Draft rules for bankruptcy code finalized in boost to ease of doing business in India – Livemint

New Delhi: The corporate affairs ministry on Monday evening issued final rules for registering and regulating insolvency professional agencies, which will be critical cogs in the introduction of Indias bankruptcy code. The Insolvency and Bankruptcy Code, 2016, passed by Parliament in May, aims to improve the ease of doing business in India by facilitating smoother…

Payless Shoes collapses into voluntary administration – SmartCompany.com.au

Shoe retail chain Payless Shoes has collapsed into voluntary administration but its stores are continuing to trade on a business as usual basis. Payless Shoes was established in 1980 and survived a previous voluntary administration three years ago. However, the 131-store chain is once again in financial trouble. Voluntary administrators from Ferrier Hodgson were appointed…

How the founders of sweet juice company Nudie went sour with lies and tax evasion – The Sydney Morning Herald

In late 2005, Andrew Binetter, the then chief executive of Australian juice business Nudie, described to officers working at Israel Discount Bank (IDB) how the family venture had taken off. Binetter, who was a co-founder and appointed CEO of Nudie in 2005, told the bank: “We are getting a lot of good financial press in the Australian business media.” Nudie juice was…