ST. PAUL, Minn. (GRAY) The federal freeze on student loans is over, which means next month, millions will resume payments for the first time in years. As people look for ways to ease the hit, Minnesota Attorney General Keith Ellison is cracking down on debt-relief fraud. We at the Minnesota Attorney Generals office opened up…
DetailsBusiness Highlights Company continued to advance L4 autonomous technology and capabilities globally. Global patent portfolio increased 34%, from the beginning of 2022 until the ending of 2022, at 519 patents granted globally. As of June 30 of this year, approximately 70 new patents have been granted to the company. Achieved more than 10 million cumulative…
DetailsNCLAT’S JUDGMENT IN SVA FAMILY TRUST & ORS. V. UJAAS ENERGY LIMITED & ORS. The Supreme Court’s judgment in Lalit Kumar Jain v. Union of India & Ors.1 made clear that the resolution of a corporate debtor under the Insolvency and Bankruptcy Code, 2016 (IBC) does not automatically discharge the guarantors of the corporate debtor…
DetailsJudgment creditors should be aware that the English Court of Appeal has given guidance on the proper construction of s423 Insolvency Act 1986 (transactions defrauding creditors)1. This guidance will be relevant where it is alleged that a debtor has transferred assets through corporate structures in order to defeat the claims of creditors, including judgment creditors.…
DetailsWodens The Melrose apartment complex construction was initially impacted by PBS Building ACT going into voluntary administration. Photo: Ian Bushnell. Creditors of the five under-administration PBS Building companies have voted to wind up four companies including two construction arms in the ACT and Queensland but have given the NSW building company a lifeline. The majority…
DetailsSponsored feature | Frank Brumby, of HCR Law, offers expert insight Frank Brumby, partner, national chairman of restructuring & insolvency, restructuring and insolvency team, HCR Law Corporate insolvency rates are high, with just over 6,300 insolvencies for the three months to June 2023. Many of these businesses will be part of a supply chain, and…
DetailsThe city centre of Birmingham. [Photo/VCG] Fears grow over fate of more councils after Birmingham files for insolvency Local governments in the United Kingdom went into panic mode on Wednesday after Birmingham City Council effectively declared itself bankrupt. Authorities warned that more councils across the UK could declare themselves in financial dire straits. Birmingham City…
DetailsSeptember 6, 2023 Practices: Business Restructuring Turnaround Management Association recognizes business restructuring partner, Benjamin Rhode for successfully leading a team that represented an ad hoc group of first and second lien lenders of CHC Group LLC, a helicopter services company. The transaction won in the Large Company category. Benjamin advises public and private companies on…
DetailsThe rate of insolvency appointments for local fintechs is expected to be up by around a quarter for the whole of 2023 based on the rate of failures to May this year, according to a recent BDO report. There has been an increase in the number of fintech failures in 2022, with the 2023 run…
DetailsA Melbourne model who was crowned Miss Universe Australia last week is the eldest daughter of two property developers who went bankrupt owing $100 million and has 10 companies herself that are in the sights of the nations financial regulator. Moraya Wilson is the sole director and shareholder of 10 companies, but her representatives told…
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