Facial recognition, GPS tracking as SA Govt monitors home quarantine $240k for five days’ food: SA’s eye-watering medi-hotel bill ‘Contrary to public interest’: School planning data kept secret Your views: on a US move, religion and politics, Google and news, universities and JobSeeker Not JUST the footy scores This week, in South Australias first executive…
The Insolvency and Bankruptcy Code, 2016 was enacted to resolve the stress of companies. Some, however, argue that because the corporate insolvency resolution process (CIRP) rescues only about 25 per cent of companies and leads to liquidation for the rest, the code is not delivering on its mandate. These numbers do tell a story, but…
Ai Group has not requested the government extend the program in its present form and has instead suggested industries and businesses directly affected by the pandemic are given extra support including restructuring and business advice. Many businesses linked to inbound tourism, international students, entertainment venues, and passenger transport among others continue to struggle and, in…
Big Four accounting and consulting firm PwC has at the dawn of this year appointed 53 fresh partners, with almost half of the new leaders working in its Financial Advisory division. Operating alongside the Assurance and Consulting divisions, PwCs Financial Advisory business provides a range of multifaceted services grounded in financial and economic disciplines. One…
There have been a couple of noteworthy pronouncements by the Supreme Court relating to the Insolvency and Bankruptcy Code 2016. These go to strengthen the Code, which an important measure, meant to prevent insolvency by reviving ailing businesses. The Code however, is not a recovery tool for creditors but a resolution mechanism to breathe life…
The Personal Insolvency Act can be used by farmers to restructure debt and retain the family home and land. But many farmers are not aware of these mechanisms available to them, that were established by the Personal Insolvency Act 2012. Its a game-changer, says personal insolvency practitioner (PIP) Gary Digney, who addressed the recent Irish…
Faced with the prospect of dramatic rise in stressed assets of public sector banks (PSBs), about which the RBI warned in its recent report, the government is setting up yet another resolution mechanism. It proposes a bad bank under the ARC (Asset Reconstruction Company) and AMC (Asset Management Company) model in which ARC will aggregate…
A company with close links to John Delaney, and which has been the subject of inquiries by the Office of the Director of Corporate Enforcement (ODCE), is being wound up. John Flynn and Tom Finnan, directors and joint owners of Pillarview, are friends of Delaney, former chief executive of the Football Association of Ireland (FAI).…
In the centre of Florence, near the Uffizi gallery and Cathedral of Santa Maria in Fiore, Pasquale Naccari has serious doubts about whether the seafood and pizza restaurant his family has run for more than 50 years can survive much longer. We are in a desperate situation, said Mr Naccari. My bank account balance is…