(Bloomberg) — Businesses and unions are pushing the worlds richest countries to do more to help poorer nations get through the coronavirus pandemic. In a letter to finance ministers from the Group of 20, the International Chamber of Commerce and the International Trade Union Confederation call for a suspension of debt payments to be extended…
The Supervisory Board of Casinos Austria has unanimously agreed to a difficult restructuring plan which it claims would be the largest reorganisation in the companys history. According to news in the Austrian media, it plans to make 500 workers redundant as it claims that this would save 1,200 jobs. Company pensions will be reduced and…
Cladding manufacturer Fairview Architectural has filed for voluntary administration, citing challenges posed by COVID-19 and $1.5 million spent so far defending a class action alleging [] Subscribe for instant access to all Lawyerly content. Already a subscriber? Lost your password? Want to test drive Lawyerly? Contact us to take a free trial. Read the full…
The International Chamber of Commerce (ICC), a global trade union and civil society groups urged the Group of 20 major economies to extend and expand a freeze in debt service payments to help not just the poorest, but also middle-income countries, weather the coronavirus pandemic and its economic fallout. The ICC, International Trade Union Confederation,…
Liquidators say it is not yet clear whether there will be a return to unsecured creditors following the collapse of construction-focusedinsurance group Qamvis. As insuranceNEWS.com.au has reported, Qamvis operated agency Qiducia Underwriting Australia and brokerage Qtrust Insurance & Advisory, both of which sourced capacity from Guild Insurance. On June 18 Melbourne-based Qamvis was placed into…