Business and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Manchester based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues. The only provider of simultaneous, real-time access to multiple…
Business News Legal Live Business By Chris Cooke | Published on Tuesday 5 September 2017 The company behind the two day Liverpool music festival Hope & Glory, which was called off half way through after severe over-crowding on day one, resulting in a series of car crash communications from organisers, has gone into liquidation. As…
The Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses and the New Companies Bill, which includes a clause on beneficial ownership, are expected to be laid before Parliament soon, the Ghana Association of Restructuring and Insolvency Advisors (GARIA) has indicated. Currently, the two bills are…
The declaration of Jaypee Infratech as insolvent under the new Insolvency And Bankruptcy Code, 2016 is just the tip of a massive real estate ice berg which has the potential to sink hundreds of thousands of families. Other developers will follow the same exit route soon given the impunity with which they have been siphoning…
The company behind a music festival that was cancelled on the second day has reportedly gone into liquidation. Hope & Glory Festival in Liverpool was pulled on 6 August following reports of overcrowding and acts that were cancelled at the last moment due to scheduling delays. Police were called to assist with an additional entrance…
NEW DELHI: The Supreme Court today agreed to hear IDBI Bank’s plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on September 11. A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar considered the submission of the bank that staying the order…
Texans affected by Hurricane Harvey, including my family and me, appreciate the outpouring of support from across the country. President Donald Trump has even pledged to donate one million dollars to relief efforts. These private donations will be much more valuable than the as much as 100 billion dollars the federal government is expected to…
The Supreme Court has agreed to hear IDBIs plea seeking modification of its order staying the insolvency proceedings initiated against real estate firm Jaypee Infratech at the National Company Law Tribunal (NCLT), Allahabad. The apex court on Monday stayed the insolvency proceeding against the Jaypee, and issued notice to firm and others on a plea…
Did the Supreme Court do the right thing by staying the insolvency proceedings against Jaypee Infratech in a petition filed by home buyers who have preferred claims against the company? The answer is no and yes. The whole point of legislating an Insolvency and Bankruptcy Code is to speed up the process of resolving bad…
Hedge funds take control of Slater & Gordon Slater & Gordon CEO Andrew Grech leaves the company’s AGM in Melbourne. Photo by Jesse Marlow. . MELBOURNE, AUSTRALIA 14 NOVEMBER 2013: Photo of James MacKenzie who is retiring as Chairman of Mirvac, during the company’s AGM meeting in Melbourne on Thursday 14 November 2013. AFR /…