Even Bruce Gordon’s barrister didn’t seem convinced by his own argument. Andrew Bell, the new go-to advocate for media moguls, wanted NSW Supreme Court judge Ashley Black to put Lachlan Murdoch and Gordon’s takeover bid to Network Ten’s creditors, especially its 750 employees, who could be decisive. But only if administrator Mark Korda and CBS…
Beleaguered German airline Air Berlin has had to cancel flights en masse after it was swamped by pilots ringing in sick. On Tuesday, about 200 of the 1500 pilots due to fly that day called in sick, the airline said. Today is a day that the existence of Air Berlin is threatened, wrote Air Berlin…
A 6-year-old in Idaho has been supplying her community with fresh lemonade while helping schools erase their lunch debt. Amiah Van Hill offers free lemonade to people in Hayden, Idaho, and educates them about the many kids who cant afford lunch and ra… Read the full article at: http://www.huffingtonpost.com/entry/6-year-old-starts-lemonade-stand-to-erase-school-districts-lunch-debt_us_59b8096ee4b027c149e2db38
SAVED: Former Arrium Administrator Mark Mentha had to battle against the odds to rescue Arrium from its debt. With the sale of Liberty OneSteel, formerly Arrium, now complete, former Administrator Mark Mentha looks back on the long journey to this point. Introduction Arriums Whyalla operation had been under significant pressure for a sustained period before…
Defence barrister Phillip Boulten, SC, held up his hand and clicked his fingers. “Everything happened just like that. It was very quick, it was a charged atmosphere.” Qian Liu, who has pleaded not guilty to murdering her husband, outside the Supreme Court in Sydney on Wednesday. Photo: AAP Mr Boulten was describing the moment Qian Liu…
The NCLT bench heard the arguments raised by both the parties and reserved the order. The Chennai bench of National Company Law Tribunal (NCLT) on Tuesday reserved order on the insolvency case filed against the now-defunct homestay start-up Stayzilla by city-based Jigsaw Solutions. The NCLT bench heard the arguments raised by both the parties and…
September 12, 2017 18:44 ET | Source: Seadrill Partners LLC London, United Kingdom, September 12, 2017 – Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces today that the Company’s largest shareholder, Seadrill Limited (“Seadrill”), has entered into a restructuring agreement with secured lenders, bo… Read the full article at: https://globenewswire.com/news-release/2017/09/12/1118428/0/en/SDLP-Seadrill-Limited-Restructuring-Update.html
Members of boards of directors will now have to have unique director identification numbers as a way of combating phoenix companies where businesses are sent broke but their assets rise again in another company. The federal government says illegal phoenixing costs the economy up to $3.2 billion a year. Among the latest measures are making…
Written by Sunny Verma | New Delhi | Published:September 13, 2017 3:13 am The law requires majority of directors of a company to initiate the process of voluntary liquidation. Apart from permitting initiation of insolvency resolution process for highly indebted companies that are unable to pay back their debts, the Insolvency and Bankruptcy Code, 2016…
The recent SC order against Jaypee Infratech raises serious concerns regarding the Code’s adequacy in dealing with defaulting realtors Photo: Reuters … Read the full article at: http://www.business-standard.com/article/economy-policy/insolvency-code-home-buyers-plight-and-how-realty-firms-should-be-treated-117091200223_1.html