David Jones chief executive John Dixon and chef Neil Perry at David Jones food hall, Sydney. Source: Supplied/ Damian Shaw A new dimension is about to be added to the Myer and David Jones department store war, as David Jones gets closer to rolling out its high-end grocery store offering. The retailer increased profits 21% for…
Introduction Aims Winding-up process Timescale Missed opportunity? Comment Introduction The Companies (Winding Up and Miscellaneous Provisions) (Amendment) Ordinance 2016 introduces important changes to the administration of the winding-up process, although it is unclear when the changes will come into force. Following on from “Key changes to winding-up and insolvency law“, this update focuses on the…
A prominent sponsor of the Canberra Raiders, and major sponsor of Hockey ACT, is in liquidation, with hundreds of thousands of dollars owed to the Australian Taxation Office. TTM Security’s name appears on the front of the Raiders jersey, above its major sponsor Huawei. A subsidiary, TTM National Corporate Group, has naming rights on Hockey ACT’s centre at…
Thursday, 25 August 2016, 1:08 pmPress Release: New Zealand Government Hon Paul Goldsmith Minister of Commerce and Consumer Affairs 25 August 2016 Media Statement Consultation on insolvency practitioner standards Commerce and Consumer Affairs Minister Paul Goldsmith has today released part one of the review into insolvency law, which discusses and sets out recommendations on the…
The telephone fundraising agency Pell & Bales has gone into liquidation with the loss of 20 full-time jobs just two months after being sold by the business processing outsourcing firm Parseq. A statement issued today by Gerry Hoare, one of the main investors who acquired Pell & Bales and its sister telephone fundraising company Pure…
By: ENS Economic Bureau | New Delhi | Published:August 24, 2016 2:57 am Arun Jaitley, Finance Minister Finance Minister Arun Jaitley on Tuesday directed senior officials of the ministries of finance and corporate affairs to take necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time-bound manner. The finance minister said…
New Delhi: Finance minister Arun Jaitley on Tuesday asked finance and corporate affairs ministry officials to implement the Insolvency and Bankruptcy Code, 2016 in a time-bound manner to achieve the goals of the new law. Parliament on 11 May passed the Code, which will ensure smoother settlement of insolvency, enable faster turnaround of businesses and…
The Union Finance Minister Shri Arun Jaitley directed the Senior Officers of the Ministry of Finance and Corporate Affairs to take suitable necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. The Finance Minister said that an immediate action is required on the key requirements for implementation of…
Finance Minister Arun Jaitley today directed senior officials of the ministries of finance and corporate affairs to take steps, including setting up of a board, for the implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. “Implementation in a time bound manner is very crucial in order achieve the…
NEW DELHI: Finance Minister Arun Jaitley today took stock of steps being taken for implementation of the Insolvency and Bankruptcy Code that seeks to make debt recovery process stronger and quicker. The Insolvency and Bankruptcy Code, 2016 notified by the government in May seeks to consolidate and amend laws relating to reorganisation as well as…