In the wake of the Hayne Royal Commission final report, the concept of shareholder primacy is now being examined, writes AICD Communications Executive Shelley Dempsey. Experts and directors react to the report here and discuss how to focus on more long-term non-financial measures. After the findings of the Hayne Royal Commission final report, robust debate…
[Los Angeles, CA, 2-18-2019] Debt Arbitration Marketresearch analysis is a highly useful tool in the hands of market players that allows them to effectively assess the global Debt Arbitration market and know where they stand in the industry in terms of revenue or sales growth. It comprehensively evaluates the global Debt Arbitration market…
By Kipchumba Some An Italian construction conglomerate that is building three mega dams in the Rift Valley worth more than Sh90 billion is being investigated for allegedly bribing senior government officials to win tenders. CMC di Ravenna is alleged to have paid a bribe of an unknown amount from a Sh4.9 billion down payment it…
The order placing TMF Services Ltd into provisional liquidation followed a hearing at the High Court on 14 February 2019 of an application issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. The company is concerned with trading in non-ferrous, precious and scrap metals, as well…
The Australian market has been identified as one of the underperforming markets for Dentsu, with the impacts of lower client spend and changing management contributing to its 2018 financial year results. Following growth in the third quarter, Australia saw a sharp pullback in the fourth quarter resulting in negative growth for the full year. Challenging…
PayPal has been accused of letting problem gamblers spend up to 150,000 a day, prompting concerns that addicts are using the online payment system to circumvent bank limits. MPs and gambling experts called for the company to be more responsible to stop people racking up huge debts that could force them into bankruptcy. The Department…
Outcome of 16th Committee of Creditors Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. We give below outcome of the 16th Meeting of the CoC: The Committee of Creditors reviewed the resolution plans submitted by the resolution applicants and decided to give final opportunity to each…
SINGAPORE: Embattled water treatment firm Hyflux on Saturday (Feb 16) morning announced its closely-watched restructuring plan which it said would help to resuscitate the company, but retail investors told Channel NewsAsia that this will see them suffering massive losses. According to an affidavit filed by founder-CEO Olivia Lum to the High Court on Friday, holders…
This is to inform you that the public announcement made pursuant to order passed by the Tribunal under Section 13 of Insolvency Code has published in Free Press Journal, Mumbai Edition Newspaper , Navakal Mumbai Edition Newspaper and Janadesh Silvasa Edition Newspaper on Friday February 15, 2019. Copy of Free Press Journal Mumbai Edition Newspaper…
IBBI, established in October 2016 under the IBC, has regulatory oversight over the insolvency professionals/agencies/entities and information utilities The Insolvency and Bankruptcy Code (IBC), 2016, will soon have provisions dealing with individual insolvency and bankruptcy, said MS Sahoo, chairman of Insolvency and Bankruptcy Board of India (IBBI). Sahoo on Friday said the first priority would…