MGM Resorts has refuted a report that Bruno Mars caught a grenade in the shape of a US$50 million (RM236 million) gambling debt with them. According to earlier reports, Mars, who was set to enter his ninth year performing at a residency in Las Vegas, was in the midst of paying off a gambling debt…
Introduction In the matter of Benjamin Hornigold Ltd v John Bridgeman Limited [2023] FCA 1195, the Federal Court of Australia considered section 453S of the Corporations Act 2001 (Cth) (Act) and the circumstances as to when leave should be granted for proceedings to be commenced against a company undergoing a restructure pursuant to the small business restructuring (SBR) regime.…
The White House Today, my Administration is cancelling student loans for an additional 78,000 public service workers – teachers, nurses, firefighters, and more – through Public Service Loan Forgiveness. These public service workers have dedicated their careers to serving their communities, but because of past administrative failures, never got the relief they were entitled to…
March 25, 2024 5.00am March 25, 2024 5.00am Normal text sizeLarger text sizeVery large text size When I enrolled in an arts degree many years ago, the last thing on my mind was how much the degree would cost me. Thats because I got a Commonwealth-supported place, and that came with HELP the Higher Education…
Street Talk Mar 24, 2024 6.14pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Another local bigwig has pledged his allegiance to New York-headquartered Alvarez & Marsals assault on Australian dealmaking. Street Talk can reveal John Nestel, a dominant player in…
Entrepreneurs with a tax debt from during the coronavirus pandemic are increasingly seeking help to figure out how to repay the debt, said financial assistance platform Geldfit. The organization saw the number of calls they were getting at the start of this year rise seven-fold compared to last year. This now concerns calls from hundreds…
Trade credit insurances play a vital part in corporate finance in the German market. Yet the important role of credit insurers in restructuring scenarios is underestimated by many companies and their advisors. We examine what a trade credit insurance is and why it is important to keep insurers close in special situations. German Mittelstand: Stakeholders…