The Ghana Association of Restructuring and Insolvency Advisors (GARIA) is to lay before Parliament the Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses. The bill is also expected to promote efficient closure and transfer of assets of businesses which are no longer viable and a…
United Kingdom Restructuring and insolvency 06-10-2016 The farming and agricultural sector continues to experience financial pressures. Agricultural charges remain an important form of security available to banks when lending to the agricultural sector, but nevertheless how useful they can be and the cost saving they can bring on enforcement is often not fully appreciated. Although…
Scottish company insolvencies ‘rise sharply’ 10 October 2016 From the section Scotland business Image copyright Thinkstock Prolonged economic uncertainty led to a sharp rise in the number of Scottish business failures this summer, according to a new report. Professional services firm KPMG found corporate insolvency appointments increased year-on-year by 30%, to 230, in the three…
Almost 500 diplomas including in fitness coaching, fashion styling and art therapy are set to be stripped of access to government subsidies under an overhaul of the vocational loans scheme by the Turnbull government. Of the more than 800 vocational courses currently eligible for government loans, only 347 are expected to receive support under the…
Vocational loans hit list revealed: jewellery making, fitness coaching to lose support exit Almost 500 diplomas including in fitness coaching, fashion styling and art therapy are set to be stripped of access to government subsidies under an overhaul of the vocational loans scheme by the Turnbull government. Of the more than 800 vocational courses currently…
Almost 500 diplomas including in fitness coaching, fashion styling and art therapy are set to be stripped of access to government subsidies under an overhaul of the vocational loans scheme by the Turnbull government. Of the more than 800 vocational courses currently eligible for government loans, only 347 are expected to receive support under the…
Companies which have raised monies through fixed deposits are now required to have a credit rating agency rate the instruments Q: My father who is in India has some surplus funds which he would like to invest. In the past, he had invested in fixed deposits of public limited companies. He wants to…
Thousands of Australian investors who ploughed millions into illegal fundraising outfit Astra Resources will have to seek recourse in Britain after a court ruling. Liquidators from Grant Thornton’s London office last week secured orders from Federal Court judge Richard White for a single liquidation process operated out of England. ASIC took action. Photo: Jim Rice Astra…
Related Story: Private colleges to face tough new criteria before getting public money Related Story: AIPE training college could face consumer watchdog action Just one day after the Government announced it was scrapping a troubled loan scheme for vocational education courses, a private training college has announced it is…
The Global Lead for Credit Infrastructure at the World Bank, Mahesh Uttamchandani has described as acceptable , governments intervention in the DKM microfinance scam to help customers get back their investments. According to him, unlike corporate private entities, an insolvency involving financial institutions like DKM, have larger societal impact which have dire economic implications. A…