WASHINGTON Canadian remote sensing company UrtheCast says it has sufficient resources to cover the $20 million purchase of analytics firm Geosys from U.S. dairy giant Land OLakes. Urthecast, which is in the midst of a restructuring in pursuit of becoming profitable, lost $10 million for the three months ending June 30. Geosys, a Minneapolis-based geoanalytics…
This is a poignant question in the light of the wave of recent administrations and liquidations on the High Street. The general position is that a holding company is only liable to pay any amount not paid up on its shares in the subsidiary company. However, there are some situations where a holding company or…
A line of credit is easy to understand and a relatively good way to borrow money. Generally with lines of credit, there are no fixed terms or set payments, so you can keep a balance on your line of credit indefinitely, explains Doug Hoyes, licensed insolvency trustee for debt relief experts Hoyes, Michalos & Associates.…
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Lucian once told me that in the 1960s, a decade when his work was out of fashion and hard to sell, gambling helped him, Freud biographer Martin Gayford wrote in an article for The Spectator in 2013. Did he mean it helped him to make money? No, he answered, it helped him not to care…
Steinhoff International [JSE:SNH] moved to appoint insolvency expert Paul Copley to its supervisory board as the troubled global retailer seeks to strengthen management and add expertise following an accounting scandal. A former partner at PwC, Copley worked as an administrator of Lehman Brothers, one of the highest-profile corporate collapses of the financial crisis of 2008.…
The Supreme Court ruled that creditors can proceed against personal guarantors of a corporate debtor even while insolvency proceedings are on. The top court said the moratorium envisaged under Section 14 of the Insolvency and Bankruptcy Code will not apply to the personal guarantors. The provision places a moratorium on any suits or proceedings against…
Katie Price insists her house ‘smells INCREDIBLE’ after she’s accused of ‘failing to pick up dog excrement’ at her £2 million mansion By Olivia Wheeler For Mailonline Published: 18:13 AEST, 16 August 2018 | Updated: 18:23 AEST, 16 August 2018 e-mail View comments Katie Price has revealed that her £2 million mansion ‘smells incredible’ after…
Get the latest viral stories daily! Like us: Landing a job isnt the only challenge for many Malaysian youths, as a recent report showed that we also have trouble keeping with our finances. Oh dear! According to The Star, about 64,632 Malaysian youths between the age of 18 and 44 years old were reportedly declared…
The leader of Tonga has called on Pacific Island leaders to band together and press China to write off their debts, saying his small nation is suffering “serious” debt distress. Key points: Tonga’s Prime Minister wants to use the Pacific Islands Forum to tackle the Chinese debt issue Akalisi Pohiva says the region should…