Supreme Court establishes new insolvency division Wednesday, February 22, 2017 | 12:09 PM KINGSTON, Jamaica Chief Justice, Zaila McCalla announced over the weekend the establishment of the Insolvency Division of the Suprem… Read the full article at: http://www.jamaicaobserver.com/news/Supreme-Court-establishes-new-insolvency-division
New Delhi, Feb 22 (PTI) Former Deputy CAG Suman Saxena today took charge as whole time member of the Insolvency and Bankruptcy Board of India (IBBI). She would look after research and regulation wing apart from national insolvency programme, continuing professional programme as well as knowledge management and partnership, an official release said. The research…
Embattled milk broker National Dairy Products (NDP) has gone into liquidation after months of failed negotiations. NDP went into voluntary administration in November after farmer suppliers, owed tens of thousands of dollars, walked away from the company. Victorian dairy farmers are owed millions of dollars for milk supplied during 2016. But other creditors…
Perhaps my most famous constituent is Nick Kyrgios, Australia’s top-ranked male tennis player. But despite his extraordinary serve and blasting forehand, there is one aspect of Kyrgios’s game that I, along with other Australian sports fans, cannot condone. Not trying. Failing on purpose. Tanking. Around and around: phoenix activity is when a business’ owner switches…
20 February 2017 Emma Ryan comments An Australian law firm has announced it has nabbed a new principal and head of insolvency and reconstruction from MinterEllison. Brian Ward & Partners has welcomed Ian Walker (pictured) to the…
SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced dividends on eleven series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest…
Michael Lee at the Austinmer pools as the storm hit on Friday afternoon. More than two years after he folded his firm, the pool restoration job is not complete. Picture: Sylvia Liber Council designs for the Austinmer pool renovation were flawed and not realistically able to be completed, claims the contractor whose company went into liquidation on…
Noting immediate issues for meeting financial obligations, Michigan-based sporting goods retailer MC Sports this week announced it’s filing for Chapter 11 bankruptcy protection. The chain, headquartered in Grand Rapids, recently has operated 68 retail locations, including sites in Petoskey and Gaylord. While noting plans for liquidation sales at all of the chain’s stores, a press…
The Ministry of Corporate Affairs on Wednesday announced the set-up of four working groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The working group three had a mandate to deliberate and submit its recommendations on rules and regulations and other related matters for the insolvency and liquidation process under the Insolvency and…
The enactment of a comprehensive insolvency code is one of the most significant achievements of the incumbent government. Keeping with its commitment to improve the countrys ranking in the World Banks Ease of Doing Business, the government has already initiated steps for implementation of the Code. The swiftness and speed in notifying certain provisions of…