Individual insolvency cases will fall under Finance Ministrys purview New Delhi, July 3: The proposed Insolvency and Bankruptcy Board of India is likely to fall under the purview of Corporate Affairs Ministry. This would end the potential turf war between two Central Ministries Corporate Affairs and Finance. A senior official in Corporate Affairs Ministry told…
The move, which is subject to Parliamentary scrutiny, is in response to a review of the services funding arrangements which sought to develop a more resilient, transparent fee structure. From 21 July 2016 under the new structure the deposit and administration fee will remain. A new official receivers general fee will be introduced. This will…
A creditors meeting for Guvera’s subsidiaries has been set for Thursday July 7. Wayne Taylor Up to 150 angry creditors, who are owed about $15 million, will descend on Deloitte’s Parramatta office next Thursday for the first creditors meeting of Guvera’s subsidiaries that have been placed in administration. The July 7 rendezvous will be the first of two meetings…
While the seismic changes caused by the EU Referendum vote are quite rightly uppermost in retailers minds, the UK Insolvency Service has issued a consultation document reviewing the UK corporate insolvency framework. It is a response to consistent messages from the World Bank which recently put the UK at number 13 in a league table…
Guvera co-founders Claes Loberg (left) and Darren Herft (right); the company has placed some of its subsidiaries into voluntary administration. Wayne Taylor When beleaguered streaming music provider Guvera placed two of its subsidiaries into administration and wielded the axe to staff numbers this week, few observers were surprised. After all, the Gold Coast-based company, which…
Sean Smith – The West Australian on July 2, 2016, 2:35 am Deloitte’s Adam Stock, Ian Skelton, Michael McNulty, Lewis Stewart, Dave Andrews and Jennifer Delany. The partner is hardly an endangered species, but theres fewer admissions in Perth nowadays at the big commercial law and accountancy-based firms. Partner numbers at national law firms are…
FRESH, vibrant, fun and welcoming. Theyre the words that Boardwalk Bistro on Hastings owner Shane Harvey chooses when asked to describe his eatery and bar, which has replaced Berardos on the Beach on Hastings St, Noosa. A Noosa businessman and president of the Hastings Street Association, Mr Harvey bought the restaurant in December last year…
WELL thats it. Eight solid weeks of politicians saying a lot about nothing of which few listened or really believed. Cant and indifference. Politicians mouthing carefully chosen phrases they hoped would not become sound bites reducing a debate about the future – at arguably one of the most crucial points in this nations history –…
01 July 2016 Stefanie Garber View Comments The rise of litigation funding is the way of the future for corporate and in-house lawyers, writes Patrick Moloney. When British Telecom recently…
Hines Reit * Hines reit announces liquidation plan * Board of directors unanimously voted to approve a plan for liquidation and dissolution of company * Plan includes entering into agreement to sell 7 west coast office assets in a cash for $1.162 billion to affiliate of blackstone real estate * Plan includes hines reit entering…