An official probe into the collapse of BHS has grown so complex that it is consuming one-tenth of the investigative capacity of an agency charged with disciplining rogue directors, a minister has claimed. Investigators at the Insolvency Service began looking into BHS shortly after the company filed for protection from creditors in April. The agency…
DetailsNEW YORK–(BUSINESS WIRE)–As part of its continuing leadership transition plan, Otterbourg P.C. has named Daniel Fiorillo head of the firms restructuring practice group as of January 1, 2017. Jonathan Helfat, who successfully led the group for more than 25 years, will be stepping down from that position but will continue to practice actively with the…
DetailsLWP Capital Inc. Provides Update on Liquidation Proceedings LWP Capital Inc. October 26, 2016 10:36 ET TORONTO, ONTARIO–(Marketwired – Oct. 26, 2016) – LWP Capital Inc. (formerly “Legumex Walker Inc.“) (“LWP” or the “Company“), by KSV Advisory Inc. in its capacity…
DetailsBankrupt businessman Geoffrey Edelsten faces years of litigation in Australia and the United States, with creditors in both countries lining up to get a piece of his Victorian assets. Edelsten is being chased by more than 40 creditors , including the Australian Taxation Office, for millions of dollars. He also owes National Australia Bank, Bendigo…
DetailsLess than a year ago, Argentina was on the brink of a balance of payments crisis after 12 years of populist rule. But dollars have flooded into the economy since the business-friendly government of Mauricio Macri took over last December, with central bank reserves last week surging above $40bn. Although the record set by Argentinas…
DetailsThe number of Scottish businesses becoming insolvent dipped almost 16 per cent quarter on quarter but rose 21 per cent year on year, latest official figures show. The Accountant in Bankruptcy (AiB), which records the number of corporate insolvencies and member voluntary liquidations logged, recorded 218 business failures in the three months to September 30,…
DetailsTraditional owners in Western Australia are worried the collapse of Pluton Resources could trigger a significant environmental incident in the Kimberley. The WA Department of Mines and Petroleum has confirmed Pluton’s Cockatoo Island iron ore pit is filling with water and is expected to be full within days. “It is anticipated that at…
DetailsSian Aitken Sian Aitken and Graeme MacLeod look at a case confirming the precedence of domestic administration proceedings in a multi-jurisdictional winding-up, marking the first time modified universalism has been recognised in Scots law. The Court of Session has confirmed that the administration in Scotland of a Scottish company will take priority over an Indian liquidation…
DetailsDomestic slavery, sex slaves and scandal-ridden convenience store chain 7-Eleven are top of the agenda for a new powerful government-run migrant taskforce headed by Professor Allan Fels. Professor Fels will write to 7-Eleven this week seeking details on its compensation scheme and workplace compliance to ensure it is addressing systemic wage fraud across its franchise…
DetailsBankrupt businessman Geoffrey Edelsten faces years of litigation in Australia and the United States, with creditors in both countries lining up to get a piece of his Victorian assets. Edelsten is being chased by more than 40 creditors , including the Australian Taxation Office, for millions of dollars. He also owes National Australia Bank, Bendigo…
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