The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media outlets in recent days.…
DetailsThis article is a crosspost from SME Law. The Liquidation Preference term is frequently used in fundraising rounds. It is a major economic term to be negotiated in the term sheet between the founders and the investors, and is arguably the preference of the preferred shares. Definition of liquidation A liquidation is the procedure according…
DetailsImage copyright Getty Images A ban on new casinos opening in Swansea is set to be extended for three years. The city’s council imposed the rule in 2014, which followed on from barring sex entertainment venues 12 months earlier. Tackling poverty is a priority for the council and it sees gambling as having the potential…
DetailsOct 26, 2017 Newsdesk Japan, Latest News, Top of the deck   A comparative paper on casino regulation published by the University of Nevada, Las Vegas (UNLV) suggests any Japanese casino industry should avoid the practice pursued in the Nevada, Macau and Singapore casino markets of allowing certain gamblers to play on credit. Japan…
DetailsNEW DELHI: Discrepancies in the insolvency and the bankruptcy code was one of the missing links in the debt recovery regime of our country. After much deliberation, the Insolvency and Banking Code, 2016, was introduced to create a balance in the rights between creditors and borrowers and strengthen the position of creditors, as it appeared…
DetailsUpdated: Oct 26, 2017, 10.38 AM IST The government is of the view that Insolvency and Bankruptcy Code (IBC) provides that the resolution plan will be binding on a company , its shareholders, lenders, employees, guarantors and other stakeholders if approved by NCLT. NEW DELHI: The government on Wednesday said insolvency resolution plans, such as…
DetailsOct 26, 2017 Newsdesk Japan, Latest News, Top of the deck   A comparative paper on casino regulation published by the University of Nevada, Las Vegas (UNLV) suggests any Japanese casino industry should avoid the practice pursued in the Nevada, Macau and Singapore casino markets of allowing certain gamblers to play on credit. Japan…
DetailsNEW DELHI: The government on Wednesday said insolvency resolution plans, such as sale and transfer of assets, do not require approval from shareholders or the company as the law provides a detailed process from the receipt of the resolution plan to approval by the adjudicating authority. The clarification by the ministry of corporate affairs is…
DetailsOne of Australia’s largest private training colleges has collapsed, leaving 15,000 students in limbo and plunging 1000 staff into unemployment. The embattled Careers Australia was placed into voluntary administration late on Thursday – six weeks after it was stripped of federal funding due to dismal completion rates and aggressive recruitment practices. Classes have been suspended at the…
DetailsA nearly three year old elevator insolvency case has been closed. Almost. It involves the Grand Forks Bean Company. That elevator dealt with edible beans. It went into insolvency after not being able to pay farmers claims. The last such claim has now been paid. The courts said Curt Amundson had a credit sale contract…
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