Arrium courtroom saga awaits judge’s ruling – The Australian Financial Review

The second lender claim from Westpac, Chinas Bank of Communications and Spains Banco Bilbao Vizcaya Argentaria alleges both insolvent trading and material adverse effect (MAE) against remaining Arrium treasury employees Ms Sparkes and Mr Bakewell. Marcus Pesman, SC, who represented the Arrium directors in the liquidator action as well as Mr Bakewell across all three…

Pessimism reigns in UK businesses as a quarter expect job cuts – Yahoo News Australia

Around half of the businesses surveyed said they had struggled to service debt payments within the past year. Photo: Dan Kitwood/Getty Images A quarter of UK workplaces expect to reduce headcount next year and a third said they already have, according to study by consultancy firm PriceWaterhouse Coopers. The forecasts come despite two-thirds saying in…