Business as usual for Ocean despite voluntary administration – Pulse+IT

Written by Kate McDonald on 15 January 2018. Sydney-headquartered health informatics firm and EHR vendor Ocean Health Systems will continue to operate on a business as usual basis despite entering voluntary administration last week, with hopes the company can be restructured and work through its financial problems. Administrator Peter Krejci from insolvency and business recovery…

Rule change urged to allow insolvency proceedings halt – Vantage Asia

The Insolvency and Bankruptcy Code, 2016, primarily aims to achieve reorganization and insolvency resolution in a time-bound manner for maximizing the value of assets of insolvents. The National Company Law Tribunal (NCLT), the adjudicating authority under the code, works to that end. However, being a creature of statute the NCLT must function strictly within the…

Post Newspapers Liquidators promise to pay creditors after selling off the assets – Lusaka Times

FILE Post Newspapers employees outside their offices on Bwinjimfumu road after shutdown The Liquidators of the defunct Post Newspapers limited have promised to pay the creditors after selling the assets of the company following the Lusaka High Courts decision to declare the company insolvent. Recoveries Manager of the Post Newspapers Limited Robert Chabinga says he…

Who is Dominic Chappell and what’s his net worth? The man who bought BHS for £1 found guilty of pension crisis … – The Sun

DOMINIC Chappell purchased British high street chain BHS for £1 from Sir Philip Green in 2015 just over a year before its collapse with a multi-billion pensions black hole. Dominic Chappell has since been found guilty of failing to provide information to the Pensions Regulator after the chain went bust – but who is he…