Insolvency numbers are on the rise in Sydney and Melbourne, and one expert has pointed to the potential ‘tsunami’ in the next six months. The Australian Financial Security Authority (AFSA) has released its regional insolvency statistics for the June quarter, which revealed slight increases in insolvency numbers across Sydney and Melbourne. Personal insolvencies increased by…
DetailsTamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to the report of a voluntary administrator published this week. The 49-year-old charity was forced to sell almost all its assets, including several buildings it owned,…
DetailsVijay Mallya declared bankrupt by London court The week brought bad news for the King of Good Times, Vijay Mallya, as the Insolvency and Companies Court of the London High Court declared the former liquor baron of India, fugitive from Indian law, bankrupt. The verdict delivered by Chief Insolvency and Companies Court (ICC) judge Briggs…
DetailsTamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to a voluntary administrator report published this week. The 49-year-old charity was forced to sell almost all of its assets, including several buildings it owned. It…
DetailsInsolvency Law in Review and Insolvency and Bankruptcy Code,2016- June 2021 Top Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/columns/insolvency-and-bankruptcy-code-2016-law-national-company-law-tribunal-178429
DetailsIn the groundbreaking recent decision in Re Samson Paper Company Limited (in Creditors Voluntary Liquidation) [2021] HKCFI 2151 (Samson), the Hong Kong Companies Court (the Hong Kong court) has for the first time issued a letter of request to a court in mainland China under the new cross-border mutual recognition, assistance and cooperation arrangement between…
DetailsLaw360, London (July 29, 2021, 5:28 PM BST) — Victoria’s Secret’s U.K. business move from administration into liquidation in June was valid, a London judge ruled on Thursday, after concerns were raised over a typographical error on the paperwork. Judge Sally Barber signed off an order declaring that the liquidators of Victoria’s Secret UK Ltd.…
DetailsTamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to the report of a voluntary administrator published this week. The 49-year-old charity was forced to sell almost all its assets, including several buildings it owned,…
DetailsWASHINGTON, July 29, 2021 /PRNewswire/ — More than 30,000 women cancer victims would retain their constitutional right to have juries decide if talc in Johnson & Johnson’s (NYSE:JNJ) baby products caused their ovarian cancer under bankruptcy reforms proposed Wednesday by key lawmakers in the U.S. Senate and House of Representatives. The Nondebtor Release Prohibition Act…
DetailsSINGAPORE – When Alex (not his real name) was 14, his friends introduced him to illegal football gambling through bookies. “We thought, wow, we can make money out of this, it looks simple and easy,” he said. Little did he know then that it would be the start of a decades-long addiction to gambling that…
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