SINGAPORE – A Singaporean judge has been inducted as an international fellow at the American College of Bankruptcy (ACB), an association of global bankruptcy and insolvency experts that includes judges, academics, government officials and financial advisors. Justice Kannan Ramesh is the first Singaporean judge to be invited to join the association. The Singapore courts said…
Getty Images Talks to resolve a long-running row between Royal Mail and staff members over pay and conditions have collapsed. Royal Mail says it is “deeply concerned” discussions concluded without agreement and claimed it made “substantial efforts” to reach a deal. The Communication Workers Union said it was willing to continue negotiations. Royal Mail said…
Hyderabad: The National Company Law Tribunal (NCLT) at Hyderabad took note of the default by Sukesh Gupta and his company, MBS Impex Pvt Ltd, in repaying loan taken from ICICI. The bank entrusted task of recovery to Rare Asset Reconstruction Ltd. Its counsel Dishit Bhattacharji told TOI that the tribunal admitted its application against Gupta…
That’s one of the predictions in this year’s edition of From Red to Black, Clayton Utz’s annual review of the dynamics of Australia’s Restructuring and Insolvency (R&I) market. After a slow start to the year, a combination of rampant inflation, constrained liquidity, under-pressure management and critically squeezed margins is contributing to an increase in R&I…
High Court reporters The High Court has approved Personal Insolvency Arrangements that will allow a retired couple aged in their mid 70s to rent back their Dublin home after it is sold to a housing agency. Under the terms of the PIA Thomas and Catherine Carroll will remain in their home under a social tenancy…
Collapsed homebuilder Porter Daviss directors are being investigated for trading while insolvent as hundreds of customers risk losing their deposits. About 500 people attended a webinar with appointed liquidators Grant Thorntons Said Jahani, Matt Byrnes and Cameron Crichton earlier this week to hear they could lose their deposits if work on their projects had not…
Hyderabad: The National Company Law Tribunal (NCLT) at Hyderabad took note of the default by Sukesh Gupta and his company, MBS Impex Pvt Ltd, in repaying loan taken from ICICI. The bank entrusted task of recovery to Rare Asset Reconstruction Ltd. Its counsel Dishit Bhattacharji told TOI that the tribunal admitted its application against Gupta…
Liquidators appointed to take over collapsed Victorian home builder Porter Davis have warned some customers who had paid a deposit, but not had works begin, have been left uninsured. Key points: The liquidator says there are several building companies interested in buying the collapsed Victorian construction company Many Porter Davis customers were left uninsured while their…
PORT CHARLOTTE, Fla. Barbara Pellegrino has a story tens of thousands of Southwest Florida residents can relate to. It involves hurricane damage, a fight with her insurance company and ultimately an insolvency. You gotta take a deep breath, said Pellegrino detailing her six-month journey to Fox 4 Investigates. I gotta get my house fixed. Her…
Companies Law Firms Johnson & Johnson Follow April 4 (Reuters) – Johnson & Johnson (JNJ.N) has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, the company said. The amount dwarfs J&Js original offer of $2 billion. The agreement…