This issue includes the latest bulletins from HMRC, new Defence Against Money Laundering guidance for insolvency practitioners and a consultation regarding SIP 3.1 (Individual Voluntary Arrangements). In this issue SIP 3.1 consultation The Joint Insolvency Committee (JIC) is consulting on changes to Statement of Insolvency Practice 3.1 – Individual Voluntary Arrangements. JIC undertook a consultation…
DetailsBy November 1st the UK governments furlough scheme will end, spelling fresh challenges and opportunities for the banking sector, writes Daniel Lanyon. The UK could see a wave of consumers and SMEs entering into financial difficulties in Q4 2020 following the end of the governments furlough scheme. What does it mean for banking investors? While…
DetailsA gambling addict who wasasked to be banned from Melbournes Crown Casino due to extensive debt is now suing the casino for more than AU$4.5m (US$3.30m) he lost, after the Crown continued to encourage betting, The Sydney Morning Herald reports. In a statement of claim filed with the Federal Court, Ahmed Hasna -who says he…
DetailsThe Viking-inspired livery to be used by Norse Atlantic Airways on its Boeing Dreamliner aircraft. Norse Atlantic Airways Startup Scandinavian airline Norse Atlantic Airways has revealed more details on its much-anticipated launch plan, including its stylish Viking-inspired branding, first destinations and new website. The Norway-based low-cost long-haul airline will seek to fill the shoes of…
DetailsThe National Company Law Appellate Tribunal (NCLAT)s April 13 order in the Aircel matter has precipitated various issues which will have implications on financing of assets such as telecom spectrum and restructuring of corporate debtors entitled to use said assets. The case has added relevance at this point of time as Vodafone Idea battles for…
DetailsThe Mount Gambier Private Hospital will cease to operate in late August and instead will dissolve into the public service where it is co-locatedafter a decision yesterday during a meeting with creditors and administrators. Key points: The co-located private service will cease operations entirely on August 21 Hospital directors decided the hospital was no longer…
DetailsVijay Mallya is Former two term Member of Parliament (Rajya Sabha), Chairman of The UB Group, Sports enthusiast, Veteran Formula One Team Principal, Championing Youth empowerment. On July 26, 2021, Mallya twitted, ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores. They restore assets to Banks who…
DetailsCHICAGO–(BUSINESS WIRE)–The Claro Group (Claro) welcomes Bill Fasel as a Managing Director in the firms Corporate Finance & Restructuring Services practice. Mr. Fasel will be located in Claros Chicago office and will leverage the firms complex disputes, investigations and insurance claims expertise to deliver turnaround and restructuring, performance improvement and advisory services to underperforming and…
DetailsEditorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Find Out If You Qualify For Debt Relief Free, No-commitment Estimate Credit counseling is designed to help consumers who may be struggling with money issues. From debt counseling to…
DetailsBy Vishnu Makhijani New Delhi, Aug 9 (IANS): India’s laws relating to insolvency and arbitration are in sync with global practices, but are not a “cure for all problems” and would undergo reform over time to keep pace with the needs of the economy, says Vivek Sood, a Senior Advocate of the Supreme Court who…
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