At one end of the spectrum, directors are often seen as being too quick to appoint an administrator or liquidator to protect themselves from personal liability, in circumstances where a restructure or turnaround strategy could result in the company returning to profit within a reasonably short period. This has the potential consequence of destroying value in what could otherwise be a successful venture. … [Read more...] about Safe Harbour’ For Insolvent Trading: Australian Reforms Encourage Business Activity
It must be clarified that “blindfold” personifies impartiality and objectivity and it signifies that justice should be meted out without fear or favour, regardless of money, wealth, fame, power or identity… Courts are not influenced by the background, connections, status, power or authority of a claimant or a defendant. In exercise of the powers of reason and logic and while measuring the relative strength of the pleas taken by both sides, courts are constantly engaged with the effort of sifting the truth and cutting fact from fiction for arriving at a fair, just and equitous decision, unsullied by discrimination, partisanship and prejudice. When wielding the sword of justice, in deserving cases, courts are known to act with due compassion and compunction for the disadvantaged, underprivileged, deprived and the destitute,” Justice Kohli further explained. … [Read more...] about Devious Attempts At Vexatious Litigation Needs To Be Curbed: Delhi HC [Read Judgment]
Outside resources and responders: Firms must learn how and when to refer a case of suspected elder financial abuse, undue influence or diminished mental capacity, as well as who to make their concerns known to. Without a centralized reporting centre in Canada, the local responders will differ from province to province, Watts and Passmore note. “We call on securities regulators and the investment industry to really engage on these issues,” Passmore says. … [Read more...] about Elder financial abuse a pressing issue
We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368 . You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours. … [Read more...] about Does Roman Abramovich have Israeli citizenship, what’s his net worth and when did he divorce Dasha Zhukova?
In November 2013, Egli's Swisspartners Group provided records on 109 clients to the U.S. Department of Justice, court documents show, helping his company secure a relatively mild $4.4 million settlement deal with American prosecutors aggressively pursuing tax cheats with wealth stashed abroad. [https://reut.rs/2NzxLWs] … [Read more...] about Asset manager who helped U.S. find tax cheats beats Swiss spy charges