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…
A bankrupt British socialite and art dealer is in a High Court dispute over whether he is the owner of a centuries-old painting. James Stunt, the former son-in-law of ex-Formula 1 boss Bernie Ecclestone, was declared bankrupt in June 2019. A trial in London heard he purchased Sir Anthony Van Dycks portrait, The Cheeke Sisters,…
Shen Yao, once known as LionGold, is under scrutiny after its Australian subsidiary, Balmaine Gold, faced administration due to a significant reduction in gold production, attributed to insufficient storage capacity for mine waste. The crisis unfolded as Balmaine Gold, which took control of the Ballarat mine in 2012 through the acquisition of Castlemaine Goldfields, struggled…
Photo: Mario Beauregard/Alamy Live New Apparently, Just for Laughs cant survive just on laughs it needs money too. The storied Montral comedy institution that, each year, awards the coveted distinction of New Faces to a crop of comedians on the rise, has canceled its 2024 festival, citing financial factors. Groupe Juste Pour Rire Inc., the…
The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December. This was also a 31 per cent increased from the total number of personal insolvencies recorded in January 2023. Of the new personal insolvencies, 553 were bankruptcies, 452 were debt agreements and ten were personal insolvencies. Workers entering personal…
The consortium that originally included ICM and Howie Mandel has canceled its 2024 edition as new investors or asset sales are considered. March 5, 2024 10:33am Seth Rogen and director Judd Apatow GP Images/WireImage The parent company of Montreals Just For Laughs comedy festival, Groupe Juste Pour Rire Inc., is set to file for bankruptcy…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Bankrupt British socialite James Stunt is locked in a High Court dispute over whether he is the owner of a centuries-old painting worth up to 4 million. The…
As the world gradually emerges from the shadows of the COVID-19 pandemic, the economic aftermath continues to ripple through the business sector, particularly affecting directors of previously wound-up businesses. A significant surge in business-related personal insolvencies signals a challenging period ahead, with personal guarantees coming back to haunt many. The latest quarterly report from the…