MUMBAI: Bulge-bracket bidders for bankrupt companies are working overtime to ensure that they don’t fall afoul of the amended provisions of the bankruptcy law with Seema Jajodia, sister of Sajjan Jindal of the JSW Group and wife of Sandeep Jajodia, the promoter of Monnet Ispat, taking the extreme step of transferring her shares in the…
THE Australian share market is expected to start the day mostly flat, after US stocks gave up gains made earlier in the session. At 0730 AEDT on Thursday, the share price futures index was down four points, or 0.07 per cent, at 5,977. The Australian dollar on Thursday is lower, extending the losses that started…
DUBAI (Reuters) – Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015 and issued two bonds for Etihad…
By Davide Barbuscia and Stanley Carvalho DUBAI (Reuters) – Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015…
Man who profited from preying on men suffering erectile dysfunction bankrupt Javoc ‘Dr Droop’ Vaisman told men their penises would shrink without treatment He now owes more than $3.6million in legal costs after he was taken to court It was found his failed medical institute took advantage of ‘vulnerable’ patients By April Glover For Daily Mail…
Accountancy Head of industrys watchdog says competition authorities should examine the sector MPs on the work and pensions select committee were told auditors and Carillion were all mates. Photograph: Daniel Sorabji/AFP/Getty Images Britains four biggest accountancy companies are facing fresh scrutiny, with the head of the industry watchdog calling for the competition regulator to investigate…
Boris Becker has empathy for a troubled Bernard Tomic, the German tennis great calling for some perspective around the struggles of the young Australian, who walked out of a reality TV show saying he was depressed. A former world No.17, Tomic has plummeted down the ATP rankings to 168 and his future on the court remains a mystery.…
LONDON–(BUSINESS WIRE)–Manolete Partners PLC, the UK Insolvency litigation funding specialist, is delighted to report that it has completed a £10m expansion financing. The additional new funds from HSBC Bank provide Manolete Partners with a £10m Revolving Credit Facility at a maximum margin of 2.75% above base rate. The new financing facility will be used to…
HOME builder Choiceliving Homes WA has gone into administration, calling in insolvency and business recovery specialists Cameron Shaw and Richard Albarran. Choiceliving appointed external administrators Hall Chadwick yesterday, days after WAs building watchdog declared it had suspended Choicelivings registration. Last Thursday, Building Commissioner Ken Bowron declared the authority had suspended the registration of Choiceliving, registered…
The newly appointed administrators of NQR have moved to reassure staff and customers its Kangaroo Flat store is operating as usual as they begin a search for buyers. The grocery clearance company offers dramatic savings on weekly shopping bills and has 24 stores across metropolitan Melbourne and country Victoria. Last week it entered administration and appointed Bruno Secatore and Luke Targett…