The British-based restructuring firm spun out of KPMG three years ago is to stage another raid on the accountancy giant by acquiring a unit of its French operation. Sky News has learnt that Interpath Advisory is in advanced talks to acquire KPMG‘s restructuring division in France, with a deal possible as soon as next month.…
SK Group’s headquarters building SK Group, South Koreas second-largest business group in terms of total assets, has asked the countrys state-run Korea Development Bank for more funding as it is set to streamline its business to focus on promising growth engines, such as batteries and chips, after years of ineffective investments. According to sources with…
What is the Small Business Restructuring process? Australias Small Business Restructuring (SBR) process is a formal insolvency process introduced by the Federal Government in 2021 to give small businesses the opportunity to restructure their debts while directors remain in control of the business, under the supervision of a restructuring practitioner. The SBR process involves a…
If your credit card payments are seriously delinquent, certain strategies are worth exploring now. nui/Getty Images Over the last few months, there have been numerous signs that a credit card debt crisis could be looming, including an uptick in late payments and maxed-out card accounts. And, a report from the Federal Reserve Bank of New…
Brett McGrath, President of the Law Society of NSW, has renewed calls for a debt relief scheme to incentivise lawyers to practice in rural, regional, and remote (RRR) areas. During a visit to Lismore, which experienced a significant exodus of lawyers following the devastating floods in 2022, McGrath highlighted the urgent need for legal services…
In short: Lawyers say a shortage of workers outside metropolitan areas is straining the court system and leaving people in need without help. They say people are representing themselves in court, which can double the average time it takes to hear a case and lead to people owing large amounts of money. What’s next? There…
On the 24 September 2020, the Australian Government announced changes to Australias insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduced new processes suitable for small businesses, reducing complexity, time and costs for small businesses. Effective from 1 January 2021, these are the most significant reforms to Australias…
Advertorial ARYZAs new head of corporate insolvency, Tom OConnor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom OConnoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…
Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…
2 min read Last Updated : Jun 20 2024 | 11:47 PM IST The IBBI has proposed amendments to the Insolvency Resolution Process for Corporate Process regulations, to enhance efficiency and reduce costs, and sought stakeholder inputs by July 10. These amendments are expected to enhance the efficiency and transparency of the Corporate Insolvency Resolution…