UK Corporate Insolvency and Governance Act: COVID-19 measures extended. What does this mean for companies and directors? – IBB Law – IBB Solicitors

Bankruptcy

On 26 March 2021, the Government passed the CIGA 2020 (Coronavirus) (Extensions of Relevant Period) Regulations 2021 (Regulations), extending some of the temporary relief measures under the Corporate Insolvency and Governance Act 2020 (CIGA 2020) until 30 June 2021. The Regulations bring further relief to companies, directors, and businesses, who would otherwise have faced a…

The Star Casino Gold Coast Takes Legal Claims against High-Roller Gambler to Queensland Supreme Court – Casino Guardian

Gambling

The Star Casino is taking a Singaporean billionaire to court after he fled the country after falling into a massive AU$40-million debt to the gambling operators in just three days. According to allegations, the well-known high-roller Yew Choy Wong dishonoured a blank cheque following a five-day losing streak while he played baccarat at The Star…

New UNDP study reveals the magnitude of limited debt relief eligibility for developing economies – UNDP

Debt Help

Washington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the…

Student debt relief extended to 1.14 million borrowers with defaulted FFELP loans – Yahoo Finance Australia

Debt Help

The Education Department (ED) is halting interest and debt collection on about 1.14 million defaulted loans in the Federal Family Education Loan Program (FFELP). At a time when many student loan borrowers have faced economic uncertainty, were ensuring that relief already provided to borrowers of loans held by the Department is available to more borrowers…