Each year, it seems the stigma associated with bankruptcy continues to fade just a little…but should it? While every individual’s situation is different and needs to be considered on its own merits, there are upsides and downsides to filing for bankruptcy that must be understood before choosing the insolvency path. Allowances in bankruptcy When an individual […]
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 Ashfords. Article by Olivia Bridger and Alan Bennett. Chief Registrar Baister overturned the Adjudicator’s decision in refusing to grant a Bankruptcy Order where the Debtor’s COMI was an issue. Mr Budniok, a German citizen who had recently moved to London, applied online for a Bankruptcy Order in England. After several requests for […]
This article was sourced from The Paramus Post. H&R Block to host free shred event in Selden and Lakewood NEW YORK, N.Y. – Three million Americans annually report tax identity theft and the IRS has paid out an estimated $5 billion in fraudulent returns for a single year. While cyber attacks pose a major threat, not […]
This article was sourced from TechCrunch. Article by Jon Russell. Done betting, Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba became the first major international player to enter Southeast Asia, a region with more than 600 million cumulative consumers, when […]
This article was sourced from LinkedIn. Article by Mark Hardy. In this series, retail experts at Shoptalk discuss the most pressing issues facing their industries today. Write your own #Shoptalk17 article here. Virtual reality is being talked about a lot right now. Depending on who’s doing the talking, VR is either on its way to change the future as we know […]
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 Business Insider. Article by Simon Thomson. A 40% tax rate on multinational companies that use overseas tax havens to avoid paying tax in Australia was passed by the Senate last night. The diverted profits tax (DPT), also known as the “Google tax”, was a key part of treasurer Scott Morrison’s budget […]
This article was sourced from Lexology. Article by Corrs Chambers Westgarth. This week’s TGIF considers Fordyce v Ryan & Anor; Fordyce v Quinn & Anor [2016] QSC 307, where the Court considered whether a beneficiary’s interest in a discretionary trust amounted to ‘property’ for the purposes of the Bankruptcy Act 1966 (Cth). BACKGROUND The case centred around […]
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 Letters from Norway. Article by Nick Kamran. Sweden’s welfare state supposedly allows for success while providing a safety net for those unable to keep up with the market. In principle, it is an ideal state, achieving a utopian like state. However, Sweden’s touted economic success has come at the expense of […]
This article was sourced from Reuters. Article by William Mallard and Makiko Yamazaki. Westinghouse Electric Co, the U.S. nuclear unit of Japan’s Toshiba Corp (6502.T), could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea’s Korea Electric Power Corp (015760.KS), the Nikkei said on Monday. A Chapter 11 filing could help […]
This article was sourced from NY Times. Article by Stephen J Lubben. In a restructuring world dominated by oil and gas companies on the one hand and retail on the other, iHeartMedia stands out. But if we dig a bit deeper, the San Antonio-based radio and billboard company shares some similarities with those other companies buffeted by […]
This article was sourced from ABC News. Article by Michael Edwards. The Reserve Bank is introducing new technology this year which will push Australia even further towards being a cashless society. Later this year the bank will roll out a new system called the New Payment Platform (NPP). The NPP will mean money can be transferred […]
This article was sourced from Fast Company. Article by Lydia Dishman. Recently, a spate of companies in the tech industry decided to delay reporting on their progress toward making their workforces more diverse and inclusive. Others are still doggedly transparent, even if their gains have been incremental. One thing is missing: how the employees feel about the […]
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 Bloomberg. Article by Emily Cadman. Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas. Under the Australian regime, foreign firms which offer services to the wholesale market can obtain exemptions […]