At the start of the fall semester, attorney Kimball Parker began a new class with nine Brigham Young University law students and a lofty goal: Find an area of law that is difficult for people to navigate and provide a solution. Parker and the students who were enrolled in the LawX course gathered data from…
DetailsThe Australian government’s proposed director identification number is just one weapon in the war against company phoenixing. By Michelle Lindsay In December 2013, Australian designer jeans label Ksubi was placed into receivership after 13 years in business, putting around 60 employees out of work. While on the surface this was simply a story of…
DetailsFTI Consulting, administrators of ailing Australian etailer Surfstitch, has released an update of the second creditors meeting, where the fate of the company will ultimately be decided. In a statement to the market, the administrators stated the creditors will determine the future of the company and the outcome of the voluntary administration at the meeting.…
DetailsTOKYO — NEC will offer early retirement packages for 3,000 of the 80,000 people employed in Japan by group companies next fiscal year, as it turns to restructuring yet again to help revive stagnant earnings in a fiercely competitive market. Workers at the Japanese company’s nine domestic factories along with back-office staff will be asked to leave…
DetailsCaroline Binham in London January 30, 2018 Top executives at Royal Bank of Scotland say they will no longer fight the main conclusions and recommendations of a withering independent review of alleged mistreatment of small business customers by the bank. Sir Howard Davies, the chairman, said during a bruising hearing before MPs on Tuesday that…
DetailsThe combination of flatlining wages and big mortgages is driving up the number of people filing for bankruptcy. The Australian Financial Security Authority has revealed that bankruptcies and private debt agreements nationally and in WA are at their highest since the global financial crisis. But figures from NAB yesterday confirmed a different story for the…
DetailsTHE company overseeing The Outdoor Furniture Specialists chain has gone into administration amid increasingly tough times for the retail sector. The Brisbane-based company is the head franchisor for 46 stores across Australia and claims to be the largest specialist outdoor furniture retailer in the country. Franchise store operators contacted yesterday said they were continuing to…
DetailsMuch has been said about the benefits SMEs will see from new draft legislation recently proposed by the Federal Minister for Revenue and Financial Services authorising the Australian Taxation Office to disclose business tax debts to credit reporting bureaus. While the stated aim is to help the SME sector, in reality SMEs will be largely…
DetailsRelated Story: Pre-insolvency business advisers investigated over missing millions Related Story: ATO chasing millions from companies linked to controversial adviser A firm of business advisers accused of helping company directors hide cash and assets from creditors and the tax office has gone into liquidation, raising questions over whether the…
DetailsRelated Story: Russia accuses Trump of ‘humiliating’ climbdown over sanctions Related Story: New Russia sanctions have passed US House of Reps, but will Trump sign them? Russian President Vladimir Putin says the Trump administration made a “hostile step” when it published a list of Russian businessmen and politicians as…
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