Peter Cundill: Discount To Liquidation Value via Jason Boole, Boole Microcap Fund Theres Always Something to Do: The Peter Cundill Investment Approach This weekend I read a fascinating book, Theres Always Something to Do: The Peter Cundill Investment Approach, by Christopher Risso-Gill. Peter Cundill was one of the best value investors in the world. He…
DetailsThe Romanian insolvency law should be modified because its to permissive, according to Dragos Doros, the president of Romanias National Fiscal Administration Agency ANAF. The state has been losing big amounts of money from firms that went into insolvency to take advantage of the holes in the law and avoid paying their taxes. Almost every…
DetailsProposed changes to Australia’s bankruptcy and insolvency laws will push Australians to declare bankruptcy, which means “the federal government is essentially incentivising people into insolvency”, according to the Personal Insolvency Professionals Association (PIPA). The new law would reduce the current default bankruptcy period from three years to 12 months. PIPA director, Ben Paris, said this meant…
DetailsFormer Union law secretary T K Viswanathan, key architect of the just-enacted Insolvency & Bankruptcy Code and chairman of the Bankruptcy Law Reforms Committee, shares his views on the future of the legislation in an interview with Sudipto Dey. Edited excerpts: Now that Parliament has cleared the Code, by when do you…
DetailsIndividual borrowers and consumers can take heart from a couple of key provisions in the Insolvency and Bankruptcy Code Bill passed by Parliament – the provision to start their lives afresh after being declared bankrupt. They also will have the option of initiating the insolvency resolution process on their own, under certain…
DetailsAdvertisement The Rajya Sabha on May 11, 2016 passed the Insolvency and Bankruptcy Code 2016 (“Bankruptcy Code”), a vital reform aimed at making it easier to do business in India by providing for time-bound resolution of insolvency process, faster turnaround of busi… Read the full article at: http://businessworld.in/article/The-Insolvency-And-Bankruptcy-Code-2016/14-05-2016-98042
DetailsWhile the speed with which the government has brought about the new legislation deserves to be applauded, the absence of many significant provisions takes the sheen off an otherwise much-needed piece of reform. The Bombay Stock Exchange. Source: BSE The passing of the Insolvency and Bankruptcy Code by parliament has finally paved the way for…
DetailsShare Tweet Share Share Email Liquidation is a dreaded term because it simply means ending a company for assets to be redistributed in an effort to pay off debts that are outstanding and creditors. It is also what is preferred to as dissolution, winding up or receivership. When it comes to liquidation, it can either…
DetailsCalcutta, May 14: Cost accountants are eyeing a bigger role with the introduction of the insolvency and bankruptcy code. According to the code, licensed insolvency professionals will now conduct the bankruptcy and insolvency resolution process and insolvency professional agencies will be created. The appointed professional shall conduct the entire corporate insolvency resolution process and…
DetailsReuters, 14/05 16:43 CET ATHENS (Reuters) Greece aims to tap bond markets next year, Prime Minister Alexis Tsipras told a Greek newspaper on Saturday, after Athens started talks with creditors earlier this week on how to make the countrys debt burden more manageable. Cut off from global credit markets since 2014, Greece signed up to…
Details