New Delhi: It is unlikely that the draft regulations for insolvency professionals, once finalized, will see many changes, despite concerns many practitioners have raised. A ministry of corporate affairs official, declining to be identified, said that the draft rules are well thought out and incorporate concerns outlined by the industry, an indication that these rules…
DetailsThe ANZ has appointed Gerard Florian of Dimension Data as group executive technology in another shakeup of senior executives at the bank. As part of the management change, chief information officer Scott Collary, who has been in the role since 2014, will leave the ANZ later this month. Florian was chief strategy officer for the…
DetailsThe receivers for struggling children’s clothing chain Pumpkin Patch are continuing to look for a buyer for the business after announcing a bunch of store shutdowns and job cuts last week. KordaMentha, the receiver for the ailing retailer, had said late last month it had received interest in the business from a few parties. Joseph…
DetailsDatuk Seri Azalina Othman said the Bankruptcy Act 1967 will be amended to enable a more realistic approach in addressing bankruptcies. Picture by Choo Choy MayKUALA LUMPUR, Nov 7 The Bankruptcy Act 1967 will be amended to include an escape clause for debtors declared insolvent over unpaid debts, de facto law minister Datuk Seri Azalina…
DetailsA British barrister who was previously jailed three years for tax fraud has been disbarred. According to The Law Society Gazette, a disciplinary tribunal handed down the order on October 28 in relation to the barristers offense of dodging £274,000 (about $447,000) in taxes. Roberts, who previously worked for New Square Chambers before setting up his own…
Detailsby Susan J. Matt The election season has brought endless surprises and there seems no end in sight. Yet despite the discovery of new troves of email perhaps the biggest surprise still remains the rise of Donald Trump. Even if he loses, its worth asking how Trump got as far as he did. One overlooked…
DetailsImperial Banks head office in Westlands, Nairobi. Directors and shareholders of the bank have blamed CBK for the loss of Sh38b. [PHOTO:BEVERLYNE MUSILI/STANDARD] The High Court in Nairobi has stopped the Central Bank of Kenya (CBK) from liquidating Imperial Bank Ltd (IBL) until the relevant legal provisions are complied with. Justice George Odunga, while delivering…
DetailsANZ chief Shayne Elliot has been applauded for the incredible progress made on his great restructuring. But it won’t be a simple journey from here. Janie Barrett Blame BHP Billiton chief executive Andrew Mackenzie. His aggressive efforts to simplify the resources giant and make it a more focused and resilient business seems to have popularised…
DetailsNews-Miner opinion: The proliferation of student loan debt is a huge and growing concern for Alaska and the United States. While significant student debt has long been a part of the U.S. financial picture, particularly for costly programs such as law or medical school, the amount borne per student and the number of students coming…
DetailsThe foundation provides free legal services for those who qualify Tashanea Whitlow Published: November 5, 2016, 9:23 pm SPRINGFIELD, Mass. (WWLP) On Saturday, dozens of people gathered for a private dinner at the Sheraton hotel in downtown Springfield to help raise funds for people drowning from debt. The Massachusetts Debt Relief Foundation helps people get…
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