This 2011 file photo shows workers at the Petaling Jaya factory. KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) will cease its manufacturing operations in the country under an operations restructuring that will see it sourcing tobacco products for the domestic market from other British American Tobacco group factories regionally. The tobacco firm – whose…
Gabrielle Upton says directors need certainty about whether their insurance can fund their costs to defend a claim. Wolter Peeters by Marianna Papadakis NSW Attorney-General Gabrielle Upton has asked the NSW Law Reform Commission to review insurance laws that could prevent directors and officers from accessing their personal liability insurance. Ms Upton said the laws…
Thursday, 17 March 2016 | Staff Reporter View Comments Facebook 5 Google + 1 Linkedin 0 Liquidators have been appointed to companies associated with a notorious property spruiker. In a statement today, ASIC announced that the Federal Court of Australia has made orders appointing liquidators to companies associated with Jamie McIntyre and 21st Century land…
Insolvency rules are not to blame for the CHCH TV restructuring case that has left former employees of the broadcaster without severance pay, according to a Toronto lawyer who says it is instead corporate law policies that should be reviewed in light of that situation. As Canadian Lawyer InHouse reported in December, Channel Zero Inc., the…
Flickr/MorganDoing nothing Dodd-Frank was really meant to prevent bond traders from earning a million dollars. It has been successful, but as an unintended consequence, it has reduced liquidity. Now the SEC is regulating mutual funds even more to address the liquidity problems. If the regulations work, they are declared a success and they write more…
Share this: The former majority shareholder in Bulgarias insolvent Corporate Commercial Bank (CCB), Tsvetan Vassilev, has filed an application to receive Serbian citizenship, public broadcaster Bulgarian National Television (BNT) said on March 16. The report, which came on the day that Vassilev faced a court hearing in Belgrade on the request to extradite him to…
03/16/2016 - 15h43 Tweet The more level-headed of those occupants of the Planalto Palace, the seat of the Brazilian government, admit that Luiz Inácio Lula da Silva’s return to government is the last card Dilma Rousseff can play to…
Property developer Luke Saraceni is suing the Commonwealth Bank for wrongfully putting his Raine Square project into receivership. Picture: Megan Powell /The West Australian Raine Square tower, more than any other skyscraper in the city, encapsulated the aspirations of boom-time WA. Lording broodily over one of the richest cities on earth, the tower was a…
A PROMINENT business leader within the local Indian community and his family have been declared bankrupt following the liquidation of their spice and nut trading business. Kirpa Ram Sharma, 60, had provided personal guarantees to a number of banks for loans extended to his company, Pars Ram Brothers, which was placed under provisional liquidation in…
Cathy Bennett couldnt be more emphatic: Newfoundland & Labrador is in crisis. In animated fashion the finance minister has told us we have no money and that weve maxed out the provinces credit card. The rhetoric is intense. If Bennett is to be believed, if things get any worse we might need to revisit our…