The National Company Law Tribunal has for the first time directed that a liquidator be appointed in place of an existing resolution professional in the case of a company which has no feasible resolution plan in sight, marking a new chapter in the evolving Insolvency and Bankruptcy Code. The tribunal has directed the winding up…
DetailsFew expect the Eastern Partnership (EaP) summit to give new a life to the largely stalled programme of the European Unions engagement in its Eastern neighbourhood. The EaP has been reduced largely a discussion of technicalities and bland, aspirational statements. It should be more than that. How the EU works, or does not work, with…
DetailsNovember 27, 2017 Aliya Ram and Katie Martin Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill u… Read the full article at: https://www.ft.com/content/3a89fab0-d365-11e7-a303-9060cb1e5f44
DetailsA court in the western German city of Stuttgart has sentenced the 73-old former drugstore tycoon to two years probation, finding him guilty on 36 counts of embezzlement, perjury and other misdeeds in the lead-up to the eponymous firm’s bankruptcy. The judge on Monday also imposed two-year prison terms on his children, Lars and Meike. The trial started in…
DetailsSydney is to get a new theatre. In a city that has made a feature of demolishing fine theatres, this is welcome news. That it is to be in Sydney’s west, which, with the exception of a small but well-designed theatre in Paramatta is not well served by performance venues, is something else to be…
DetailsInvestors knowingly misold worthless bonds may be able to claw back more of their cash from administrators, following an initial compensation payout. The Financial Service Compensation Scheme said the administrator of Catalyst Investment Group, which was declared insolvent in 2013 after being found to have sold illegitimately issued bonds, was preparing to make its first…
Details“Most people find that a little effort can mean significant savings,” says Housser. “The result can be a holiday season filled with more joy and less debt.” He offers eight ways to help consumers find an extra several hundred dollars over the next month, avoid going into debt and still enjoy the season. Eliminate unused…
Details(PRNewsfoto/Peekay Boutiques, Inc.) AdvertisementPeekay Boutiques Joint Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on November 15, 2017. BankruptcyDatas detailed Plan Summary notes, The Plan provides for the liquidation and sale of substantially all of the Debtors Assets to the Buyer, subject in…
DetailsOne in seven adults in debt has hidden their money problems from a partner, according to relationship charity Relate. Some 14% of those with debt say they have kept it secret from a partner – and 7% of those with debt are currently hiding it – a report which highlights the links between debt and…
DetailsLetter to the Editor by Cr Glen Hartwig IT IS an interesting read, Cr Curran’s letter (published online today and in The Gympie Times November 28.). Once again selected information that is not completely representative of the real situation. The facts are that the Water and Sewage Department had a number of redundancies and one…
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