IKEA US President Lars Petersson is set to retire at the end of August 2019. Javier Quiones, the retail manager of the chains UK and Ireland divisions, will take his place. Petersson worked at IKEA for 36 years and will remain with the company through the summer as a senior advisor. IKEA US President Lars…
DetailsThe Supreme Court on January 25, 2019 upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC). A Bench headed by Justice R.F. Nariman upheld the constitutional validity of the code in its entirety. However, the apex court said that related parties in the Act should mean a person connected with the business. The…
DetailsWhen is BTs earnings date? BT Group will report third quarter (Q3) results on Thursday 31 January. This will cover the three months to the end of December 2018. Who is BT Groups new chief executive Philip Jansen? The results mark the end of Gavin Pattersons two year tenure as CEO of BT as he…
DetailsKerala Governor P Sathasivam Friday came down on the Union government for “penalising” the state for its achievements in various fields and sought a restructuring of Centre-state relations. Delivering his customary policy address in the state Assembly marking the beginning of its 14th session, he said the restructuring should be in such a way…
DetailsThe economy could see more businesses becoming insolvent, with the number of trade credit insurance claims shooting up 41% in the December quarter from a year earlier. Data collected by National Credit Insurance (NCI) puts the value of each claim at about $97,000. Last year insurers paid out $64 million in trade credit claims, which…
DetailsHYDERABAD: The National Company Law Tribunal (NCLT), in a first, has passed orders restraining others from using the brand name and trademarks of a corporate debtor — Servomax India — currently undergoing corporate insolvency resolution process (CIRP). NCLT has stepped into the issue of brand protection and trademark enforcement responding to the plea of resolution…
DetailsThe Insolvency and Bankruptcy Code, 2016 provides for corporate insolvency resolution process for invitation, receipt, and consideration of resolution plans; and approval of a resolution plan to resolve insolvency of the corporate debtor. It envisages that a resolution plan, once approved, must be implemented. In furtherance of this, the Insolvency and Bankruptcy Board of India…
DetailsWhat Is debt consolidation? If youre struggling with credit card debt, youre certainly not alone. According to credit reporting bureau Experian, the average American has a credit card balance of $4,293. Because credit cards can have incredibly high interest rates some as high as 30 percent your credit card balance can quickly balloon out of…
DetailsThe Supreme Court on Friday upheld the Insolvency and Bankruptcy Code (IBC) in its entirety, dismissing all petitions by operational creditors who had challenged the validity of the code. The only change, the top court said, would be that the definition of connected persons would now include persons connected only to the corporate debtor…
DetailsUniversity of Queensland experts are available to comment on the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Journalists can contact the experts below or search by topic or name at UQ Experts. Dr Vicky Comino: School of Law Dr Cominos main research area is corporate law,…
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