Transport Minister Fikile Mbalula. OJ Koloti/Gallo Images The RAF has reported significant progress in keeping its house in order. For the first time in decades, the entity claimed that it has reported a R3.2 billion surplus for the period ended on 31 March 2021. The company has also increased its investment income from R62 million…
A battle over who is responsible for cleaning up hundreds of oil and gas rigs in the Gulf of Mexico is quietly playing out in a bankruptcy court in southern Texas. The contestants in this game of fossil fuel infrastructure hot potato: Fieldwood Energy, an offshore drilling company attempting to offload more than $7 billion…
Law360, London (June 7, 2021, 3:16 PM BST) — Gefion Insurance A/S was declared bankrupt on Monday after the embattled Danish company failed to fend off a 30 million ($36.5 million) legal claim from a German car rental company. Gefion, which has been in administration for almost a year in a move to pay off…
Westpac has today outlined the support measures available to help consumer and business customers impacted by the latest lockdowns in Victoria. Customers in need of financial assistance can access our dedicated support team who will tailor assistance to suit the customers circumstances. This may include the following: Consumer Credit card repayment and interest rate reductions…
More than 31,500 people in Scotland sought support from StepChange Debt Charity during 2020. And more than 11,000 went through a full debt advice process last year as the pandemic impacted peoples finances, according to the charitys latest Scotland in the Red update. Average client rent arrears rose 43%, which StepChange said was one of…
The Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for the insolvent ferro alloy manufacturing company TopicsTata Steel|mining activity|Indo Borax Chemicals IANS | Mumbai Last Updated at June 7, 2021 12:21 IST In yet another acquisition for Tata Steel under the Insolvency and Bankruptcy Code,…
On 7 June 2021, the Maritime and Commercial High Court declared Gefion bankrupt.Policyholders must report their claims to the claims handlers mentioned in their policy. Further information can be found on the homepage of the bankruptcy estate, www.gefioninsurance.com. Furthermore the bankruptcy means that policyholders can cancel their policy, if they wish to do so. The…
The Uniting Church in Australia’s Tasmanian synod has urged the government to swiftly progress the passage of legislation to prevent interactive gambling providers from directly or indirectly accepting credit card payments. A Senate inquiry has been tasked to examine the bill and its due to provide its final report to Parliament on July 30. The…
A Sydney director whose companies owed creditors more than $3.1 million has been banned from managing companies for two years. ASIC has disqualified Grant Evan Donley of Sydney, NSW, from managing companies until 25 May 2023 for his role in the failure of Conceptual Interiors NSW Pty Ltd, Conceptual Interiors Group Pty Limited, and Conceptual…