GARIA unveils maiden Corporate Insolvency and Restructuring … – Myjoyonline

marks a significant step forward in enhancing the business framework in Ghana The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has unveiled the maiden edition of the Corporate Insolvency and Restructuring Journal, marking a significant step forward in enhancing thought leadership in the business framework space in Ghana. Ghana’s journey towards an improved business…

IBBI Proposes Reforms For Efficient Corporate Resolution: All You Need To Know – BQ Prime

1) Approval of CoC for insolvency resolution process cost The proposal by IBBI suggests that the insolvency professional should obtain approval for all the different aspects of the cost involved in the process of resolving the insolvency. This includes the expenses incurred for keeping the business operations running during the insolvency period. According to Rajiv…

GJ Gardner Perth West building company collapses into liquidation, 18 homes impacted | news.com.au Australia's … – news.com.au

An independent Western Australian building company attached to a major national construction franchise has collapsed into liquidation. On Thursday afternoon, RPH Australia Pty Ltd appointed Robert Brauer and Linda Smith of insolvency firm McGrath Nicol as voluntary liquidators. RPH Australia Pty Ltd was trading under the name GJ Gardner Perth West as it was part…

Bad Shepherd's Founders Emerge From Administration Still In Control – The Crafty Pint

Less than a month after appointing administrators, the founders of Bad Shepherd have today emerged from voluntary administration still in control of the business they founded in 2015. Their proposal to restructure the brewing company was approved by creditors less than a month after the announcement by Dereck and Diti Hales that they had brought…

Insolvency board seeks to expedite resolution process – Industry News – The Financial Express

In a bid to streamline the Corporate Insolvency Resolution Process (CIRP) and prevent delays in the execution of the resolution plans, the Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper and proposed amendments to the existing regulations. The proposed amendments suggest to structure the resolution plan in two parts Part A…

IBBI proposes new measures to improve corporate insolvency process efficiency – BusinessLine

Insolvency regulator IBBI has come up with slew of proposals to ensure timely resolution and higher realisations in corporate insolvency resolution process (CIRP). The measures outlined in a new IBBI discussion paper include seeking CoC approval for operational expenses, holding regular CoC meetings (mandatory monthly meeting), holding deliberations on valuation methodology and disclosure of fair…

IBBI proposes new regulations to bring greater transparency to IBC – Business Standard

Mandatory monthly review of the progress of the resolution process, by the Committee of Creditors (CoC), disclosure of fair value to all stakeholders are among the amendments proposed by the Insolvency and Bankruptcy Board of India (IBBI) to make the Insolvency and Bankruptcy Code (IBC) process more transparent. Creditors dissenting on a resolution plan under…