And there is no point looking to Foxtels other shareholder, Telstra, which contributed nothing to help Foxtel with its April repayment. Thus the race is on to refinance nine separate debt facilities that become payable between now and 2022. And new debt facilities wont come cheap for Foxtel, which is currently paying between 3.55 per…
Volkswagen workers backed a restructuring of the worlds largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony. Diess needs the support of Volkswagens powerful unions as he attempts to slim down and simplify the German…
Coventry-based Link Mailing has been placed in voluntary liquidation following a meeting with company members and appointed liquidators. Link Mailing is to be voluntarily wound up. PrintWeek reported on 1 May that insolvency practitioners Eric Walls and Wayne Harrison of KSA Groups Gateshead office had been nominated, being officially appointed as joint liquidators of Link…
Based on the Stumptowngraphic novel series, Stumptownfollows Dex Parios (Cobie Smulders)a strong, assertive and sharp-witted army veteran with a complicated love life, gambling debt and a brother to take care of in Portland, Oregon. Her military intelligence skills make her a great PI, but her unapologetic style puts her in the firing line of hardcore…
The degree to which people are struggling to get by including having no savings to deal with an unforeseen bill should be seen as a crisis. Some estimates suggest that the number of people with even 100 in savings has fallen in recent years while others say one in five people have no savings at…
MIFAs insolvency administrator Lucas Flther of Flther & Wissing welcomes the judgment of the court of appeal in Naumberg. The courts decision is an important victory for the numerous creditors of MIFA AG. The court has followed our plea that the property belongs to the assets of the MIFA. Now we have to wait and…
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Investors are always looking for growth in small-cap stocks like Orbital Corporation Limited (ASX:OEC), with a market cap of AU$29m. However, an important fact which most ignore is: how financially healthy is…
The number of bankruptcies in Australia has fallen to a 24-year low, according to the Australian Financial Security Authority. The Australian Financial Security Authority (AFSA) has reported that bankruptcies have dropped 9.2 per cent year-on-year to 3,765 in the March 2019 quarter, compared to 4,148 in the same quarter in 2018. The March quarter figure…
On 13 May 2019, the Sixth Appellate Administrative Court rejected the appeal of the National Bank of Ukraine against the ruling of the Kyiv District Administrative Court dated March 2, 2018, that had satisfied the lawsuit filed by the Cyprus-based companyTriantalInvestments Ltd PrivatBanksformer shareholder. “The NBU does not agree with the courts ruling and intends…
NEW DELHI: Who will benefit from the proposed scheme? The individual insolvency regime proposed by the corporate affairs ministry and the Insolvency and Bankruptcy Board of India (IBBI), which oversees the operation of the bankruptcy code, seeks to offer a quick resolution for those micro, small and medium enterprises, mostly incorporated as partnerships or proprietorships,…