Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure. Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value. It called for the…
Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure. Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value. It called for the…
THE former managing director of the collapsed Rare Coin Company will spend at least the next two years behind bars after being sentenced to stealing more than $1.8 million from investors over two years. Robert Colin Jackman, 63, was jailed for four years and two months in the District Court in Albany yesterday after pleading…
A High Court ruling is good news for about 400 debtors who are seeking court reviews of creditors rejections of their proposed personal insolvency arrangements. Ms Justice Marie Baker on Monday rejected arguments by banks and other creditors that such reviews are exclusively a matter for a debtors personal insolvency practitioner (PIP) and she ruled…
The former managing director of the collapsed Rare Coin Company will spend at least the next two years behind bars after being sentenced to stealing more than $1.8 million from investors over two years. Robert Colin Jackman, 63, was jailed for four years and two months in the District Court in Albany yesterday after pleading…
The Insolvency and Bankruptcy Code, 2016 has been hailed as bringing a new dimension to business funding in India. While it is expected to change funding patterns dramatically, short-term pain can be quite deep. The resolution process under the Code entails a comprehensive restructuring process for the corporate debtor (i.e. company) such as changes of…
RJ Frometa 2 hours ago Entertainment 3 Views Taking loans for paying existing loans is not an alien concept for most people today. Debt can be an overbearing presence that takes away all your financial and personal security. To avoid being confronted…
Controversially forgetful businessman Bill Lewski has paid nothing to walk away from $190 million in civil claims brought against him, his fellow directors and advisers to retirement village outfit Prime Trust. Fairfax Media can reveal the completion of one of Australia’s most torrid and long-running insolvency legal actions that involved high profile Prime directors Michael…
By Ann O’Loughlin A High Court ruling means good news for about 400 debtors anxious to pursue court reviews of creditors rejections of their proposed personal insolvency arrangements. Ms Justice Marie Baker today rejected arguments by banks and other creditors that such reviews are exclusively a matter for a debtor’s personal insolvency practitioner (PIP) and…
While the Joint Plan of Liquidation remains subject to further revision by the Plan Proponents, the Bankruptcy Court has scheduled a hearing on February 12, 2018 to consider the confirmation of the Joint Plan of Liquidation. The Debtors can provide no assurance that the Bankruptcy Court will confirm the Joint Plan of Liquidation at such…