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John Kirk-Anderson/Stuff Dunedin was the home of Otago Fund Managers, which was removed as manager of three investment schemes in November. James Greig, FMA Director of Supervision, said Fund Managers Otago was no longer capable of being a fund manager. “Cancelling a licence is one of the strongest regulatory actions we can take, and it’s not a decision we take lightly,” he said. “It effectively stops a business from operating in the retail investment sector.” The FMA found Fund Managers Otago had repeated breached its licence obligations. These included incorrectly calculating ...

/PRNewswire/ -- Teneo, the global CEO advisory firm, today announced the latest phase of its ongoing expansion by launching a global Restructuring business...

In these troubled times, a consensus-based approach can be effective in saving viable MSMEs in a time-bound manner

Regulation of insolvent firms' shares still remains a dilemma ​ By IANS | ​ 4 Views   Sensex, Nifty hit new highs, oil & gas stocks rise (Credit: bsebti.com). Image Source: IANS News New Delhi, April 17 : As India's Insolvency and Bankruptcy Code (IBC) evolves at a fast pace, a hard nut to crack for the market regulator has come up with regulations in terms of trading in the shares of companies going through resolution under IBC. Several concerns have been raised in terms of trading in the stocks of insolvent companies as many of them gained substantially amid the bull run in the past ...

Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Shortly after taking office, President Biden signed an executive order directing the U.S. Department of the Interior to pause issuing new leases for oil and gas development on federal lands and offshore waters. According to a written statement from the Interior Department, the “targete...