In problem gambling circles, its no surprise the state thats been in the legal business the longest is far behind modern regulation. (Getty Images) Ray, an admitted compulsive gambler, says he was about to lose his marriage when he informed his Wynn Las Vegas casino host last year that he was done after 20 years of…
Which passenger airlines have gone bankrupt this year so far? We look at what went wrong, the remaining fleet and years in operation. Aeromar ATR 42 Aeromar: ( Mexico, 1987-2023) When Aeromar declared bankruptcy they stated it had not been able to recover from financial difficulties stemming from the global downturn in travel caused by the…
Several men and women across Cornwall are currently banned from running a company. The list includes bosses from construction companies, food businesses, electrical contractors, carbon traders, cleaning companies. Most of them are banned from running a business or being a company director for between four and six years. The majority of those below were involved…
Editors Note: Sign up for CNNs Meanwhile in China newsletter, which explores what you need to know about the countrys rise and how it impacts the world. Hong Kong CNN Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the companys cloud division in a surprise move…
Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push out debt maturities and deliver a new cash injection. The company has secured backing from most of its key creditors to extend repayment deadlines on its letter of credit facility and term loans to 2027. …
The National Company Law Tribunal (NCLT), Kolkata comprising of Smt. Bidisha Banerjee (Judicial Member) and Shri Balraj Joshi (Technical Member) allowed an application filed in Mr. Sanjeev Jhunjhunwala vs. Mr. Bimal Kanti Choudhury against PM Cold Storage Private Limited (Respondent) for the payment of Corporate Insolvency Resolution Process (CIRP) costs and pass an Order appointing…
The National Company Law Tribunal (NCLT), Hyderabad Bench, comprising of Dr. Venkata Ramakrishna Badarinath Nandula (Judicial Member) and Shri Charan Singh (Technical Member), while adjudicating a petition filed in M/s Tata International Limited v M/s Trident Sugars Ltd., has rejected a petition under Section 9 of IBC since the creditor failed to serve the Demand…
Reuters. ATO has its eye on company directors Company directors beware … the Australian Tax Office (ATO) is coming for you. To recover debt, the ATO has turned its focus toward company directors using the ATO as a low-interest loan facility, with its sights set on billions of dollars accrued during the COVID pandemic. Deputy…
Arun Estates, one of the largest independent estate agents in South East England, is restructuring its East London and Essex brand Douglas Allen which is resulting is six offices shutting up shop. Explaining the change Aldo Sotgiu, Group Managing Director of Arun Estates, says that specifically for East London (main picture) they have decided to…
Company directors beware … the Australian Tax Office (ATO) is coming for you. To recover debt, the ATO has turned its focus toward company directors using the ATO as a low-interest loan facility, with its sights set on billions of dollars accrued during the COVID pandemic. Deputy commissioner of the Australian Taxation Office (ATO) for lodge and…