Company directors have a duty to act in the best interest of creditors (the creditor duty). But at what point is that duty engaged? Put another way, when should directors start worrying about the duties they might owe to creditors? In this briefing, Jolyon Connell, David Fletcher and Oliver Blundell explain how the recent case…
DetailsBy Eliza Mcphee For Daily Mail Australia Published: 14:18 AEDT, 10 October 2023 | Updated: 15:50 AEDT, 10 October 2023 An Australian technology company has collapsed after half of its staff quit within a year. D635 Group, a Microsoft Gold Partner, has gone into liquidation with … Read the full article at: https://www.dailymail.co.uk/news/article-12613179/D365-Group-goes-liquidation.html
DetailsHard as it may be to believe, the 2024 presidential election is now little more than a year away. Despite four criminal indictments, Donald Trumps defiance of political gravity shows no signs of abating, even as he has defended the January 6 insurrection and vowed to lock up his political opponents. Given Trumps penchant for authoritarianism and…
DetailsOn June 30, 2023, the U.S. Supreme Court ruled in Biden v. Nebraska that the Biden-Harris administrations plan to cancel up to $10,000 in student loan debt per borrowerand up to $20,000 for Pell Grant recipientswas not legal under the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act of 2003. That same day, President…
DetailsThe job ads always sound too good to be true. Open and well-paid positions at a popular casino. Lodgings, benefits and other perks provided. But it all ends up quite the opposite. Victims are being caught in trafficking rackets to the Mekong region in Southeast Asia, lured to jobs in call centres where workers are…
DetailsDENVER, October 09, 2023–(BUSINESS WIRE)–AngloGold Ashanti plc (“AGA”) has completed a corporate restructuring resulting in a corporate domicile in the United Kingdom, and a change of its primary listing from the Johannesburg Stock Exchange (“JSE”) to the New York Stock Exchange (“NYSE”). The company, which now has its group headquarters in Denver, retains secondary listings…
DetailsOutside of the early voting site at Hickory Hill Community Center, a food trucks generator buzzed as a worker hands out food. More buzz came from campaigners promoting support for the casino referendum on the ballot. Vote jobs and revenue, revenue! Vote jobs and revenue! sang two women as they directed people toward the polls…
DetailsSmall businesses in strife are increasingly turning to the simplified debt restructuring process introduced during the pandemic with large spikes in take-up over the past two months, according to the latest data from creditor risk specialist Alares. It found Small Business Restructuring applications during August and September averaged about 75 a month the first sign…
DetailsCathro & Partners has welcomed industry veteran Henry Kazar to its Canberra office. The newly appointed Principal brings over 40 years of experience in corporate and personal restructuring services across public and private sectors. Henry will be a significant asset to the firm as we continue to build out our insolvency and restructuring advisory practice,…
DetailsIts no surprise that debt can have a major impact on your mental health. Your balance, the accumulating interest, making monthly payments and even the circumstances that put you in debt in the first place can all take a toll on how you feel about your finances. According to a survey by Bankrate, 52 percent…
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