Sydney businessman Abdul Helou claimed to be on the cusp of buying the Mariners. Credit:LinkedIN Sources close to the situation indicate that while Helou has claimed to have paid the Mariners a deposit, the money was not received by the club, , an allegation denied by Helou. The Mariners have since ordered Helou to stop…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
Law360, London (December 22, 2020, 2:12 PM GMT) — The Pensions Regulator said workplace savings plans for failed high street giant Arcadia Group will soon be assessed by theU.K.’s lifeboat schemeto determine if they need support. The watchdog said Monday the Pension Protection Fund would begin the assessment as soon as it had carried out…
Wednesday, 23 December 2020 Blokker, before the lights went out. Donald Trung/Wikimedia Mega World, the company that took over 123 Blokker stores in Belgium in February, has been declared bankrupt, with the jobs of all 650 employees now at risk. Blokker sells mainly household goods, from kitchen equipment to soft furnishing and decoration. In the…
Former rugby league Test star Elijah Taylor was reportedly scammed out of hundreds of thousands of dollars by his former agent, and may not see a cent in return despite winning a legal case against it. Wide World of Sports reports Taylors former manager Ian Miles scammed more than $350,000 from the New Zealand international.…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
The former director of a major building firm which collapsed with debts of about $31 million has avoided bankruptcy with creditors to receive between 0.4 and seven cents in the dollar. Former RGD Group Pty Ltd and RGD Constructions Pty Ltd director Ron Grabbe entered into a Personal Insolvency Agreement with creditors of his estate…
Belgian outlet chain Mega World is bankrupt: after the Court of Appeal decided on Monday morning that the retailer would not be protected against creditors, there was no other way out. 650 jobs will be lost. Over-indebted The shadowy story of outlet chain Mega World has come to an end, a story that began in…
Law360, London (December 22, 2020, 2:12 PM GMT) — The Pensions Regulator said workplace savings plans for failed high street giant Arcadia Group will soon be assessed by theU.K.’s lifeboat schemeto determine if they need support. The watchdog said Monday the Pension Protection Fund would begin the assessment as soon as it had carried out…
Monday, December 21, 2020 The United Kingdoms Corporate Insolvency and Governance Act 2020 (CIGA) shifted the focus of the United Kingdoms insolvency regime from administration and liquidation to rescue and recovery and introduced a number of interesting new features that apply to companies experiencing financial difficulties. This article considers how certain of these features fit…