Thursday, 3 September 2020, 12:55 pmPress Release: Chartered Accountants Australia and New Zealand Key points: Some businesses that would have closed their doors under normal circumstances are hanging on thanks to COVID measures. These businesses should get financial advice immediately or risk a bigger crash when the support measures end A new insolvency regulatory regime…
When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824. Still, the 36-year-old northern Virginia resident acknowledged he hadnt shopped there in months, preferring instead to go to Nordstrom and Zara, where he…
Photo courtesy of FSGBy The Maritime Executive 09-02-2020 04:29:23 Germanys smaller shipbuilder Flensburger Schiffbau-Gesellschaft (FSG), which in recent years has specialized in ro-ros and ferries, took a key step forward with its restructuring. The purchase agreement for the assets of the shipyard along with 350 of its employees was completed by investment companies belonging to…
Debt is a dirty word. Try and stay away from it as much as possible. Ever heard this before? Well, youre not alone. Yet contrary to common theory, debt isnt always a bad thing. In fact debt can indeed mean development. You’ve just got to change your mindset about why you use it, so the…
The latest headlines in your inbox twice a day Monday – Friday plus breaking news updates Tennis legend Boris Becker is facing a string of criminal charges over claims he failed to cooperate with his bankruptcy proceedings. The 52-year-old Grand Slam champion was declared bankrupt in June 2017, and last year faced claims that he…
Inside Asian Gaming CEO Andrew W Scott recently met with Suncity Group CEO and Director Alvin Chau at SKY 21, atop Macaus AIA building. One of Suncitys many non-gaming offerings, the well-known bar and restaurant was the perfect venue for an after work drink and an in-depth discussion about the state of Macaus VIP industry,…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday said that insolvency proceedings cannot be triggered on the basis of debt which has been converted into capital such as equity of a company. The appellate tribunal also said that any investment cannot be “financial debt” and the provisions of Section 7 of the Insolvency &…
DENVER, CO / ACCESSWIRE / September 2, 2020 / Samson Oil & Gas Limited(“Samson” or the “Company”) advises that the Company’s Board of Directors has approved the appointment of Adams Paul Nikitins and Samuel John Freeman of EY, Level 23 Exhibition Street, Melbourne VIC 3000 as joint and several administrators (the “Administrators”) of the Company.…
News Philly’s most successful dining mogul insists the brand is still strong. And I’m inclined to believe him. Get a compelling long read and must-have lifestyle tips in your inbox every Sunday morning great with coffee! Stephen Starr, who just declared bankruptcy on one of his restaurants, and daughter Sarah Starr, who works for his…
Inside Asian Gaming CEO Andrew W Scott recently met with Suncity Group CEO and Director Alvin Chau at SKY 21, atop Macaus AIA building. One of Suncitys many non-gaming offerings, the well-known bar and restaurant was the perfect venue for an after work drink and an in-depth discussion about the state of Macaus VIP industry,…