Behaviour of liquidators to come under greater scrutiny by corporate watchdog
The behaviour of liquidators is set to come under greater scrutiny from the Office of the Director of Corporate Enforcement as the number of company failures remains at a high level. New ODCE director...
View ArticleProtection from creditors, failure without stigma drive insolvency reform
Avia Collinder, Business Writer Jamaica has seen a rash of business failures in the past five years, some of which were forced into receivership and picked clean of assets by creditors. Asset recovery...
View ArticleA Whiff of Panic in the Air
Things are now happening so fast in the context of the ever further worsening debt and economic crisis that the ink has barely dried on an article when it already becomes outdated again. In Greece,...
View ArticleD�il passes emergency legislation to liquidate IBRC
IRISH TIMES REPORTERS Emergency legislation to allow for the liquidation of Irish Bank Resolution Corp (formerly the failed Anglo Irish Bank) was passed by the Dáil shortly before 3am. The is designed...
View ArticleGet Over It, We've Already Defaulted
In their 2009 book, This Time Is Different, economists Carmen Reinhart and Kenneth Rogoff singled out Australia, Canada, New Zealand and the United States as countries that have never defaulted, or...
View ArticleDynegy (DYN) Both 'Troubled and Disappointed' with Examiner's Report, Issues...
DYN Hot Sheet NEUTRAL ( Up) Dynegy Inc. (NYSE: ) has filed a response to the Examiner’s Report with the United States Bankruptcy Court for the Southern District of New York, Poughkeepsie Division. In...
View ArticleNew, dangerous phase for Europe
With last week's tumult in Italian markets, the European financial crisis has entered a new and far more dangerous phase. Where the crisis had been existential for small economies on the periphery of...
View ArticleTo Repay or Not to Repay Debts?
BRUSSELS – For months now, a fight over sovereign-debt restructuring has been raging between those who insist that Greece must continue to honor its signature and those for whom the country’s debt...
View ArticleFinal Report v4: Earthquake-Prone Buildings
Friday, 7 December 2012, 11:19 am Press Release: Canterbury Earthquakes Royal Commission [Full report: Final_Report_Volume_4_Web.pdf] Final Report Volume 4: Section 1: Summary and recommendations -...
View ArticleInsolvency laws need to be updated to attract investments
Dubai: A clear legal framework to deal with insolvencies and corporate bankruptcies that define the rights of both debtors and creditors are important to attract both foreign investments and foster...
View ArticleDynegy Responds to Examiner’s Report
HOUSTON--(BUSINESS WIRE)--Dynegy Inc. (NYSE: DYN) today announced that it has filed a response to the Examiner’s Report with the United States Bankruptcy Court for the Southern District of New York,...
View ArticleCFD traders under scrutiny as watchdog warns of more prosecutions
THE corporate regulator has warned it will prosecute more promoters that engage in misleading and deceptive advertising of financial products to investors, using sweeping powers under the national...
View ArticleLiquidators appointed to eight South Canterbury Finance co's
Friday, 8 June 2012, 3:05 pm Press Release: PricewaterhouseCoopers News release text: 8 June 2012 News Release Liquidators appointed to eight companies within the South Canterbury Finance Group John...
View ArticleASIC alert: running on empty
ALMOST one in two companies that spiralled into administration last financial year were suspected of insolvent trading, according to a Australian Securities and Investments Commission report. The...
View ArticleOldco Rangers nears liquidation
The administrators have instructed lawyers to make a formal application to place the company into liquidation in the Court of Session. The club was consigned to liquidation in June when Her Majesty's...
View ArticleBankrupt jailed for more than three years
Thursday, 27 June 2013, 2:03 pm Press Release: Ministry of Business Innovation and Employment 27 June 2013 Bankrupt jailed for more than three years An Auckland bankrupt and disqualified company...
View ArticleTitan Petrochemicals Group Limited Impending Winding-up Hearing
Independent liquidators best placed to effect restructuring of manifestly insolvent Titan Petrochemicals HONG KONG, Aug. 17, 2012 /PRNewswire-Asia/ -- Saturn Petrochemical Holdings Limited ("SPHL"),...
View ArticleJoined-up thinking can solve crisis in Irish banks
KARL WHELAN OPINION�: Euro150bn debt-for-equity conversion could facilitate sale of banks and help the State avoid a much-mooted sovereign default THE KEY thing to understand about the current Irish...
View ArticleThe case for liquidation versus other options
UNA McCAFFREY IN COMPANY-SPEAK, liquidation is akin to running out of road in the middle of the desert ��� resources have been depleted, there is no longer any chance of survival and the coyotes are...
View Article19.02.2013 Circular to suppliers (BrisConnections Units Trusts)
(Source: BrisConnections Units Trusts) 19 February 2013 Circular to Suppliers Dear Sir/Madam BrisConnections Operations Pty Limited and related parties as listed in Schedule A (Receivers and Managers...
View ArticleASIC reports on supervision of registered liquidators (ASIC - Australian...
(Source: ASIC - Australian Securities and Investments Commission) 13-094MR ASIC reports on supervision of registered liquidators Wednesday 1 May 2013 ASIC today released its annual report for the 2012...
View ArticleCorporate insolvencies - September quarter 2012 (ASIC - Australian...
12-271MR Corporate insolvencies: September quarter 2012 Friday 9 November 2012 ASIC has today released its insolvency statistics for the first quarter of 2012-13. The data indicates an increase in...
View ArticleLiquidator assigned to brokers Bloxham
THE HIGH Court has confirmed the appointment of a liquidator to stockbrokers Bloxham. The firm's largest creditors include National Irish Bank, owed Euro8.5 million, and the Revenue Commissioners,...
View ArticleCRD IV/CRR – Frequently Asked Questions (European Commission)
(Source: European Commission) European Commission MEMO Brussels, 21 March 2013 CRD IV/CRR - Frequently Asked Questions 1. CONTEXT Why a revision of the Capital requirements directive is necessary? The...
View ArticleLiquidator appointed to Bloxham
The High Court has confirmed the appointment of a liquidator to stockbrokers Bloxham. The firm's largest creditors include National Irish Bank, owed Euro8.5 million, and the Revenue Commissioners,...
View ArticleCorporate watchdog sends DPP Anglo share support scheme file
SIMON CARSWELL, Finance Correspondent DIRECTOR OF Corporate Enforcement Paul Appleby has sent a second extensive investigation file on Anglo Irish Bank to the Director of Public Prosecutions in...
View ArticleOn account of failure to comply with a judgment of the Court, Spain is...
(Source: European Commission) Press and Information Court of Justice of the European Union PRESS RELEASE No 162/12 Luxembourg, 11 December 2012 Judgment in Case C‑610/10 Commission v Spain On account...
View ArticleBankruptcy 'Double Dip'
Distressed Debt Investing Bankruptcy 'Double Dip' Advanced Distressed Debt Lesson: Federal Judgment Rate (FJR) and Bankruptcy Third Point's 2011 Letter A Value Investor's Take on Shorting DDIC Update...
View ArticleFinding help for ailing companies
To convert the post-Jamaica Debt Exchange relatively low-cost stock of cash held by financial services institutions into liquidity, a range of approaches were used to encourage these institutions to...
View ArticleFormer Cardiff City chairman Peter Ridsdale banned as company director
• Insolvency Service gives Ridsdale seven-and-a-half year ban • Relates to payments during his chairmanship of Cardiff City The ex-Cardiff chairman Peter Ridsdale has been banned as a company director...
View ArticleBad Cop, Crazed Cop – The IMF And The ECB
Bill Black, Benzinga | May 31, 2011, 5:44 PM | 6 | A A A x Email Article From To Email Sent! You have successfully emailed the post. Bill Black...
View ArticleThe Ultimate Demise Of The Euro: When, Not If
The coordinated intervention of central banks calmed the European situation in the run up to the December 9 EU summit, but the fundamentals of the situation have not really changed. To get a handle on...
View ArticleDrumm on back foot as Anglo ratchets up pressure
Simon Carswell Finance Correspondent�123David Drumm arriving at federal court in BostonDrumm with Willie McAteer, Anglo's finance chief, for whom Drumm approved a non-recourse loan of Euro8 million in...
View ArticleInquiry into Anglo almost complete, says watchdog
SIMON CARSWELL, Finance Correspondent THE OFFICE of the Director of Corporate Enforcement's investigation into Anglo Irish Bank is "almost complete" and some important remaining matters will be...
View ArticleAddress by Minister Bruton at the second Stage Debate on the Companies Bill...
(Source: Department of the Taoiseach) Check against delivery 23rd April 2013 I move "that the Bill be now read a Second Time". A Cheann Comhairle, my speech is being circulated along with an...
View ArticleCypriot bailout terms welcome but further crises loom unless systemic action...
From an Irish perspective the most remarkable aspect of events in Cyprus is how they represent a complete reversal of Eu ropean policy from the approach adopted towards Ireland. In 2008 the Irish...
View ArticleOminous signs from debt canaries
Illustration: Simon Letch. When creditors are happy to accept an average of less than three cents in the dollar on debts owed, it is a portent of dark days. When half the statutory demands served on...
View ArticleAdvanced Distressed Debt: Collecting Default Interest From Solvent Debtors
Distressed Debt Investing Advanced Distressed Debt: Collecting Default Interest From Solvent Debtors Introducing our new Trade Claims Series: An Interview with Andrew Gottesman from SecondMarket...
View ArticleLack of liquidity puts construction groups at risk of rapid insolvency
The impact of the collective debt of R79 million owing to Sanyati was the “tipping point” that led to its collapse and eventual placement into liquidation. Malcolm Lobban, Sanyati’s former chief...
View ArticleASIC defends oversight record on liquidators
The corporate regulator launched eight formal investigations into liquidators last year after fielding 426 complaints of possible misconduct in managing insolvent companies. The Australian Securities...
View ArticleCorporate Enforcement office's Anglo investigation substantively complete
The Office of the Director of Corporate Enforcement says it has substantively completed its investigations into the former Anglo Irish Bank. The office's new director, Ian Drennan, said there...
View ArticleCorporate enforcement chief to send further Anglo files to DPP
SUZANNE LYNCH The Director of Corporate Enforcement, Paul Appleby, is to send further files on Anglo Irish Bank to the Director of Public Prosecutions within weeks. According to the agency's...
View ArticleWork related to Anglo inquiry likely to be ’significant and...
Work related to Anglo Irish Bank investigation is likely to be a “significant and continuing” feature of the work of the Director of Corporate Enforcement, the director said. Publishing his annual...
View ArticleSydney liquidator agrees to cancellation of registration (ASIC - Australian...
12-277MR Sydney liquidator agrees to cancellation of registration Wednesday 14 November 2012 ASIC has accepted an enforceable undertaking (EU) from Arthur John Forrest, a Sydney-based liquidator, who...
View ArticleWhat are your rights when employers don't pay up?
A persistent failure to pay employees could be a signal a company is struggling. Make sure you know where you stand A persistent failure to pay you would entitle you to resign and claim constructive...
View ArticleSydney liquidator’s registration cancelled (ASIC - Australian Securities and...
12-248MR Sydney liquidator's registration cancelled Tuesday 9 October 2012 ASIC has accepted an enforceable undertaking from Sydney liquidator, Mr Geoffrey Turner, which prevents him from practising...
View ArticleODCE says Anglo irish Bank probe 'substantively completed'
The Office of the Director of Corporate Enforcement has said it has substantively completed its investigations in the former Anglo Irish Bank. The office's new director Ian Drennan said 60 charges had...
View Article23 July 2013 - Strabane director disqualified (Northern Ireland Executive)
(Source: Northern Ireland Executive) A director of an agricultural storage company has been disqualified for nine years. ~ Tuesday, 23 July 2013 Gordon Forbes (49) of Melmount Road, Sion Mills,...
View ArticleSettlement Agreement between the Central Bank of Ireland and Quinn Insurance...
(Source: Central Bank of Ireland) 18 June 2013 The Central Bank of Ireland ("the Central Bank") has entered into a Settlement Agreement with effect from 18 February 2013 with Quinn Insurance Limited...
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