Duties of a director in the insolvency vicinity – Guardian

CBN Governor, Godwin Emefiele English decisions suggest that the duties are owed for the benefit of creditors: HLC Environmental Projects Ltd v Carvalho (2014) BCC 337, 362; Colin Gwyer & Associates Ltd v London Wharf Ltd (2003) BCC 885, 906 [74]; West Mercia Safetywear Ltd v Dodd (1988) BCLC 250 at 253;Brady & Anor v Brady & Anor (1987) 3 BCC 535, 552. In contrast, Australian authorities such as Walker v Wimborne (1976) 137 CLR 1 and Bell Group Ltd v Westpac Banking Corp (2012) WASCA 157 and leading judicial authorities in New Zealand such…

Deposit Guarantee Fund completes audit of Bank Nadra – Kyiv Post

Published Dec. 20 at 11:18 am Depositors of the Nadra Bank wait in line to try to withdraw their money on Feb. 6, 2015, a day after the bank was declared insolvent. Photo by UNIAN Popular on social media The Individuals Deposit Guarantee Fund has completed the forensic audit of Bank Nadra (Kyiv), as a…

Big banks refused to cut me a deal, says bankrupt TD – Irish Independent

The bankruptcy will not affect Mr Wallace’s seat as the law disqualifying a bankrupt person from being a member of the Dáil was abolished in 2014. But it means that control of his assets is now in the hands of Official Assignee, Christopher Lehane, who will seek to realise whatever value he can for creditors.…

Disappointment as North Bay’s space partner declared bankrupt … – BayToday

The announcement Wednesday that Swiss Space Systems had been declared bankrupt by a Swiss court caught local partners by surprise. See: Swiss Space Systems declared bankrupt Canadore President George says he learned of the bankruptcy at the same time as everyone else last week after reading media reports. “I’m disappointed of course because we had a…

Scoop Business » Havenleigh Global Services Ltd v Henderson – Scoop.co.nz (press release)