Tan Sri Muhammad Shafee Abdullah leaves the Kuala Lumpur Courts Complex September 13, 2018. Picture by Azneal Ishak KUALA LUMPUR, Sept 13 Prominent lawyer Tan Sri Muhammad Shafee Abdullah built a reputation for getting people off charges as grave as murder, drug trafficking and corruption, but is now in the dock just like his varied…
Ryan Thomas jokes he ‘now knows how to pay the taxman’ after his £40K bankruptcy hell… as he admits he ‘dreams of making millions after CBB’ The 34-year-old actor, who was crowned winner of CBB on Monday, appeared on Jeremy Vine to discuss Punchgate and his future success Back in 2013, Ryan, who starred as…
A company that once received the biggest ever deal on the Australian edition of Shark Tank, but was marred by controversy in the months after the show aired, has fallen into voluntary administration. Coffee pod manufacturer iCapsulate was placed into voluntary administration late on Monday, with Rodgers Reidy administrator Andrew Barnden appointed to oversee the…
Recently-published UK government proposals to tighten up insolvency laws and address the business practice of phoenixing have put a fresh spotlight on a notoriously tricky area of financial regulation. Under the plans, company directors who dissolve their business to circumvent obligations such as staff payments and pension commitments could face substantial fines. The legislative backdrop…
The viral publisher Unilad, known for its commitment to student-friendly online banter, is facing insolvency proceedings following a demand from HM Revenue and Customs (HMRC) amid concerns over the future of the sites Facebook-centric business model. HMRC issued a winding-up petition against Unilads parent company in July, which is due to be heard at the…
A troubled Sheffield city centre pub which ran into financial difficulties has announced its immediate closure. The Sentinel Brewhouse in Shoreham Street has shut its doors immediately and laid off seven staff although the attached brewery will continue to trade while a buyer is sought. The Sentinel Brewhouse. Last year, it was revealed that the…
Vocally she could range from the plumminess of a duchess to the raucous expletives of the charwomen she used to meet as a footloose single girl sharing a Mayfair flat with a West End prostitute. But in person, as the journalist Gyles Brandreth recorded in his diary, that husky, purring voice is for real. On…
This autumn will mark the tenth anniversary of the most spectacular bankruptcy of all times. On 15 September 2008, banking heavyweight Lehman Brothers knocked sideways by the bursting of the sub-prime mortgage bubble a year earlier, declared itself insolvent with 613 billion US dollars worth of debt. This whipped up a storm that raged through Wall…
New Delhi: The Supreme Court halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before the deadline for referring them to insolvency court expired by staying a Reserve Bank of India (RBI) circular issued in February. Bankers said the decision will delay the process at least…
Franco Frattini, president of the Italian Olympic Committee (CONI) tribunal, told reporters CONI had voted 3-2 not to allow any additions to the championship which started two weeks ago. Serie B usually has 22 teams but three of those who should have played this season were barred for financial reasons. Bari and Cesena, both former…