Renowned Chinese table tennis player and Olympic gold medalist Zhang Jike is in hot water after being accused of accumulating a significant gambling debt and resorting to using private photos of his celebrity ex-girlfriend Jing Tian as leverage to repay it. An online post revealed that Zhang had sent the photos and video clips to…
POP Canberra will remain open for the time being and continue to trade. Photo: POP Canberra, Facebook. One of Canberras most colourful start-up stores has entered voluntary administration. POP Canberra, located at 27 Lonsdale Street in Braddon, only opened during the COVID lockdown in 2020; however, it has strong ties to the city as a…
Debt-laden Future Retail has received approval from the bankruptcy court to extend the date to complete its resolution process by another 90 days to July 15. The current deadline is April 16. The Mumbai bench of the National Company Law Tribunal (NCLT), which heard the petition filed by Futture Retails resolution professional on Thursday, granted…
Companies Gazprom Austria GmbH Follow Uniper SE Follow Gazprom PAO Follow VIENNA, April 14 (Reuters) – Russian gas group Gazprom’s (GAZP.MM) Austrian business has filed for insolvency and hopes to restructure, a lawyer for the company said on Friday, blaming a halt to Russian gas deliveries that he said resulted from a dispute with Germany’s…
High Court’s Landmark Decisions Clarify the Position for Creditors and Liquidators in Insolvency Proceedings The High Court has had a busy start to the year, handing down two landmark decisions that have significant implications for insolvency practitioners. These decisions clarify the operation of important aspects of Australias insolvency regime and put to rest two questions…
Navigating cross-border bankruptcy: Gilbert + Tobin has assisted in the recognition of foreign bankruptcy proceedings in Australia, acting for the trustees in bankruptcy in a successful application to recognise Singaporean bankruptcy proceedings. Background In the recent decision of Duncan (Trustee) v Shrestha, in the matter of Shrestha [2022] FCA 1601, Gilbert + Tobin acted for…
After more than two years after its cease of operations, the Mexican airline Interjet was declared officially bankrupt on Monday, putting an official end to its history. The judge ordered Interjets assets to be sold to pay the companys debts to its former employees. Interjet is officially over No one was expecting Interjet to rise…
PETALING JAYA, April 12 Tan Sri Lee Kim Yew, founder and adviser of Country Heights Holdings Berhad (CHHB) has been allegedly declared bankrupt by the High Court. Free Malaysia Today said checks on the e-Insolvency website found that Lee was allegedly declared bankrupt by the Shah Alam High Court on January 26 this year. On…