Real estate mogul John McGrath has announced the former CFO of Kerry Stokes’s media group, Peter Lewis, as the new chairman of embattled property group McGrath Limited. Mr Lewis will join the recently emptied McGrath board along with lawyer Andrew Robinson, founder of commercial law firm Robinson Legal. Mr McGrath announced the appointments to the…
According to Italian daily Corriere della Sera, Milan owner Yonghong Li has declared himself bankrupt and his assets will now be auctioned off on Taobao – the Chinese version of Ebay. Questions had been previously asked of Yonghong’s financial stability, with the New York Times and Italian financial paper Il Sole 24 Ore having already carried out investigations pointing…
19 February at 10:05 In an astonishing report this morning, Italian daily Corriere della Sera claims that Milan owner Yonghong Li is bankrupt and that his assets will be auctioned off on Taobao. Taobao is the Chinese equivalent of Ebay and this is not the first time that investigations have found the patron to be…
It now seems that his debt woes could be working in favour as he continues to live rent-free in a sprawling $13.5 million oceanfront compound at Sapphire Beach, north of Coffs Harbour, with his partner and two young children. Nathan Tinkler smashed the mid north coast record in 2008 when he purchased Noorinya for $11.5…
The tribunal rejected Era Infras objection that since several company petitions had been filed before the Delhi high court with a prayer for winding up the corporate debtor and were pending, no insolvency proceedings could proceed before the tribunal. Photo: iStockphoto New Delhi: The National Company Law Tribunal on Friday decided to move ahead with…
When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did not realise more than $1 million. Nathan Tinkler smashed the mid north coast record…
MUMBAI | HYDERABAD: Telecom company Aircel will shortly file for bankruptcy at the National Company Law Tribunal (NCLT) and its board has been dissolved ahead of the move, said two people aware of the matter. That will mark the demise of the last small mobile phone company, leaving just four main non-state ones soon to…
When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did not realise more than $1 million. Nathan Tinkler smashed the mid north coast record…
DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabias cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for struggling companies seeking to restructure debt with creditors…
Bankrupt Nathan Tinkler living large in $13.5 million mansion PITY the lot of bankrupt billionaire Nathan Tinkler, living in paradise. When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did…