The recent Upper Tribunal (UT) decision in the case of The Commissioners For His Majestys Revenue And Customs v Hotel La Tour Ltd [2023] UKUT 00178 (TCC) upheld the First-tier Tribunal (FTT) decision in 2021. Both Tribunals decisions were in favour of the taxpayer on the core issue of whether the sale of shares by…
Monday, 7 August 2023, 6:01 pmPress Release: PwC New Zealand Stephen White and John Fisk of PwC New Zealand were appointed as voluntary administrators of Brothers Beer Holdings Limited, Brothers Beer Limited and Brothers Wholesale Limited (the Group) on 7 August 2023. The Group operates a craft brewery and wholesale business that primarily supplies domestic…
Aug 8, 2023 11.20am The Albanese government says it will continue to tolerate risk-taking by the federal governments independent northern investment fund after the collapse of a potash firm became the agencys first investment to formally collapse into insolvency. Kalium Lakes founding director Brent Smoothy asked market regulators to probe the Northern Australia Infrastructure Funds…
Supplied Brothers Beer portfolio included venues at Onehunga Mall, City Works Depot and Orakei Bay Village. Aucklands Brothers Beer has been placed into voluntary administration citing Covid-19 lockdowns as significantly impacting its financial position. PwC voluntary administrator Stephen White said the craft brewery and wholesale business that operated seven hospitality venues had grown quickly, expanding…
All 70 employees at a plumbing firm have lost their jobs on the spot due to the company going into liquidation after the director paid himself a handsome salary in the months leading up to the collapse. News.com.au can reveal that on March 27, C & S Plumbing Pty Ltd went bust and all its…
Company Substantially Strengthens Capital Structure, Poised to Seize Opportunities with Financial Flexibility New Directors Bring Experience and Expertise in Advertising, Finance, Digital, Media, and Technology Leading Cinema Advertising Platform Positioned for Growth and Success CENTENNIAL, Colo., August 07, 2023–(BUSINESS WIRE)–National CineMedia, LLC (NCM, NCM LLC or the Company), the largest cinema advertising platform in the…
U.S. President Joe Biden.Anna Moneymaker/Getty Images The Fifth Circuit blocked Biden’s new rules to ease the debt relief process for defrauded borrowers. A for-profit group sued the administration, arguing the rules would harm impacted schools. The changes to borrower defense are now blocked as the legal process plays out. President Joe Biden’s efforts to help…
By Lawrence Pacheco Colorado Attorney General Phil Weiser applauded todays announcement that the U.S. Department of Education will deliver $130 million in automatic loan forgiveness for 7,400 students who attended Colorado-based locations of CollegeAmerica between January 1, 2006, and July 1, 2020. The Department found that CollegeAmericas parent company, the Center for Excellence in Higher…
Global law firm Hogan Lovells has advised an ad hoc group of 2026 noteholders of Naftogaz, the largest state-owned national oil and gas company of Ukraine, on the amendment and extension of its US$500 million 7.625% 2026 Eurobonds. Naftogaz has been heavily impacted by the ongoing conflict in Ukraine resulting in the default of its…
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