Results for "liquidation"
21 results.
Business
Liquidated Fund Management firms: Registrar General’s Department settles 85% of ¢1.2bn bailout cash
The Registrar General said the petition was to wind up 53 fund management companies
DL News
Business
ORC deploying practitioners to help insolvent companies-Registrar
Acting Registrar Maame Samma Peprah announced during a visit to the Ashanti Regional Minister that the ORC is actively deploying registered insolvency practitioners to help companies facing insolvency avoid immediate liquidation.
DL News
Business
Revenue from marriage registrations: Fidelity Bank transferred GH¢509,440.00 out of GH¢595,550.00
Article 187 of the Constitution of Ghana mandates the Auditor-General or any person authorized or appointed for the purpose by the Auditor-General to audit all public accounts of Ghana and of all public offices.
DL News
Courts
The Receiver of Unibank cannot issue a writ against Duffuor, 9 others - Court
The motion sought to dismiss the said suit on the grounds of Nii Amanor Dodoo’s lack of capacity to institute the same.
DL News
Business
Renew licenses by November 28 to avoid revocation-ORC to Insolvency Practitioners
The warning, grounded in Sections 153(3)(a) and 161(1) of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015), forms part of a wider effort to tighten regulatory oversight
DL News
Business
GARIA launches 2nd Corporate Insolvency Journal
This detailed publication explores pivotal issues within Ghana’s insolvency sector, offering crucial insights to practitioners and stakeholders.
DL News
Europe
Signa Creditors Back Restructuring Plans Dangling 30% Payout
Lenders, which include banks, insurers and sovereign wealth funds, backed the proposals for Signa Prime Selection, the flagship luxury unit, and its smaller sister Signa Development Selection at meetings in Vienna on Monday.
Bloomberg Business
Business
Insolvency practitioners should be made to assist ailing State-Owned Enterprises – Attorney General
“I will recommend to the government that IPs should be invited by ailing state-owned enterprises to help turn them around.
DL News
General
Corporate Insolvency and Restructuring Acts (CIRA) will turn fortunes of Ghanaian Businesses-Registrar General
The Registrar-General’s Department is mandated per CIRA, to establish Insolvency Services Division.
DL News
Business
New CIRA Act to to revive struggling businesses-Acting Registrar of Companies
The new law, introduced by the Office of the Registrar of Companies (ORC), seeks to foster a more transparent, responsible, and fair business environment, while curbing systemic inefficiencies that have long plagued corporate insolvency man...
DL News
General
Full Text: Report on key legal matters by AG at Government’s Accountability Series
Dr. Ayine tackled some of the nation’s most closely watched legal developments including the controversial discontinuation of the criminal case against former Finance Minister Dr. Kwabena Duffuor, new revelations in the National Service Sch...
DL News
General
CASE STUDY: INSOLVENCY AND CORPORATE RESTRUCTURING OF THE BANKS IN GHANA
Between the years 2017 and 2019, Ghana’s banking sector underwent an unprecedented period of reform which was prompted by widespread regulatory breaches, poor governance, undercapitalization, and unsustainable lending practices.
Ama Anima Konadu
Business
Financial Sector clean-up: Persons implicated unfit to hold key positions-BoG
A statement signed by the Bank’s Secretary, Sandra Thompson noted also that this directive is to ensure ‘the continuous fitness and propriety of significant shareholders and persons, serving as directors and key management personnel,” of th...
DL News
General
GARIA Supports Chief Justice Torkonoo's LEADing Justice Initiative
The GARIA delegation joined the launch event to herald a new era of transparency, timely resolution, efficiency, and due process in Ghana’s justice system.
GARIA
Europe
KPMG fined record £21m for failings in audit of collapsed British multinational company
Carillion’s implosion in 2018 was one of the most high-profile failures in British corporate history, costing 3,000 jobs and plunging 450 public sector projects, including hospitals, schools and prisons, into chaos.
The Guardian
General
Establishment of CIRA implies need for a new set of professionals – Prof. Justice Date-Bah
"Administrators and restructuring officers are going to take charge of running distressed companies on a temporal basis. Not all lawyers, accountants, or bankers can run a business,”
DL News