A restructuring initiative at the Institute of Directors, a key UK business lobby group, has led to the resignation of its chair as the group grapples with the costs of Covid-19. Charlotte Valeur, a former City banker and board diversity champion who currently chairs a LSE-listed Blackstone fund investing in CLOs, as well as the…
Crown Resorts did nothing to protect their China-based members of staff from being arrested, despite being notified of the high risk and the fear its employees were living in, an ongoing investigation by the Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) into the suitability of the ASX-listed company to hold a…
Employment experts say many different types of jobs are being lost forever during this pandemic as companies accelerate restructuring that was happening before the crisis began. Key points: A survey shows financial services, consulting and administrative staff are now most worried about losing their jobs Middle-level managers in particular appear to be facing redundancy Some…
When building a budget, we often plan in terms of monthly expenses, but it’s also important to think about the big picture and this is especially true if you’ve got debt and a poor credit score. When people are trying to figure out how to pay off their debt, they usually look at how much…
Facts Supreme Court decision Comment In its decision in Mineral Libin (HR-2020-257-A) the Supreme Court clarified the mandatory scope of the Insurance Contract Act and the application of the general Time Bar Act in direct actions against protection and indemnity (P&I) insurers under Norwegian law. Facts The dispute arose out of an incident that took…
Ocusfocus Susie Jones gives her personal account on the financial and emotional pressures of living with somebody with a gambling addiction, how lockdown has accentuated many of the behavioural triggers, and the steps people can put in place to combat the behaviour There is a familiar formula that most stories about gambling addiction follow when…
Eleanor Temple, chair of the insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on todays publication of the July corporate and personal insolvency statistics: The month-on-month rise in corporate insolvencies in July is largely down to an increase in administrations, Compulsory Liquidations, and Creditors Voluntary Liquidations…
Since the adoption of The Gambling Act 2005, there havent been any significant changes in the UK legislation regarding gambling. Yet, beginning in 2019, a tangible move towards over-regulating the market began with the introduction of fixed-odds betting terminal (FOBT) limits. During the last two decades, the market was flooded with online gambling operators. The…
Written by Sunny Verma , Sandeep Singh | New Delhi | Updated: August 18, 2020 11:18:17 am Banks may put in place board-approved policies to deal with stressed loans to individuals. (File) As the regulator and the banks now await for the KV Kamath-led panel to come out with the modalities of restructuring of loans…
Outstanding Australian student debts could fall on their own this year, if the economy continues to decline. The nations HECS-HELP debt is fixed to the growth in the consumer price index (CPI), which fell by its largest margin in more than 70 years in June. If the next three quarters dont erase the fall, outstanding…