‘Bright future’: Britain’s GFG Alliance to buy Arrium steelworks, beating Korean offer – The Sydney Morning Herald

Liquidation

An agreement has been reached to sell steelmaker and mining group Arrium to GFG Alliance, ending more than a year of uncertainty for the struggling company. The administrator KordaMentha announced on Wednesday morning that it had signed a binding agreement to sell Arrium to the London-based group, which is owned by the Gupta family from Britain. Play Video Don’t Play Unions…

The rising league of insolvency professionals – Economic Times

Bankruptcy

India’s incipient battle against bankruptcy is spawning new ideas – and career options. After India enacted tougher laws to deal with sticky loans and the central bank stepped in accelerate the pace of recoveries, finance executives have stumbled upon a career-growth opportunity based, ironically, on insolvency. Independent insolvency professionals (IPs), are becoming critical for the…