Businesses in China can explore strategies for company restructuring to bolster their operational sustainability and facilitate company preparedness and agility, which is essential during periods of crises like the pandemic. As businesses look to benefit from Chinas economic rebound after suffering through the worst of COVID last year restructuring their operations, HR, finances, or supply…
DetailsInsolvency measures supporting businesses during the pandemic and helping them recover, are set to be extended till the end of June 2021. The measures were introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and removing personal liability on company directors, and have been previously extended…
DetailsKATIE Price is launching a new money-spinning beauty brand as she continues to rebuild her empire following bankruptcy. Katie, 42, has put her name behind a new business venture called Katie KP Limited. 11 Katie Price is involved in a new money-making beauty businessCredit: instagram 11 The star has teamed up with her bath bomb…
DetailsA crop-sitter caught with more than 180kg of cannabis at a Cobram house has been sentenced to four-and-a-half years in prison. Khanh Quoc Nguyen, 43, pleaded guilty in the County Court to cultivating a commercial quantity of cannabis between May 19 and August 19 last year. Police found 180 plants weighing 49.5kg, along with 130.6kg…
DetailsThe hospitality group founded by former Australian rugby player George Gregan and his ex-wife Erica Gregan has been placed into administration, largely driven by theend of JobKeeperand leasing protections. Following the appointment of SV Partners director Ian Purchas as administrator late on Friday, GG Leasing closed two of its nine outlets and reduced the number…
DetailsThe Lithgow Aged Care Home, 140km west of Sydney, which houses 73 residents and employs more than 120 staff, has gone into voluntary administration after losing its accreditation by failing to meet 38 of 42 industry standards. We reported here that the aged care home appealed the ruling, which leaves residents with the prospect of…
DetailsIn response to the emergence of the COVID-19 pandemic in Australia in 2020, the federal government injected an unprecedented level of stimulus into the Australian economy and introduced temporary law reforms aimed at protecting against an anticipated “tidal wave” of insolvencies. These temporary law reforms included a moratorium on civil liability for insolvent trading for…
DetailsBorrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.…
DetailsAdvertisement Wednesday, March 24, 2021 The Government has issued aconsultation paperregarding statutory audits and financial reporting. The consultation makes proposals in relation to four areas, namely directors, auditors and audit firms, shareholders and the audit regulator. We havepreviously summarisedthe proposals impacting the purpose and scope of an audit. This post will focus upon the matters…
DetailsAnother win for the Duchess of Sussex. One of Meghan Markles lawsuits has left a prominent paparazzi agency bankrupt nearly a year after they obtained private photos of her and Prince Harrys son, Archie. The company, Splash News & Picture Agency, officially declared Chapter 11 bankruptcy following their legal battles with Meghan, The Hollywood Reporter…
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