New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) is scheduled to hold its second meeting around 11-12 November to discuss and finalize the draft rules under the Insolvency and Bankruptcy Code, 2016. The draft rules were notified earlier this month and put out for public comments till 31 October. The Centre has till…
One man has been fined $14,960 and another $9920 after a four-year long Fair Work Ombudsman case over deductions from staff wages was concluded. In February 2014, the Ombudsman took Travice Blom, the former operator of labour hire company Oz Staff Career Services Pty Ltd, to court over $130,000 that was alleged to have been unlawfully…
More than 100 low-paid cleaners who worked at Melbourne’s Federation Square and Crown Casino had their wages illegally docked and their pay records falsified to cover up the corrupt practice. The cleaners, many of whom were young workers and migrants, had so-called “administration fees” of about $25 taken out from their pay every week, while lesser amounts for…
SINGAPORE The Ministry of Law (MinLaw) is calling for public feedback on proposed changes to corporate insolvency laws in the Republics first phase of legislative reforms that seek to bolster its position as an international centre for debt restructuring. The launch of public consultation yesterday came after MinLaw, in June 2014, broadly accepted recommendations by…
COLLETTE DEVLIN FAIRFAX NZ Boogie Wonderland has been put into liquidation after being propped up by shareholders for years. Relevant offers Popular Wellington night spot Boogie Wonderland has been shut after being put into liquidation. The Mr Boogie company, which trades as Boogie Wonderland and operates the adjoining cocktail bar, Alice, was put into voluntary liquidation…
FAIRFAX NZ Boogie Wonderland has been put into liquidation after being propped up by shareholders for years. Popular Wellington night spot Boogie Wonderland has been shut after being put into liquidation. The Mr Boogie company, which trades as Boogie Wonderland and operates the adjoining cocktail bar, Alice, was put into voluntary liquidation on Wednesday. The nightclub famously…
Comments (0) Lisa Thomas, Insolvency practitioner at Neville&Co explains how a CVA could be the answer to keep an insolvent company trading Keeping control of an insolvent company can still be an option. Liquidation is one of the most common insolvency procedures used when a Company is insolvent and there is no real prospect of it…
Cape Town – The commercial leg of the Border Rugby Union, Border Rugby (Pty) Ltd, has filed for liquidation. The union confirmed the news on Thursday. According to a release, the decision was “unavoidable” and that it was completely voluntary after having sought expert advice. The statement read as follows: It is a fact…
A LUXURY Teignbridge wedding venue used by pop star Peter Andre is set to go into liquidation with debts of around £360,000. Couples who had booked weddings at Mamhead House and a number of trade creditors are expected to lose out when the business is wound up. Mamhead House and Castle Ltd, the wedding business…
Comments (0) A luxury wedding venue near Exeter used by pop star Peter Andre is set to go into liquidation with debts of around £360,000. Couples who had booked weddings at Mamhead House and a number of trade creditors are expected to lose out when the business is wound up. Mamhead House and Castle Ltd, the…