William ODwyer, the former managing director of companies in the Ralan Group, has pleaded guilty to six offences contrary to section 192E of the Crimes Act 1900 (NSW) following an ASIC investigation. Between about 17 April 2015 and 6 June 2018, Mr ODwyer, by deception, dishonestly obtained for companies in the Ralan Group the ability…
DetailsReuters. Tata Steel Ltd, under CEO and MD T V Narendran and CFO Koushik Chatterjee, posted a consolidated loss of Rs 6,511 crore ($871 million) in Q2FY24, primarily due to restructuring charges in its UK operations and decreased sales. This represents a 7% decline in revenue compared to the same period last year. Despite these…
DetailsThe Insolvency Service Published 31 October 2023 Contents 1. Data Sources and data validation 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy…
DetailsA NSW building company says it is on the brink of collapse after failing to pay a court-ordered refund to a customer and the regulator seeking to have it struck off the business register. The sole director of the company has notified a court of plans to place the business into liquidation, though it has…
DetailsThe Insolvency Service Published 31 October 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
DetailsThe Insolvency Service Published 31 October 2023 Contents 1. Main messages for England and Wales 2. Things you need to know about this release 3. Company insolvency in England and Wales 4. Company insolvency in Scotland 5. Company insolvency in Northern Ireland 6. Data and Methodology 7. Glossary Print this page Crown copyright 2023 This…
DetailsListen to this article Sanctions; indefinite suspension: Where an attorney failed to file a motion on behalf of his client, failed to properly communicate with the client and violated multiple Maryland Attorneys Rules of Professional Conduct, he was indefinitely suspended from the practice of law. Attorney Grievance Commission of Maryland v. Davis, AG No. 28,…
DetailsComparison site Insolvency Australia has launched a first-of-its-kind national helpline that enables businesses and individuals to reach out for insolvency guidance. The service would help connect businesses, individuals and trusted advisers with registered insolvency specialists, it said. CEO of Insolvency Australia Garth Gammon said the service was an important lifeline and a first step for…
DetailsInsolvency Australia New first-of-its-kind helpline makes it easier for businesses and individuals to reach out for insolvency guidance A new national insolvency helpline the first of its kind has been launched by Insolvency Australia. The Insolvency Australia National Helpline is designed to connect businesses, individuals and trusted advisers who need guidance, with experienced, registered insolvency…
DetailsSimon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: Todays insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift. Since the pandemic, insolvency activity had been heavily…
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