The agriculture companies InterAgro SRL Zimnicea and InterAgro SA, owned by the Romanian billionaire Ioan Niculae, entered insolvency. The Teleorman Court admitted the demand of several creditors for the insolvency of the two companies run by Ioan Niculae. The company InterAgro SRL controls the largest part of Niculaes businesses in agriculture and industry…
Nant whisky distillery at Bothwell, Tasmania An investor in Nant, IT consultant David Kavanagh, says Nant Distillery refused to allow him to take his whisky out of its investment scheme to another bond store, even though he had applied to the Australian Tax Office for permission and had organised placement in another secure facility. Mr Kavanagh said…
YOURSAY He claims to have resolved his bankruptcy, but was he discharged? Ramesh Rao to sue Sarawak Report over ‘bankrupt’ label Victor Johan: Ramesh Rao, you had previously in July 2015 admitted to being a bankrupt, and now you have travelled to a foreign land and claimed that your bankruptcy problem has been “resolved”. To…
In Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment, Claire A. Hill and Richard W. Painter provide an account of the changes to banking that encouraged the risk-taking that became a factor in the global financial crisis, and propose a solution: covenant banking. The authors suggestion of binding bankers to contracts that encourage accountability…
Better Bankers, Better Banks Book Review Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment. Claire A. Hill and Richard W. Painter. University of Chicago Press. 2015. History is marked by many turning points which we may call critical junctures. The global financial crisis has been one example. The crisis underscored various deficiencies in…
Charles Dickens was a great supporter of the Great Ormond Street Childrens Hospital in London. In our present era of public service announcements, telethons, fun-runs, cyber-fundraising events and ice bucket challenges, it seems as if every disease or medical cause has a celebrity spokesman drumming up donations and interest. Yet such effective fundraising practices are…
A small credit union that served members of Christ the King Baptist Church in Milwaukee was declared insolvent and shut down by a state regulator Friday. CTK Credit Union, 7750 N. 60th St., was closed by the Wisconsin Department of Financial Institutions, which appointed the National Credit Union Administration, or NCUA, to liquidate it.…
My husbands business is successful, but I have never really looked at how our personal assets may be exposed if it ever goes belly up. We have a £2m home, which I co-own. So I would like to find out how best we can protect the house and my own half-share of the house against…
In 1999, Sydney was at its peak the Olympic Games were imminent and there was unbridled optimism that Sydney was about to emerge as an international city as the millennium approached. Internationally, Sydney was renowned as an incredibly fun place to live; the entertainment was world class, with great restaurants and venues to visit at…
Shutterstock photo Federal investigators recently searched the Manhattan offices of an investment firm once headed by young insurance magnate Alexander Chatfield Burns, whose empire collapsed in 2014 amid allegations that millions of dollars had been siphoned off into unusual or nonexistent investments. The Jan. 14 raid by federal agents, confirmed by people familiar…