In what may be a future relief for corporate debtors facing insolvency proceedings, the Supreme Court used its extraordinary constitutional powers to allow two companies to withdraw from insolvency proceedings and settle their loan dispute despite the case having been admitted by the National Company Law Tribunal (NCLT). Once the NCLT admits a case for…
A dispute between two of the most ambitious new entrants to Australia’s $2 trillion superannuation industry is on the radar of regulators and has enthralled the fintech community. Spaceship, the Millennial-focused super product backed by Atlassian co-founder Mike Cannon-Brookes, is locked in an impasse with its back-end compliance and administration provider, Trustee Partners, which in…
Connecticut Better Business Bureau has issued a warning for students who are over their heads in debt because of school loans. Fake debt collectors reach out to students by telephone and email, offering a variety of ways to reduce or eliminate their debt, but there is a catch. The scammers want to be paid…
Ex-Deputy of Krasnoyarsk City Council Sergey Surtaev has been declared bankrupt; earlier, he had come to the attention of the media due to deferring from military service. The Arbitration Court of the Krasnoyarsk region has declared ex-Deputy of the City Court Sergey Surtaev bankrupt due to a debt of 3 million rubles ($50 thousand). …