ATLANTA, GA / ACCESSWIRE / July 16, 2021 / Business operations worldwide were shrouded in uncertainty throughout 2020, as a series of unpredictable events unfolded throughout the course of the coronavirus pandemic. Business executives were forced to act quickly in order to adapt to changes within the supply chain, tailor to shifting consumer behaviors, and…
DetailsPARIS (AP) Creditor countries agreed to cancel $14.1 billion of Sudans international debts, praising its economic reforms and efforts to fight poverty. In a statement Friday, the Paris Club of creditor nations also announced that it rescheduled Sudans remaining $9.4 billion in debt to the group, and held out the possibility of more debt relief…
DetailsInsolvency regulator, Insolvency and Bankruptcy Board of India (IBBI) has now brought in several changes to its Corporate Insolvency Resolution Process (CIRP) regulations as part of its overall effort to ensure arms-length dealings and transparency in the appointment and functioning of Resolution Professionals (RP). Amendments have been introduced to ensure elimination of any potential conflict…
DetailsDevelopments this week at universities across Australia have underscored the critical importance of the joint online public meeting called by the International Youth and Students for Social Equality (IYSSE) and the Committee for Public Education (CFPE) this Saturday, July 17 at 4 p.m. (AEST). Click here to register. An NTEU rally at Macquarie University in…
DetailsCOVID-19 hit Nepal hardand at a particularly inopportune time. Nepals public debt increased by 35.5 percent in FY2019/20 amid mounting expenditures to mitigate COVID-19 and falling tax revenues due to slowdown in economic activities. The government had established the national Public Debt Management Office (PDMO) in 2018. Its new staff, re-assigned to PDMO from other…
DetailsHeron Resources (ASX:HRR) enters voluntary administration – The Market Herald X Subscribe for free Read the full article at: https://themarketherald.com.au/heron-resources-asxhrr-enters-voluntary-administration-2021-07-16/
DetailsClick here to get Khmer Times Breaking News direct into your Telegram Derivatives brokerage GoldFX Investment Co Ltd (GFX) is preparing to declare bankruptcy, several sources familiar with the matter have told Khmer Times. The company has been at the heart of a dispute since March involving the loss of $27 million, affecting more than…
DetailsAdministrators have commenced closing down subsidiaries within a group of companies involved in an alleged $200 million fraud against Westpac, with the Federal Court ordering the liquidation of the company at the centre of the case. Corporate restructuring firm Mackay Goodwin has confirmed it has been appointed as administrators for the Forum Group of companies…
DetailsSalus Mutual Management expects growers will be able to protect themselves against counterparty risk for the value of one B-double of wheat per 10,000t crop. THE feasibility of launching a discretionary mutual fund to protect growers from the risk of counterparty default is being couched in what is believed to be a first for Australia.…
DetailsThe government should implement capacity building measures and ensure efficient and quick appointments of members at the National Company Law Tribunal (NCLT), the tribunal’s former President Justice (Retd) M M Kumar said on Thursday. “NCLT is a specialised tribunal, it has Companies Act and IBC (Insolvency and Bankruptcy Code), it is not like High Court,…
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