$56mn in crypto was removed from the exchange before it stopped processing transactions and responding to user queries.
February 28, 2024Singapore’s bourse seeks to support the country’s efforts to be a restructuring hub amid rising insolvencies and global corporate defaults.
February 23, 2024The law has lapsed and been re-enacted several times, but is recognised as a useful system to help companies return to normal operations.
December 12, 2023The announcement came just days after Zhongzhi, one of the largest conglomerates in China's shadow finance sector, said it was insolvent.
November 28, 2023The Commencement Notice seeks to appoint 29 December 2023 as the commencement date for amendments to the Bankruptcy and Companies Legislation.
October 21, 2023Korea Deposit Insurance Corp is seeking to establish a monitoring system for deposits at local savings banks to ensure financial stability.
August 11, 2023The consultation seeks feedback on a number of issues, including whether the wholesale client thresholds should be increased.
August 7, 2023ASIC alleges that Paul Ryan breached his director obligations by not considering the interests of Dixon Advisory’s creditors when the firm was approaching insolvency.
August 5, 2023MAS says the move is aimed at preventing the loss of customers' assets and to facilitate a recovery in the event of a DPT provider's insolvency.
July 4, 2023MAS says the proposed increase in deposit insurance coverage will allow the proportion of insured depositors to keep up with deposit growth.
June 28, 2023