This year is seeing steady pick-up in companies being placed into liquidation, whilst the number of companies enquiring about SCARP has significantly increased since April 2023, according to Tom Murray, director at Friel Stafford. Murray is an insolvency practitioner with over 25 years of experience and has acted as liquidator, receiver and examiner for over…
This week on Dezeen, architects designing The Line including Thom Mayne and Peter Cook explained the thinking behind the planned megacity in Saudi Arabia in a documentary. Speaking in a 45-minute-long Discovery Channel broadcast, many of the architects involved in the design of the 170-kilometre-long city talked about the project publicly for the first time. “I can’t think…
The Luxembourg parliament has adopted an act on business continuity, restructuring and the modernisation of the bankruptcy regime (the Insolvency Modernisation Act or IMA). Before the adoption of the IMA (which should be enacted shortly) the Luxembourg restructuring framework already offered a range of (mainly consensual and solvent) restructuring options. When it comes to legally…
After a 10-month inquiry process, on 12 July 2023 the Parliamentary Joint Committee on Corporations and Financial Services (PJC) delivered its final report on the effectiveness of Australias corporate insolvency laws. In this alert, we distil some of the key findings from the almost 400-page report and consider what future law reforms might look like. …
The Insolvency Service Published 18 July 2023 Contents 1. Main Messages for England and Wales 2. Things you need to know about this release 3. Company and Individual Insolvencies in England and Wales 4. Company Insolvencies in Scotland 5. Company and Individual Insolvencies in Northern Ireland 6. Data and Methodology 7. Glossary Print this page…
Thursday, July 20, 2023 After a 10-month inquiry process, on 12 July 2023 the Parliamentary Joint Committee on Corporations and Financial Services (PJC) delivered its final report on the effectiveness of Australias corporate insolvency laws. In this alert, we distil some of the key findings from the almost 400-page report and consider what future law…
The Insolvency Service Published 18 July 2023 Contents 1. Data Sources 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National…
Those of you whove been reading my stuff here on InsideEVs, as well as keeping abreast with the global e-bike scene, would be well aware of how rapidly technology surrounding e-bikes is advancing. A lot of modern e-bikes can be described as pedal-powered IoT devices capable of integrating themselves to multiple facets of our daily…
Jul 20, 2023 3.54pm A fuel business that was headed by a man linked to the Rebels bikie gang and owes $43 million to National Australia Bank may have been trading insolvent for up to two years before the bank intervened, according to preliminary investigations. Administrator Deloitte has reported Press Australia, a key property arm…
Member Article R3 responds to June 2023 insolvency statistics Corporate insolvencies decreased by 15.3% in June 2023 to a total of 2,163 compared to Mays total of 2,553, and increased by 27.4% compared to June 2022s figure of 1,698. Corporate insolvencies increased by 79.4% from June 2021s total of 1,206, by 191.9% from June 2020s…