Mars One, a Dutch company that planned to send humans on a one-way trip to Mars and start the first human colony on the Red Planet, hasbeen declared bankrupt. The declaration was made in a Swiss court on Jan. 15and posted on Reddit this past weekend officially dissolving Mars One Ventures AG. Bas Lansdorp, company…
A High Court ruling clarifying a provision of the Personal Insolvency Acts is good news for a large number of debtors appealing decisions that their applications for court approval of personal insolvency arrangements were made out of time. Mr Justice Denis McDonald granted an appeal by a debtor against a Circuit Court finding last October…
Nexus Law Group has added three senior lawyers as group principals. Maria Monastiriotis, Tara Lucke, and Claudio Venegas have joined the firm. Monastiriotis and Venegas join the firms Sydney office, while Tara Lucke will be based on the Gold Coast, the firm said. All three bring their own unique insights and perspectives in their areas…
The Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT) before any decision was taken on ArcelorMittals bid for the company. The court also rejected their plea seeking a stay on the National Company Law…
While some are still arguing whether man even landed on the moon at all or not, there are those who have already set their eyes on making Mars humanitys next home. Elon Musk immediately comes to mind, but he was hardly the only one. Almost seven years ago, a never before heard of organization proposed…
The corporate watchdog failed to take action over doomed Bestjet despite being warned about alleged misconduct a year before the budget airfare company collapsed. The Australian Securities and Investment Commission in 2017 was told Bestjet was not being run by its founder, Rachel James, but rather her husband, Michael James, who already had a history…
By E Jayashree Kurup It has been a harsh winters for consumers and developers for the real estate sector. But this period has also coincided with some welcome structural and policy changes that will usher in long-term gains for the sector. Demonetisation The sector was battling weak consumer sentiments due to poor deliveries when demonetisation…
April 2011: “The club has been rescued, thank God, of the fantastic heritage of Liverpool Football Club, but it was a close call.” William Gaillard, adviser to UEFA president Michel Platini. May 2012: People have short memories, its only 15-16 months ago we were a day away from being in administration. We are now stable…
Terence Coventry, from Gainsborough, Lincolnshire, was appointed the sole director of Alliance Traffic Services Ltd in April 2016 before he caused the company to enter into a factoring agreement a month later. The factoring agreement, which Coventry personally guaranteed, set out the terms where an independent finance company would buy Alliance Traffic Services invoices in…
CEDARHURST, N.Y., Feb. 08, 2019 (GLOBE NEWSWIRE) — The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff…