This article was sourced from Reuters. Reporting by Esha Vaish in Bengaluru; Editing by Mark Potter. The directors of small British construction businesses are lending them more money to plug a funding gap as banks set tighter lending criteria and major contractors delay payments, a survey showed on Monday. Directors lent the companies 38 million pounds […]
This article was sourced from Bloomberg. Article by Arif Sharif and Ahmed A Namatalla. The standoff between Dana Gas PJSC and its bondholders took a fresh twist after the Middle Eastern energy explorer that’s trying to void $700 million of its own debt was said to believe investors may even have to pay the company. The Sharjah-based gas producer […]
This article was sourced from Reuters. SHANGHAI, Aug 3 (Reuters) – Chinese courts handled more than 4,700 bankruptcy cases in the first seven months of 2017, up “steadily” on the same period of 2016 as Beijing stepped up its campaign against ‘zombie firms’, a senior official with the judiciary said on Thursday. “The difficulties of […]
This article was sourced from NCI. About NCI As Australia’s leading trade credit insurance broker, NCI is uniquely placed to report on the ‘ups and downs’ of the country’s inter-business trading climate. With frequent media reports on the fluctuations of business trade credit factors, NCI’s quarterly credit risk index is ideally placed to demonstrate the […]
This article was sourced from BRI Ferrier. The ease with which an insolvent company may appoint an administrator following the resolution of its board presents an opportunity for unscrupulous directors to take advantage of the administration procedure for extraneous and improper purposes. Australian courts have often intervened to terminate a voluntary administration where the decision […]
This article was sourced from TMA Events. Yesterday’s Australian Financial Review has published an article on page 6 which positions the TMA in tandem with AVCAL as two key industry supporters backing the proposed Safe Harbour provisions which form part of the Federal Government’s innovation agenda. National Board director, Marcus Derwin, speaks on behalf of […]
This article was sourced from Bloomberg Markets. Article by Luke Kawa. Euro soars on French election results, Chinese stock slump raises fears of yuan depreciation, and the U.S. looks to avoid a government shutdown. Here are some of the things people in markets are talking about today. Euro Up The euro spiked to a five-month high […]
This article was sourced from CPA Practise Advisor. Article by Isaac M O’bannon. KPMG LLP, the audit, tax and advisory firm, recently determined that six individuals in its Audit practice, including the head of the Audit Practice, four other partners and one employee, had violated the firm’s Code of Conduct and they are leaving the firm. […]
Save up to $400 on your National Conference 2017 registration The premier professional event for the restructuring, insolvency and turnaround profession in Australia, we are pleased to announce three of our headline speakers in Melbourne: KEYNOTE: The Hon Justice Ashley Black, Supreme Court of New South Wales will share his thoughts on developments in insolvency […]
This article was sourced from Ashfords. Article by Alex Connors and Alan Bennett. The English Court of Appeal dismissed an appeal that a claim could be pursued in the English courts whilst the defendant was also subject to winding-up proceedings under Icelandic insolvency law. This case concerned a Court of Appeal hearing following the collapse of […]
This article was sourced from BarNet Jade. This article is in PDF format and can be found at https://jade.io/article/524817 Tell us what you thought of this article by commenting below or connecting with us on LinkedIn or Twitter.
This article was sourced from Zero Hedge. When we commented yesterday morning on the unexpected “going concern” notice in Sears’ just filed 10-K which sent the stock crashing, we pointed out the immediate spin provided by Eddie Lampert’s distressed retailer which promised that its comeback plan may help alleviate the concerns, “satisfying our estimated liquidity […]
This article was sourced from BarNet Jade. This article is in PDF format and can be found at https://jade.io/article/525205 For specialist advice regarding your specific circumstances, please contact the BCR team. Tell us what you thought of this article by commenting below or connecting with us on LinkedIn or Twitter.
This article was sourced from Lexology. Article by Baker Mckenzie. While the e-commerce industry is growing quickly in Thailand, there currently exist only a few regulations governing this business in the country. Recently, the Central Committee on Prices of Goods and Services, Ministry of Commerce, issued Notification No. 44 B.E. 2560 re: Displaying of Price and Details […]
This article was sourced from NY Times. Article by Reuters. BERLIN — Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel’s conservatives said. Greece has lost […]
This article was sourced from Insolvency News. As the awards scheme, sponsored by Capa, reaches the milestone of championing best practice for the past decade, entries are now open for nominations of those who deserve public recognition among their peers. After a successful rebrand in 2016, the awards scheme has retained its structure of celebrating […]
This article was sourced from Insolvency Interface. Article by Peter Keenan. Researchers at Melbourne University have issued their third and final report on investigations into insolvency fraud committed through the use of phoenix companies. The 162 page report, issued on 24 February 2017, is titled Phoenix Activity: Recommendations On Detection, Disruption And Enforcement. In the Executive […]
This article was sourced from Insolvency News. Metro Bank has launched a specialist large commercial banking team focussed on supporting businesses with turnover of more than £10m. A team of 10 will focus on companies with £10m-plus turnover and debt in excess of £3m. It will also support organisations with day-to-day banking requirements, such as […]
This article was sourced from Insolvency News. Personal insolvencies have dropped year-on-year but young parents are suffering most, according to information services group Experian. Statistics from the group found the number of people facing insolvency during the third quarter of this year has decreased by 14 percent compared to the same period last year. This figure […]
Enrolments close on 10 March for the first subject in ARITA Advanced Certification: Fundamentals of Restructuring, Insolvency & Turnaround. This is the only opportunity to commence Advanced Certification in 2017. More information Enrolments Do any of your staff want to become a Registered Liquidator or Trustee in 2018? If any of your staff members intend […]