The Courier Mail 24 July 2016 A VIETNAMESE restaurant that attracted protests over its controversial name has closed and the company that owned it has gone into voluntary administration. In April, the owners of Fortitude Valley restaurant Uncle Ho, changed the name, which referred to communist North Vietnamese leader Ho Chi Minh, after a protest…
Prime Minister Najib Abdul Razak’s claim that 1MDB had contributed immensely to social welfare is a “farce” as it is funded by debt that is borne by taxpayers, Petaling Jaya Utara MP Tony Pua says. Najib yesterday praised 1MDB Foundation for donating RM10.4 million to sponsor 1,100 pilgrims to perform the Haj this year. In…
Customers are to be given more reminders over the end of promotional periods and more ability to choose payment dates, following a study of the market by the Financial Conduct Authority (FCA). The watchdog set out the measures in the hope consumers will get a better deal and pay less for debts. More rules are…
Lord Lucan was killed by his aristocrat friends and buried in Switzerland, it is claimed. The debt-ridden peer murdered his childrens nanny and attempted to kill his wife before being flown to a safe-haven by his gambling circle. The 7th Earl of Lucans associates, known as the Clermont Set, had sympathy with him due to…
Benelli were declared bankrupt despite the company’s insistence it isn’t Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to components manufacturer,…
Research Corridor has published a new research study titled Business Restructuring International Oil Market Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 2022. The Business Restructuring International Oil market report studies current as well as future aspects of the Business Restructuring International Oil Market based upon factors such as market dynamics, key ongoing trends and…
It is not just the Barnett government going broke in west. The hangover from the mining boom appears to be biting West Australians and local businesses, with the state recording the biggest increase in personal and business insolvencies across Australia for June. The end of the mining boom has meant doom for many West Australians. Photo: Simon…
News that Australias third-largest pizza chain Eagle Boys has been placed in administration suggests a bleak future may lie ahead for the company. Administrators have indicated they are in the process of identifying restructuring measures”. But research by ARITAs Mark Wellard (formerly from QUT) on the effectiveness of voluntary administration indicates that a sustainable rescue…