Directors’ duties to prevent insolvent trading in a crisis: Responses to COVID‐19 in Australia and lessons from Germany – Wiley

Bankruptcy

1 INTRODUCTION: DIRECTORS’ DUTIES IN A CRISIS Relief from directors’ duties to avoid trading whilst insolvent has been a common global response to the economic crisis precipitated by the COVID-19 pandemic.1 These duties are configured in legislation in different ways, depending on the jurisdiction, including as a prohibition on insolvent, wrongful or fraudulent trading, or…

John Elliott remembered as ‘a bit of a larrikin’ and ‘larger-than-life’ after his death – ABC News

Bankruptcy

John Elliott has been described as”larger-than-life” and “a very special person” as public figures pay tribute to the former president of the federal Liberal Party and the Carlton Football Club after his death. Mr Elliottdied in hospital aged 79 after a short illness following a fall. The businessman was president of the federal Liberal Party…

The seedy rise and fall of John Elliott’s tottering empire – Crikey

Bankruptcy

The inevitable eulogies are flowing thick and fast for former corporate titan John Elliott, with Treasurer Josh Frydenberg and newly returned Victorian Liberal leader Matthew Guy taking pole position. But most testimonials have conveniently ignored Elliotts criminal past, instead focusing on his larger than life personality, leadership of the Carlton Football Club and brief time…

John Elliott obituary: the businessman and Carlton president once touted as a future Australian PM – The Guardian Australia

Bankruptcy

John Elliotts life was a business, sporting and political roller-coaster. The larger-than-life character, who many Liberals once touted as a future Australias prime minister, built and lost a mighty business empire and led the Carlton football club through good times and bad. The gravel-voiced and aggressive chain smoker could be offensive, at least to those…

Avacade directors banned after pocketing £1.4m ahead of insolvency – FT Adviser

Bankruptcy

The directors behind Avacade have each received six-year directorship disqualifications after the Insolvency Service found they had paid themselves 1.4m during a tax investigation. Craig Lummis and his son, Lee Lummis,were banned by Judge Halliwell in Manchesters High Court on August 27, due to the fact they repaid themselves 1.37m despite their company being under…

Former Liberal party president and Carlton boss John Elliott dies aged 79 – The Guardian Australia

Bankruptcy

John Elliott, the controversial Australian businessman and former federal president of the Liberal party, has died aged 79. Elliott was also president of the Carlton football club for two decades before being sacked in 2002 after the club breached salary cap rules. He was federal president of the Liberal party in the late 1980s. He…

The NRA Is Bankrupt but It Still Owns America’s Gun Agency – The Daily Beast

Bankruptcy

The NRA declared bankruptcy; its longtime chief executive, Wayne LaPierre, has been disgraced, setting the gun-rights group back on its heels. Yet the NRA is still a powerful enough force in Washington politics to derail President Bidens effort to install a Senate-confirmed leader of the ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives), once again…