Austrian real estate, media and retail investor and founder of Signa Holding Rene Benko is seen prior to the Formula One Austrian Grand Prix at the Red Bull race track in Spielberg, Austria on July 2, 2023. Georg Hochmuth | Afp | Getty Images Rene Benko, the fallen property tycoon whose Signa empire toppled in…
The Insolvency Service has begun legal action to have Lex Greensill disqualified from running companies for up to 15 years after the outcome of an investigation into the directors of his failed finance firm. The government agency said it had issued disqualification proceedings on behalf of the business secretary against the former Australian sugar farmer,…
Mar 8, 2024 5.18am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? London | Britains insolvency service has launched a court action to ban fallen Australian financier Lex Greensill from running or controlling any company for 15 years the toughest possible…
The Insolvency Service confirms the outcome of its investigation into the directors of the collapsed Greensill group of companies. A spokesperson for the Insolvency Service said: We can confirm that the Insolvency Service has commenced director disqualification proceedings against Alexander (Lex) Greensill to have him disqualified from running or controlling companies for a period of…
Austrian investor Rene Benko, founder of the Signa property and retail group and one of Austria‘s richest men, has filed for insolvency, a spokesperson for the Innsbruck regional court confirmed on Thursday. The move comes after the Austrian state prosecutor filed an insolvency petition against the 46-year-old at the end of January, accusing Benko of…
(Bloomberg) — Rene Benko, the founder of the ailing Signa conglomerate, filed for personal insolvency at an Austrian court that was in the process of reviewing his personal finances. Most Read from Bloomberg Benko made the filing voluntarily, Norbert Wess, a lawyer for the businessman told Bloomberg by email, confirming earlier media reports by the…
Company sold unnecessary service plans to vulnerable customers and told them they would be charged if they cancelled Your Home Care Services Ltd (Company number 13286071) targeted vulnerable pensioners to sell home maintenance plans The company used aggressive tactics to sell unnecessary cover for household goods It also used a fictitious London address and failed to…
OREANDA-NEWS By the end of January, 571 companies were declared bankrupt in Russia, and in February 771. The annual increase in insolvent firms for the first month of 2024 was about 57 percent, for the second – 61 percent, the Kommersant newspaper reports, citing data from the Unified Federal Register of Bankruptcy Information (EFRS). For comparison,…
When former New South Wales builder Troy Loh’s Matrix Group company collapsed in 2021 it was almost $3 million in debt to more than 200 contractors who weren’t paid. Now that Loh is working on new projects under a new business name, Matilda Build Australia, anger has arisen amongst those who were left tens of…
A bankrupt British socialite has said he did not purchase a centuries-old portrait which is at the centre of a High Court legal dispute. James Stunt and his father, Geoffrey Stunt, are fighting a legal battle with James Stunts trustees in bankruptcy over the Sir Anthony Van Dyck painting, The Cheeke Sisters. The trustees claim…