A company can run usual operations or as a going concern even if it is in the process of being wound up in an administered sale, said a recent order by a bankruptcy appeals court, boosting recovery prospects for lenders that want to maximise value on soured loans. The principal bench in New Delhi comprising…
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip HONG KONG, Aug 26 (Reuters) – The government of Guangdong province is seeking feedback from major banks of debt-laden property developer China Evergrande Group (3333.HK) about forming a creditor committee, as the company warned of a further plunge in…
Hundreds of employees and participants of one of Australia’s largest disability service providers face an uncertain future with the organisation entering voluntary administration. Key points: Disability Services Australia have appointed KPMG as their administrators DSA’sCEO says the company faced financial constraints, compounded by the pandemic Shadow NDIS Minister Bill Shorten says the federal government’s “savage…