An operating arm of ailing franchise brand JUMP! Swim School may have been trading insolvent for up to three years, an administrators report has revealed. The report, obtained by Inside Franchise Business, was handed down to Swim Loops Pty Ltd (Swim Loops) creditors last week and details a long-list of issues relating to the brands…
DetailsPiper Alderman has promoted 27 lawyers to senior positions, including four partners and a special counsel. The four new partners are all based in the firms Sydney office. They include two female lawyers and increase the firms partnership to 75 a fourth of whom are female. The firms new partners are Daniel Fitzpatrick, Angelina Kozary,…
DetailsMills Oakley has deepened its litigation expertise with the recruitment of a high-profile litigator in Brisbane. Ashley Tiplady has joined the top firm as a partner based in Brisbane, making the move from boutique firm Russells. He also spent a majority of his career at MinterEllison. Tiplady is experienced in large bet-the-farm commercial litigation, defamation,…
DetailsConsolidating debt can get you out of financial trouble — but it can also land you in a tough spot. Stack of past due bills. More Image source: Getty Images. Consolidating debt is the process of borrowing more money to pay off existing debt. Many people use debt consolidation as a tool to help repay…
DetailsThe rights of UK shareholders are being eroded by the rise of do-it-yourself investment companies, according to a review by the Law Commission into reforms aimed at boosting corporate governance and transparency. A little-known quirk surrounding the way customers buy shares and investments means that almost no UK investors legally own the shares they buy,…
DetailsAbhishek Tripathi and Avantika Shukla look at role of adjudicating bodies in IBCs evolution The Insolvency and Bankruptcy Code, 2016 (IBC), is considered to be among the biggest achievements of the National Democratic Alliance (NDA) government. With the NDA coming back to power, it can be assumed that the IBC will receive a greater push.…
DetailsDhananjay Kumar and Hamraj Singh suggest ways to speed up insolvency resolution The Insolvency and Bankruptcy Code, 2016 (IBC) emphasizes the importance of time-bound reorganization and resolution for distressed entities and it is touted as one of its defining features. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016…
DetailsErnst & Young said it found significant transfers of cash from Quadriga to Mr. Cotten and his wife. Photo: Decentral June 20, 2019 6:48 pm ET The court-appointed monitor for bankrupt QuadrigaCX said the Canadian cryptocurrency exchanges late founder took most of the money entrusted to him by clients and spent much… Read the full…
DetailsChinese regulators are moving to relax restrictions on merger and acquisition deals involving listed companies in a bid to allow them to improve businesses through asset restructuring amid slowing economic growth. The China Securities Regulatory Commission (CSRC) Thursday issued a draft revision of rules regarding listed companies asset restructuring to seek public comments until July…
DetailsThe NCLAT Thursday set aside orders of the NCLT Kolkata-bench, and directed it to hear the insolvency plea against Duncans Industries afresh filed by A J Agrochem, an operational creditor of the tea firm. Allowing the petition of Agrochem, a two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has directed the National…
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