A team of Norton Rose Fulbright lawyers, including a restructuring and insolvency partner, has left the global giant to set up a boutique firm. Assured Legal Solutions announced today that it has opened for business in Sydney. The boutique firm focuses on commercial and financial services law. Nicola Cosgrove and Chris Cruikshank, of NRFs restructuring…
DetailsThe government is considering amending the Insolvency and Bankruptcy Code (IBC) to protect the interests of home buyers who have invested their savings to buy a house. There are two options before it amend the bankruptcy law to ensure that buyers get their due and not lose out to banks and financial institutions when a…
DetailsEven Bruce Gordon’s barrister didn’t seem convinced by his own argument. Andrew Bell, the new go-to advocate for media moguls, wanted NSW Supreme Court judge Ashley Black to put Lachlan Murdoch and Gordon’s takeover bid to Network Ten’s creditors, especially its 750 employees, who could be decisive. But only if administrator Mark Korda and CBS…
DetailsBeleaguered German airline Air Berlin has had to cancel flights en masse after it was swamped by pilots ringing in sick. On Tuesday, about 200 of the 1500 pilots due to fly that day called in sick, the airline said. Today is a day that the existence of Air Berlin is threatened, wrote Air Berlin…
DetailsA 6-year-old in Idaho has been supplying her community with fresh lemonade while helping schools erase their lunch debt. Amiah Van Hill offers free lemonade to people in Hayden, Idaho, and educates them about the many kids who cant afford lunch and ra… Read the full article at: http://www.huffingtonpost.com/entry/6-year-old-starts-lemonade-stand-to-erase-school-districts-lunch-debt_us_59b8096ee4b027c149e2db38
DetailsSAVED: Former Arrium Administrator Mark Mentha had to battle against the odds to rescue Arrium from its debt. With the sale of Liberty OneSteel, formerly Arrium, now complete, former Administrator Mark Mentha looks back on the long journey to this point. Introduction Arriums Whyalla operation had been under significant pressure for a sustained period before…
DetailsDefence barrister Phillip Boulten, SC, held up his hand and clicked his fingers. “Everything happened just like that. It was very quick, it was a charged atmosphere.” Qian Liu, who has pleaded not guilty to murdering her husband, outside the Supreme Court in Sydney on Wednesday. Photo: AAP Mr Boulten was describing the moment Qian Liu…
DetailsThe NCLT bench heard the arguments raised by both the parties and reserved the order. The Chennai bench of National Company Law Tribunal (NCLT) on Tuesday reserved order on the insolvency case filed against the now-defunct homestay start-up Stayzilla by city-based Jigsaw Solutions. The NCLT bench heard the arguments raised by both the parties and…
DetailsSeptember 12, 2017 18:44 ET | Source: Seadrill Partners LLC London, United Kingdom, September 12, 2017 – Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces today that the Company’s largest shareholder, Seadrill Limited (“Seadrill”), has entered into a restructuring agreement with secured lenders, bo… Read the full article at: https://globenewswire.com/news-release/2017/09/12/1118428/0/en/SDLP-Seadrill-Limited-Restructuring-Update.html
DetailsMembers of boards of directors will now have to have unique director identification numbers as a way of combating phoenix companies where businesses are sent broke but their assets rise again in another company. The federal government says illegal phoenixing costs the economy up to $3.2 billion a year. Among the latest measures are making…
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