Multinational pharmaceutical company Daiichi Sankyo and HDFC Bank are at logger heads with each other to ensure that they are not denied their rightful money by erstwhile Fortis promoters, the Singh brothers. In the latest twist of the tale, Daiichi has moved the National Company Law Tribunal (NCLT) to stay insolvency proceedings of RHC Holdings,…
Craig Levy has said he’s sorry for killing his Airbnb visitor over a $210 debt, but Ramis Jonuzi’s sister has told a Melbourne court she’ll never forgive him. Naime Balla struggles to remember the good times with her brother – her last memory is his body lying on a slab in a coroner’s office. Levy,…
Following a joint investigation by the Insolvency Service and the Metropolitan Police, Sarkis Agop Kouyoumdjian (55), of Kensington High Street, West London, appeared at Southwark Crown Court on Friday 14 September where he also received a nine year directorship disqualification. The court heard that in November 2011, Sarkis Kouyoumdjian voluntarily accepted a disqualification undertaking in…
An insolvency specialist is warning business owners to be alert to the risks associated with falling property prices, given the family home is often used as security for business finance. Trent Devine, a partner at Jirsch Sutherland, suggested that the huge boom in values particularly on Australias east coast has helped many businesses stay afloat…
In the world of corporate insolvency, the list of industries at the highest risk of insolvency has changed very little over the last ten years. According to ASICs Insolvency Statistics, of the over 11,000 corporate insolvencies in Australia annually, 76% come from five industries: Construction (19%), Accommodation and food services (10%), Retail trade (7%), Transport…
Katie Hopkins has applied for an insolvency agreement in a last-ditch attempt to avoid bankruptcy after losing a libel case to food writer and poverty campaigner Jack Monroe. The controversial columnist was ordered to pay Monroe £24,000 in damages and legal costs in March last year after the High Court ruled comments the rig… Read…
Something is going wrong in this country if we cant stand up for our most vulnerable fellow Australians. Yet it seems many politicians are more interested in plotting and infighting than doing their jobs and standing up for justice. Pay day loans are almost exclusively used by people on low or very low incomes. Photo:…
ROHNERT PARK, Calif., Sept. 17, 2018 /PRNewswire/ — Ameritech Financial is closely following the recent trend of companies offering employees assistance with college education. Such programs can help to minimize student debt or pay it off, depending on the specifics of the program. For example, companies such as Starbucks, UPS, Wells Fargo and Comcast are offering employees…
Ford Motor Company (NYSE:F) faced potential insolvency during the last financial crisis Ten years ago, amidst the worst financial crises since the Great Depression, the American auto industry almost died. By Fall 2008, the Big Three US car companies of General Motors, Chrysler, and Ford faced potential insolvency, and without swift government intervention, their futures were…
Carillion, the tip of the iceberg, but the good ship construction cannot change its course by Ian Anfield, Hudson Contract managing director Figures published last week highlight the fact that our major contractors are a spent force, and ultimately why they should no longer be allowed to dominate the industry and influence government policy around…