The prominent New South Wales criminal lawyer Charles Waterstreet has declared bankruptcy and faces losing his licence to practise. He lodged the documents with the Australian Financial Security Authority on 13 March and is listed as an undischarged bankrupt, Fairfax Media reports. Waterstreet had 28 days to explain to the NSW Bar Association why he…
The 99-year-old co-founder of vacuum cleaner business Godfreys Group has launched a bid to buy back the struggling business and take it private. John Johnston who founded Godfreys in the 1930s with Godfrey Cohen has launched a 32¢-a-share bid through family business Arcade Finance to take the group off the ASX and set about rebuilding…
Former refugee Dai Le recounts a Vietnamese saying that was drilled into her as a child: If you hang around ink you become black, if you hang around light you become bright. She first heard the proverb – about the importance of surrounding yourself with good influences – while growing up in a refugee camp…
The chairman of the Australian owners of Homebase is flying to the UK for a whistlestop tour of its stores this week as the future of the struggling DIY chain hangs in the balance. The Wesfarmers chairman, Michael Chaney, is being accompanied on store visits by Archie Norman, the retail turnaround expert who chairs Marks…
Binani Cements lenders have asked for necessary permissions to be obtained before they proceed with the settlement. Photo: Mint New Delhi: Binani Cement Ltd moved the Supreme Court on Monday seeking permission for an out-of-court settlement and end insolvency proceedings against it. The companys lenders have asked for necessary permissions to be obtained before they…
Indias central bank raised limits for overseas bond investors that could lure $16 billion of new funds, the third policy move in two weeks to spur demand in the nations debt markets. Foreign investors will be allowed to increase holdings by 1.04 trillion rupees ($16 billion) for the fiscal year to March 2019, the Reserve…
Industrialists, Lawyers and Chartered Accountants who gathered for a book launch by Sridhanya Foundation called the National Company Law Tribunal (NCLT) a powerful tool. The Centre has constituted NCLT under Section 408 of the Companies Act, 2013 (18 of 2013) from June 2016. The NCLT is a powerful tribunal, Justice N. Kirubakaran, judge, Madras High…
Gas company Linc Energy has been found guilty of causing serious environmental harm at its underground coal gasification (UCG) plant on Queensland’s western Darling Downs. Linc Energy was charged with five counts of wilfully and unlawfully causing environmental harm between 2007 and 2013 at Chinchilla. The corporation pleaded not guilty to the offences at…
Former BHS owner Dominic Chappell bought BHS from Sir Philip Green for £1 in 2015 (Gareth Fuller/PA) Ex BHS owner Dominic Chappell plans to sue Philip Green and fight boardroom ban Independent.ie Former BHS owner Dominic Chappell plans to sue Sir Philip Green and contest a proposed boardroom ban in a bid to repair his…
RIVERSIDE MEATS has gone into voluntary liquidation and has insufficient money to pay the $622,526.46 bill owed to employees. But that figure is only a portion of almost $8 million owed to its creditors in total. In a letter to staff on Friday, liquidator Keith Sutherland said there was not enough money to pay employee…