Last Modified: Fri, Apr 22 2016. 04 05 AM IST Parliamentary panel reached political consensus on the bankruptcy law that makes it easier for sick companies to be either wound up or revived New Delhi: Prospects of the early passage of a bankruptcy law, which makes it easier for sick companies to be either…
Clive Palmer in Canberra: A court hearing on Friday is crucial for his finances. Alex Ellinghausen The Queensland Nickel collapse will move into a new and more dangerous phase for mining entrepreneur Clive Palmer on Friday when creditors vote to put the company into liquidation. There are no deeds of company arrangement on the table…
A single woman on a board is a token. Erin Jonasson by Reza Monem One is a token, two is a presence, three is a voice. Sounds familiar? This seems to be the effect of placing women on corporate boards. Although corporate leaders may think otherwise, academic research seems to find this effect again and…
Early last year, at a royal encampment in the oasis of Rawdat Khuraim, Prince Mohammed bin Salman of Saudi Arabia visited his uncle, King Abdullah, in the monarchs final days before entering a hospital. Unbeknown to anyone outside the House of Saud, the two men, separated in age by 59 years, had a rocky history…
ANALYSIS: The Turnbull government is playing the collapse of Clive Palmers nickel refinery for all its worth. The workers at Queensland Nickel are fortunate that the Fair Entitlements Guarantee (FEG) can now be activated. That will pay their entitlements and allow them and their families some financial support. It will allow them breathing space to…
IAIN MCGREGOR/FAIRFAX NZ Stonewood Homes was placed into receivership owing unsecured creditors $15m. Now the IRD has had two of its companies liquidated. Two Stonewood Homes companies owing more than $1 million in taxes have been placed in liquidation. Inland Revenue Department filed proceedings against Stonewood Homes New Zealand Ltd and Stonewood Homes Ltd, both in receivership, at the High Court in Christchurch on March…
A committee set up to look into strengthening Singapore as an international centre for debt restructuring has made a slew of recommendations and is asking the public for their views on these proposals. These recommendations focus on three main areas: enhancing Singapore’s legal framework for debt restructuring, creating a restructuring-friendly ecosystem and addressing a perception…
CONTROVERSIAL underground coal gasification company Linc Energy has gone into voluntary administration. In a statement to the ASX, the companys board said it was in the best interests of the company to make the move. It comes a month after Linc was charged with causing serious harm to the environment at its UCG pilot site…
By Sridhar Ramachandran The buzzword now is the bankruptcy law. It is seen as a panacea for the problem of nonperforming loans, but it is a lot more than that provided the execution matches the intent. That workers claim is above the dues to state and any dubious transaction two years prior to bankruptcy with…
An award-winning product development company that has been operating for 10 years has collapsed into voluntary administration. E3 Style, which is still trading, called in external managers on April 15, with Domenic Calabretta from Mackay Goodwin appointed voluntary administrator. A creditors meeting is scheduled for April 28 in Brisbane. E3 Style has designed and made private-label…