The gaming market is changing at a rapid pace. With the shift to online and mobile gaming and now the advent of new immersive technologies like augmented and virtual reality operators face intense competition in terms of attracting customers, with ongoing innovation key to their success. But in such an environment, new issues will arise…
Harini Subramani Its three years since the Parliament passed the Insolvency and Bankruptcy Code, but its implementation is fraught with teething troubles. Endless delays in the resolution process under the code appear to be its Achilles heel. A recent report released by Crisil and Assocham has quoted Insolvency & Bankruptcy Board of India data which…
Varun Marwah May 16 2019 The Principal Bench of National Company Law Tribunal (NCLT) recently ordered de-attachment of properties belonging to a corporate debtor, which were attached as part of execution proceedings by the Securities and Exchange Board of India (SEBI). The attachment order was also upheld by the Securities Appellate Tribunal (SAT). This particular…
Cryptopia, the New Zealand-based Bitcoin exchange hacked in January 2019 is shutting down for good and going into liquidation. A couple of liquidators from Grant Thornton have already been tasked with the job of security assets belonging to stakeholders of the company. Cryptopia joins others like Mt. Gox in failing to recover from a cyber…
Australias largest LGBTIQ+ publication has announced today they have entered voluntary administration and are up for sale. Star Observerhas been running in its various forms since it was founded in 1979. Star Observers Chairman Sebastian Rice says that cash flow is the life blood of any small organisation. TheStar Observer is an LGBTI community owned…
Melbourne-based independent brewery Sample Brewing is in the market for a buyer after bringing in administrators earlier this week. The business, stocked by hundreds of bars, pubs and bottleshops including Dan Murphys and Liqourland handed over control to Shane Cremin of Rodgers Reid on Tuesday. SmartCompany has confirmed Cremin is trading the business as usual…
Students from the now-defunct Argosy University in Eagan are a step closer to having some of their debts forgiven. With a unanimous vote, the Minnesota Senate approved a bill that would help students with some of their most recent debt from the school. The chain closed suddenly in March. The legislation has already cleared the…
Helaine Olen Opinion writer focusing on politics, economics and American life Opinion writer May 15 at 12:51 PM Last month Sen. Elizabeth Warren (D-Mass.) debuted a proposal that would wipe away the majority of student debt through a generous forgiveness program. It may have been controversial among pundits, but it was popular with the public.…
COLUMBUS, Ohio–(BUSINESS WIRE)–May 15, 2019– Hexion Inc. (Hexion or the Company) today announced that the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court) has approved the Companys assumption of the Restructuring Support Agreement (RSA). Craig A. Rogerson, President and CEO of Hexion, stated: Todays approval of the RSA signifies another significant step…
Its a while ago now, but Autumn Budget 2018 contained the still currently premature move to grant HMRC preferential creditor status in the event of insolvency, with potentially grim consequences for PSC contractors, writes Jonathan Munnery, partner at Begbies Traynor. In practical terms, the move will push commercial finance providers to the backburner and, also…