Insolvency BCR Advisory
Insolvency

Invalid appointment of administrators on grounds of improper motives of directors

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 […]

BCR Advisory
Insolvency

National Conference 2017 registration

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 […]

Insolvency BCR Advisory
Insolvency

Vincent Aziz Tchenguiz & Ors v. (1) Kaupthing Bank HF (2) Johannes Runar Johannsson [2017] EWCA Civ 83

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 […]

BCR Advisory Bankruptcy
Insolvency Technology

E-Commerce Operators Required to Display Price and Any Expenses Online

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 […]

Bankruptcy BCR Advisory
Insolvency

Entries open for the 10th TRI Awards

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 […]

BCR Advisory
Insolvency

Final report on university research into fraudulent phoenix companies

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 […]

BCR Advisory Office
Insolvency

Metro Bank launches commercial banking team

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 […]

Insolvency BCR Advisory
Insolvency

Young families found most likely to become insolvent

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 […]