses. The bill is also expected to promote efficient closure and transfer of assets of businesses which are no longer viable and a…
A bankrupt haulier has been disqualified for 18 months after he encouraged his former stepdaughter to apply for an O-licence as a front for him. Sean Mullins, who traded as Sean Mullins Transport, attempted to avoid the effect the revocation of his O-licence would have on his business by persuading Kerry Mullins to make an…
SEJONG, Oct. 11 (Yonhap) — Seven more South Korean companies are seeking to win government approval for four cases of voluntary corporate restructuring, the trade ministry said Tuesday, in a move meant to boost their competitiveness. The Ministry of Trade, Industry and Energy said a government panel is set to hold a meeting next Tuesday…
Premier Li Keqiang said Chinas debt risks are generally controllable and that hes confident it can achieve its economic goals this year with growth in a reasonable range. The economy has exceeded expectation and is looking more positive in the third quarter, though it still faces downward pressure, Li said in remarks before a conference in Macau.…