Administrators have commenced closing down subsidiaries within a group of companies involved in an alleged $200 million fraud against Westpac, with the Federal Court ordering the liquidation of the company at the centre of the case. Corporate restructuring firm Mackay Goodwin has confirmed it has been appointed as administrators for the Forum Group of companies…
Salus Mutual Management expects growers will be able to protect themselves against counterparty risk for the value of one B-double of wheat per 10,000t crop. THE feasibility of launching a discretionary mutual fund to protect growers from the risk of counterparty default is being couched in what is believed to be a first for Australia.…
The government should implement capacity building measures and ensure efficient and quick appointments of members at the National Company Law Tribunal (NCLT), the tribunal’s former President Justice (Retd) M M Kumar said on Thursday. “NCLT is a specialised tribunal, it has Companies Act and IBC (Insolvency and Bankruptcy Code), it is not like High Court,…
A company which rents luxury properties on behalf of landlords including one owned by singer Bob Geldof is to be wound up by order of the High Court. The court was told on Thursday that efforts to save Period Door Properties Ltd collapsed due to the withdrawal last week by Ulster Bank of overdraft and…
What does Croatian employment law require of employers when it comes to making redundancies? It is an important question if you’re a business with a presence in Croatia where, just like the rest of the world, mass redundancy exercises are commonplace as businesses restructure in an effort to survive the pandemic. We will come on…
Students at the University of Western Australias (UWA) School of Social Sciences have launched a petition titled Save Social Sciences at UWA, seeking to halt a new round of job cuts and restructuring at the university. In just four days, there has been an outpouring of support. There are nearly 5,000 signatures and hundreds of…
MEDFORD,Ore., July 15, 2021 /PRNewswire/ –At its annual conference on June 16th, AIRA announced the induction of its 2021 class of Distinguished Fellows. Conceived to recognize the significant contributions that AIRA’s senior members have made to the art and science of corporate restructuring and to the association, the Distinguished Fellows designation is an academic and…
Top Low Interest Credit Cards to Help Manage Debt in the New Financial Year By Ava Crawford Last updated Thursday, 15 July 2021 The financial new year is a time to make moves towards your money goals and to action your money resolutions. One meaningful step you can take is considering a new or replacement…