Gambling addiction can have dire consequences for the life of the person that is addicted. In addition to affecting their own life, many gambling addicts ruin the life of their families and loved ones. This is because, in severe cases of gambling addiction, people may steal or get involved in other crimes. Given that addiction…
An elderly man in China reportedly kidnapped his granddaughter to extort his own daughter for money to pay off a gambling debt, only to be arrested and then blame his daughter for all of it, according to a report in the South China Morning Post. The media outlet’s report cited an account in the Shanghai…
Global law firm Clyde & Co has today announced the hire of Rob Lowe as a corporate partner in its global Corporate & Advisory practice based in London. The move continues a period of expansion for the practice on a global scale creating an international network of cross-border Corporate legal expertise. Rob has extensive experience…
The surge in corporate insolvencies, reaching their peak in over three years, can be attributed to the escalating occurrence of Creditors’ Voluntary Liquidations, which have also hit a three-year record. Corporate insolvencies increased by 37.7% in March 2023 to a total of 2,457 compared to February’s total of 1,784, and increased by 15.9% compared to…
Moves to crackdown on phoenixing, long a plague on the construction industry, have been branded a toothless tiger that dont go far enough. Under the practice, directors transfer the business of an existing company to a new company and leave debts in the old company. The directors then abandon or liquidate the first company to…
Subscribe Be the first with the news that moves the market Fintech IOUpays (IOU) parent company, IOUpay Limited, enters voluntary administration due to outstanding debts and suspected fraud The companys CFO is under investigation for allegedly misappropriating up to $7 million in company funds Non-bank lender, Finran, offered to bail out IOU, but later withdrew…