Men who have accessed their superannuation early during the coronavirus crisis have increased their spending on gambling by almost twice as much as women, new data shows. Women spent nearly one-fifth more than men on food and clothing, and 25 per cent extra on utility bills. They also spent twice as much as men on…
Careys to restructure as pandemic hits turnover – New Civil Engineer 16 Jun, 2020 By Catherine Kennedy Carey Group is to begin restructuring its business to cut costs and staff, with turnover falling as a result of theCovid-19 pandemic. You have read 1 of 1 free-access articles allowed for 30 – days. For further access…
Australian designer fashion retailer has fallen into financial hardship, forcing the company to go into voluntary administration. The Sydney-based retailer is working with experts from consulting firmMcGrathNicol to get the company back on track, said Tuchuzy founder Daria Sakic. She founded the retailer in 1995, and under her wings the company grew into one of…
Due to the coronavirus many otherwise economically viable businesses are experiencing significant trading difficulties [] this bill is aimed at ensuring businesses can maximise their chance of survival. This is the policy background to the Corporate Insolvency and Governance Bill now making its way quickly through parliament and which will impact on construction contracts. The…
The UK Corporate Insolvency and Governance Bill, currently progressing through UK Parliament, will have an impact on various stakeholders in the aviation industry once enacted, due to its moratorium, supply contract, and restructuring plan provisions. KEY FEATURES The UK Corporate Insolvency and Governance Bill has three key features: Moratorium: A new moratorium for companies in…
Facts Decision Comment The High Court has issued an important reminder of the need for solid evidence of a real risk that a respondent will take steps to dissipate their assets to frustrate a judgment in applications to continue a worldwide freezing order (WFO). Evidence of dishonesty alone is not enough, and conduct falling short…
June 15, 2020 07:00 ET | Source: African Gold Group, Inc. Danny Callow appointed as President and Chief Executive Officer; Scott Eldridge appointed as Non-Executive Chairman of the Board; Jan-Erik Back appointed as Vice-Chairman, Strategy of the Board; John Begeman appointed as Lead Independent Director of the Board; and Proposed change of name to Avion2…
Monday, June 15, 2020 Part One The Corporate Insolvency and Governance Bill (the Bill) is passing through parliament at the moment. Some of the measures included in the Bill are in response to the current pandemic and will provide temporary easements for company directors from an acute economic downturn. Other measures have been under consideration…
The High Court in Ireland has granted a restriction order against the directors of an insolvent company, Winning Ways Ltd. The order was requested by the liquidator of the business at the request of the Office of the Director of Corporate Enforcement (ODCE). The judgment confirms that the onus is on directors to prove that…
The European Court of Justice (ECJ) June 11 issued a preliminary ruling for Case No. C-146/19, stating that EU principles under the common VAT system prevent the Slovenian denial of a reduction of the VAT base for an insolvent company. A taxpayer filed for insolvency, and after the bankruptcy concluded a Slovenian tax agency audit…