How are a director’s outstanding employee entitlements dealt with in a Liquidation?
An Insolvency Practitioner’s response to this question is guided by the definition of “Excluded Employee” within Section 556 of the Corporations Act 2001.Australian Insolvency - November 2020
The tables in the following link summarise data essentials captured from Rodgers Reidy's daily Risk Watch publication, which provides a synopsis of the insolvency market for November 2020Could the government pivot to a regional-focused SME lending programme post-CBILS?
After Prime Minister Boris Johnson reluctantly announced a second national lockdown in England on Halloween to suppress the second wave surge in coronavirus cases, Chancellor Rishi Sunak responded by extending the government’s flagship loan schemes. It was perhaps inevitable, but the current extension may be the last.Webinar Recap 18 November 2020: Australia vs USA Clash of the Debtor in Possession
Rodgers Reidy hosted an insightful webinar on 18 November 2020, featuring Wayne Weitz from B. Riley Financial (USA) and Andrew Barnden from Rodgers Reidy (Aus), with others as they explored the new Debtor in Possession rules that will be used in Australia.Pandemic to accelerate SME’s embrace of alternative lenders
The maturity of the UK’s private debt market over the last decade represents a significant silver lining for growth-focused SMEs navigating the intensifying second wave of the pandemic. Back in 2008, UK high street banks controlled over 90% of the SME market for refinancing and new lending, but they were also at the epicentre of the crisis, which limited liquidity.BTG Global Advisory Announces Further Expansion
BTG GA’s Reach Extends to Mexico and RussiaPLUTA expert Ivo-Meinert Willrodt appointed provisional administrator for Bäumler Fashion
Bäumler Fashion GmbH has filed for insolvency proceedings to be opened for its assets. On 8 October 2020, the Local Court of Ingolstadt ordered provisional insolvency proceedings and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator. The fashion house based in Ingolstadt has had to file for insolvency due to liquidity problems as it has recently seen significant declines in sales due to the COVID-19 pandemic.Professional Practice – When it pays to be the worst performing partner
Most businesses are valued on an earnings basis, and as you might expect, in general the more a business earns the more a business is worth. In simple terms if a business is worth more on an earnings basis than a net assets basis then the difference between the value of the business and the value of the net assets is known as the goodwill.Banks’ near-term compromised bandwidth may prompt SMEs to embrace alternative lenders
Britain’s recent descent into a coronavirus ‘second wave’ with the UK government succumbing to scientific and political pressure to enforce another national lockdown in England, will blunt the momentum of any short-term economic recovery. Early predictions of the cost in lost GDP in the fourth quarter is forecast to be shallower than the 25% plunge in the second quarter.Restructuring expert Michael Pluta achieves 84% recovery rate for creditors of Richard Frank GmbH
Good news for creditors of the insolvent Richard Frank GmbH: restructuring expert Mr Michael Pluta from PLUTA Rechtsanwalts GmbH can distribute almost a million euros among them. The recovery rate will be 84%, an above-average amount.PLUTA supports SENNING’s successful debtor-in-possession proceedings
An investor was found for long-standing company Christian Senning Verpackungsmaschinen GmbH & Co. KG from Bremen: it has been part of the Optima Group based in Schwäbisch Hall since October 2020. This acquisition allows Optima to expand its product range. Dr Christian Kaufmann and his team from PLUTA Rechtsanwalts GmbH advised management at Senning during the debtor-in-possession proceedings.Busting the misconception that bankruptcy means no more income
There are common misconceptions as to how much you can earn during the period of your bankruptcy and restrictions associated with being bankrupt. This article will provide information to determine wheB. Riley Advisory Services Opens Office in Mexico
B. Riley Advisory Services, a specialty financial advisory services firm and subsidiary of B. Riley Financial, Inc, today announced the opening of an office in Mexico. B. Riley Advisory Services de MeWinter is coming: making plans in unpredictable times
Many corporates of all sizes feel exasperated, but not surprised, by the enduring disruption to business activity caused by the pandemic. The intensified second wave has perhaps inevitably led to a second national lockdown in England for the coming month and possibly longer.Tale of two needles: Trump and Biden locked in tight White House race
Donald Trump and Joe Biden are locked in a tight race for the White House with early indicators that Trump has once again defied pollsters in his US presidential re-election bid, which this morning remains too close to call.Find the right professional using the below dropdowns. Our reach covers the globe with a network of over 300 offices.
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