A majority of Future Enterprises (FEL) lenders voted to appoint Avil Menezes as the resolution professional (RP) for the bankrupt company, said people aware of the development.The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition by…
HLB Mann Judd has made several partner and director appointments, including the promotion of a managing partner for its Insolvency WA practice. Already have an account? Sign in below: HLB Mann Judd Australasian Association chair Tony Fittler said the appointments reflected the companys significant growth and its development of talent across the firms. Amid trying…
A majority of Future Enterprises (FEL) lenders voted to appoint Avil Menezes as the resolution professional (RP) for the bankrupt company, said people aware of the development. The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition…
National advisory and restructuring group Cor Cordis has promoted Shaun Matthews to partner. Now entering his eighth year at Cor Cordis, Shaun Matthews has become a member of the firms private-held partnership. He becomes the firms 15th partner, together they lead a team of 120+ consultants and staff. Based in Melbourne, Matthews has over 15…
We have a range of Dispute Resolution Guidance Documents available to assist both individuals and organisations through procedures they may be facing for the first time. We take a look at a selection of topics covered in our documents below. Statutory demands A statutory demand is a formal written document from an individual or company…
The financial problems for Kroy Biermann and Kim Zolciak continue to get deeper, as Kroy was recently hit with a lawsuit by a casino thats alleging unpaid gambling debts. According to TMZ, Sky Warrior which his responsible for handling credit lines at the well-known Baha Mar Casino in the Bahamas is suing Kroy after her…
Gambling has been illegal in Vietnam for the bulk of its modern history. This, however, may be changing. Heres what foreign firms should know about legalized gambling in Vietnam and what to watch moving forward. On a good day, individual lottery ticket vendors in Vietnam can reportedly make VND 300,000 (US$15) selling tickets on the…
Dutch robot builder Honest AgTech was declared bankrupt by the District Court of Noord-Holland, The Netherlands. Earlier this year at the exposition Fruit Logistica in Berlin, the company in Delft introduced the first autonomous robot for applying UV-C in the greenhouse. The robot developer has filed for bankruptcy itself due to a liquidity shortage. A…
LegalPay, Indias first and largest third party litigation funding platform, has announced its second successful exit in the interim finance segment in last one year with 23% IRR (internal rate of returns). The interim financier based in Delhi-NCR has achieved a successful exit from its investment in SARE Gurugram Pvt Limited (Sare Gurugram) within a…
Credit counsellors provide credit counselling to help consumers with financial problems, from budgeting, insolvency, and property purchases to debt management. Given the weight, credit counselling is as important as financial literacy as it prepares you for future financial distress. Understanding how credit counselling works and becoming financially literate is paramount in debt management. This post…