ITS November 2009 Newsletter
General
ITS enters into agreement with Mexican counterparts
In October 2007, the Insolvency and Trustee Service (ITS) hosted a senior delegation from the Administration and Disposal of Property Service of Mexico (SAE).
The purpose of the delegation’s visit was to share insolvency knowledge and experience with a view to initiating and developing a positive and mutually beneficial working relationship. With input and guidance from the Ministry of Foreign Affairs and Trade (MFAT), ITS worked with SAE on developing a document to record the desire of ITS and SAE to work more closely.
The agreement document outlines how ITS and SAE expect to be able to work together on areas of mutual benefit and interest. The general terms of the agreement are as follows:
- Discuss and work on matters, projects and activities of mutual interest and benefit;
- Contribute to each other’s studies and research if appropriate; and
- Discuss any other matters that the participants mutually decide.
The agreement between ITS and SAE was signed on 14 October 2009 at the International Association of Insolvency Regulators conference in Johannesburg, South Africa. The agreement was signed on behalf of ITS by Acting Group Manager, Robyn Cox and on behalf of SAE by Rodrigo Garza.
National Enforcement Unit releases October figures for Insolvency Act offences
The National Enforcement Unit (NEU) received five new insolvency cases in October 2009.
There are 28 cases currently in court and 18 cases under investigation.
|
|
October |
YTD Total |
|
New cases |
5 |
63 |
|
Cases closed |
5 |
47 |
|
|
|
July 2009 - June 2010 |
|
Charges |
13 charges
3 defendants |
49 charges
16 defendants |
|
Convictions |
0 charges
0 defendants |
1 charge
1 defendant |
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