April 12th, 2016 Jason Jiang Greater China, Shipyards 0 comments Huanqiu Shipbuilding, a major shipyard in based in Yangzhou, Jiangsu, has been declared bankrupt by the local court. Jiangsu Bangtuo Shipping, a creditor of the shipyard, applied with the court in Yizheng to liquidate the shipyard in November 2015 due to the shipyards inability to…
Non-banks have competitive advantages and disadvantages vis-a-vis licensed deposit-takers. Tanya Lake One of the most attractive investment opportunities in the years ahead could be non-bank lending in its various guises, including technology-enabled peer-to-peer (P2P) lenders. As regulators sensibly shrink excess leverage and risk-taking in the banking sector, they will inevitably open the door to heightened competition from…
By: Rob McKay Date: 12.04.2016 Hassall raises inconsistencies in argument as TWU seeks to bolster its stance Kim Hassall With the political debate moving towards sloganeering, many of the safe rates analytical points that have been starved…
Insolvency and restructuring firms are circling Peabody Energy’s Australian arm, with the unit expected to appoint advisers and push ahead with a restructure as early as this week. The United States-listed Peabody Energy flagged that it was on the verge of Chapter 11 bankruptcy last month and sources told Street Talk the situation was poised to…
A DELOITTE insolvency expert has told a court how the loans between Kleenmaid-run companies brought the company down. Richard Hughes, a Deloitte financial advisory partner, told the Brisbane District Court on Monday a web of loans ensured that when one Kleenmaid-run company was declared insolvent, the many others collapsed with it. Former Kleenmaid directors Andrew…
We have the highest unemployment rate weve had in 20 years and the only province facing a decline in its GDP, said Karen Wyke, a partner with Fasken Martineau DuMoulin LLP, speaking at the Canadian Corporate Counsel Association last week. Wyke was part of a panel discussing recurring themes faced by in-house counsel in the…
MADISON, Wis. (AP) Wisconsin Gov. Scott Walker says hes thrifty and is offering T-shirts for craft projects while asking donors to help pay off the $1.2 million debt from his short-lived presidential campaign. The Republican sent an email to donors Sunday saying, if there is one thing the American people learned about me during our…
Published 11/04/2016 | 12:38 Simon Stokes and Conach Stokes BANKRUPT businessman Simon Stokes’ estranged wife Conach has told the High Court she wants to be added to his list of creditors as part of his bankruptcy process. Share Go To “I just want you to make you aware about the situation and how he has…
Exposing tax dodgers is a worthy endeavor, but the limited hangout of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the Panama Papers, leaked from a Panama law firm specializing in shell companies, has triggered…