Reuters. MUMBAI – The Reserve Bank of India (RBI) has given its nod to the resolution plan for the troubled financial services firm Reliance Capital, paving the way for the acquisition by Indian conglomerate IIHL. The central bank’s endorsement comes with a “No objection” to IIHL’s offer of Rs 9,650 crore, confirming the successful bid…
Clements kicked off her legal career with Burke Melrose, (which merged with Anthony Harper in 2013); here, she concentrated on securities and retirement law. She then relocated to London, where she logged over a decade working with the banking and finance team at Carey Olsen in London and the Channel Islands. At Carey Olsen, she…
By Wayne Robinson | 15 November 2023 TMA Group of Companies has acquired Presfast, the retail display print business that went into voluntary administration last month. Extend POS capabilities: Anthony Karam, TMA TMA has a successful track record of buying print businesses and integrating them into its group, including the likes of Impress Colour, Premier…
The recent collapse of Supie highlighted the limited options employees have when businesses fail. Fixing the Companies Act would be a good place to start. When independent supermarket startup Supie went bust last month the companys 120 employees were told they wouldnt be paid for their last two weeks of work, or receive any of…
Four lawyers, including two directors, of Singapore law firm Kalco Law have left to launch a disputes-focused boutique in the city called Fortress Law. The new firm, which focuses on civil and commercial disputes, criminal defence litigation, insolvency and family law work, will be led by directors James Ow Young, Trent Ng and Mark Yeo.…
An Australian renovation company has collapsed into liquidation leaving customers and tradespeople millions of dollars in the red. Melbourne-based kitchen and bathroom renovation company, Ultimate Kitchens & Bathrooms was handed over to liquidator Stephen John Michell on October 31. Consumer Affairs Director Nicole Rich on November 1 issued a warning to consumers after receiving customer…
Nov 14, 2023 12.24pm Wealth manager E&P has reached a $16 million settlement deal for class action proceedings over alleged conflicted and misleading advice brought by Shine Lawyers on behalf of former clients of its Dixon Advisory business. There is no admission of fault attached to the settlement. Alan Dixon, then managing director and CEO…
McGill and Partners launches new corporate insolvency solution | Insurance Business UK We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy Professional Risks McGill and Partners launches new corporate insolvency solution It is designed to be incorporated into…
By Olivia Day For Daily Mail Australia Published: 15:30 AEDT, 13 November 2023 | Updated: 16:11 AEDT, 13 November 2023 A construction company specialising in bespoke aluminium doors and windows has collapsed, owing almost $900,000 to creditors. Black Sand Windows Pty Ltd, based … Read the full article at: https://www.dailymail.co.uk/news/article-12740987/Black-Sand-Windows-Pty-Construction-company-suddenly-collapses-liquidation-owing-900k-Customers-complain-unfinished-work.html
Nov 12, 2023 3.39pm Mike Cannon-Brookes Sun Cable venture has begun discussions with the federal governments $15 billion National Reconstruction Fund about support for a cable-manufacturing plant in Tasmania. The venture, owned by the software billionaires Grok Ventures since an ownership shake-up forced by a decline into voluntary administration, is proposing to manufacture the specialist…