Page 37 - Practice Note News Today

the committee”) into Litigation funding and the regulation of the class action industry was released yesterday, making 31 recommendations to reform the class action system. The inquiry was referred in part due to concerns over the significant growth in shareholder class actions and “excessive profits” obtained by litigation funders. In making its recommendations, the committee noted that there was virtually unanimous agreement that the current regulatory arrangements are too ‘light tou...

To print this article, all you need is to be registered or login on Mondaq.com. On 24 September 2020 we published an article about the: "Extension of Insolvency Protections" and the impact the Commonwealth Governments "temporary insolvency and bankruptcy protections" extension to 31 December 2020 has on business and the corporate bodies in Australia. On 29 September 2020 the Australian Restructuring Insolvency & Turnaround Association issued a Practice Note about the imp...

KUALA LUMPUR (Dec 18): Perak Corp Bhds share price soared as high as 61 sen in morning trade today, up 17.5 sen or 40.23% from its last closing price of 43.5 sen, following its announcement of a debt restructuring plan. At 9.34am, the stock had pared some gains to settle at 53.5 sen, still up by 10 sen or 22.99%. This marked its highest since May 6, 2019, when the counter closed at 55 sen. Some 1.93 million shares changed hands, over 50 times its 200-day average trading volume of 35,943.5 shar...

KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Friday (Dec 18) include: Latitude Tree Holdings Bhd, Metronic Global Bhd, My EG Services Bhd, Dutch Lady Milk Industries Bhd, Affin Bank Bhd, Eco World Development Group Bhd, Eco World International Bhd, VS Industry Bhd, Scientex Bhd, LKL International Bhd and Perak Corp Bhd. Latitude Tree Holdings Bhd has proposed a one-for-one bonus issue of up to 97.16 million new shares plus an emp...

KUALA LUMPUR (Dec 17): Perak Corp Bhd has proposed a scheme of arrangement with its creditors that includes cash settlements worth over RM220 million, issuance of shares worth over RM30 million and a debt waiver amounting to RM544.55 million.  "The proposed scheme of arrangement is a comprehensive proposal aimed at resuscitating the financial viability of Perak Corp Group by restructuring the repayment of indebtedness due to the scheme creditors and the consequential interest servicing burden,...

is selling its landbanks near Ipoh, Perak to the Social Security Organisation (Socso), as the state controlled firm seeks to raise cash and revive its ailing fortune. The company has also proposed a "comprehensive" debt settlement scheme that includes a plan to ask creditors to forgive loans worth RM544mil. "Upon the completion of the proposed regularisation scheme, the Scheme Creditors will be able to recover partial of their debt as opposed to minimal or zero recovery," Perak Corp said in a ...

KUALA LUMPUR (Dec 16): Kumpulan Kenderaan Malaysia Bhd (KKM) has ceased to be a substantial shareholder of Konsortium Transnasional Bhd, after selling 20 million shares, which is equivalent to a 4.96% stake, in the bus operator. The shares were sold on Monday (Dec 14), according to Konsortium Transnasionals stock exchange filing. However, Konsortium Transnasional did not disclose the transaction price. The companys share price settled at 17 sen on Dec 14, which would value the lot it sold at an...

File and Pay File and Pay - Terms of Use These terms of use are for the File and Pay system. They help to ensure you understand how File and Pay can be used. You are being asked to agree to these terms and conditions, so please read them carefully and ensure you understand them. If you choose to accept them, these terms and conditions will form an agreement between you and the Ministry of Justice (the Ministry).  About File and Pay File and Pay will allow participants to ...

>> when did it hit you that the $118,000 equated to your christmas bonus? >> it didnt initially because that bonus had actually occurred a year earlier, in january of 96, but it was on every pay stub that i got. >> police asked the ramseys for handwriting samples. john gave them two note pads. >> these pads were pads that were kept by the telephone and each -- john and patsy had their own pads. >> detectives concluded the ransom note was written on pages torn out of patsys notepad. >> also exami...

>> whats that mean? we looked at psalm 118. was it a biblical reference? where did this number come from? >> when did it hit you that the $118,000 equated to your christmas bonus? >> it didnt initially because that bonus had actually occurred a year earlier, in january of 96, but it was on every pay stub that i got. >> police asked the ramseys for handwriting samples. john gave them two note pads. >> these pads were pads that were kept by the telephone and each -- john and patsy had their own pa...