BBY demise hastened by Firestone investment – Sydney Morning Herald

Ken Rosewall owned now defunct stockbroking firm BBY with his son, Glenn Rosewall. Photo: Jesse Marlow Liquidator KPMG’s report into BBY has unmasked the scale of compliance shortcomings and dubious practices at the failed stockbroking firm, noting that the firm’s investment in Firestone Energy was pivotal in denting its financial position and contributing to its demise.  BBY collapsed spectacularly in…

Pennsylvania Court Issues Liquidation Order for Regis Insurance – Insurance Journal

Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in and domesticated in Pennsylvania in 1979. The company is licensed only in Pennsylvania but did business in several other states within…

Govt brings bankruptcy law to improve ease of doing biz – Hindustan Times

Seeking to improve ease of doing business, government introduced in Parliament the Insolvency and Bankruptcy Code, 2015 that provides for resolution of insolvency in a timebound manner. The bill aims at promoting investments, leading to higher economic growth. It also provides for setting up of a Insolvency and Bankruptcy Board of India to regulate professionals,…