Former Kids Company chief executive Camila Batmanghelidjh is at the start of a nine-week trial in the high court that could see her disqualified as a company director, along with nine former directors from the charity that include BBC veteran Alan Yentob. Batmanghelidjh is threatened with a six-year order, and Yentob with four years. The…
The UK pensions regulator is to warn trustees of thousands of company final salary-style pension plans to be more alert for signs of employer distress as it fears scheme members risk getting a raw deal from any hastily arranged business rescue. The action comes as government and regulatory bodies become increasingly concerned that the winding…
Gore was acquitted on six other counts. The most serious fraud charges with which Gore was convicted under Queenslands Criminal Code carry jail terms of up to 12 years. Sentencing is due next month and Gore’s bail was revoked. The former entrepreneur was lead away to the cells downstairs after a brief chat with his…
Mike Tyson saw his net worth peak at $300 million during his days as boxings most dominant fighter. He had it all. But as quickly as the wealth came, it left. The former heavyweight champion declared bankruptcy in 2003. Tyson, who is ready to step back into the ring at 54 against Roy Jones Jr.,…
The retired tennis star Boris Becker has insisted that he will clear his name over allegations that he concealed his Wimbledon trophies, an Olympic gold medal and more than 1 million in cash during bankruptcy proceedings. Mr Becker, 52, is standing trial at Southwark crown court for allegedly failing to declare more than two dozen…
‘I believe in the British legal system’: Boris Becker says he will clear his name amid allegations he hid more than 1 million during bankruptcy proceedings Boris Becker is accused of failing to hand over trophies so they could be sold Trophies listed on 28-count indictment include 1985 Wimbledon men’s title Mr Becker says he…
Business Standard Insolvency law experts say that invoking personal guarantees goes against the spirit of the IBC TopicsInsolvency and Bankruptcy Code|IBC As lenders scramble to invoke promoter guarantees against corporate debtors with little success, government officials say a corporate insolvency resolution process is not over till the insolvency of the personal guarantor is also resolved.…
Katie Price ‘to attend bankruptcy hearing over Zoom from her luxurious 1,400-a-night resort in the Maldives’ The former glamour model will attend a bankruptcy hearing over Zoom while she is staying with her beau Carl Woods at 1,400-a-night resortYou & Me Maldives The TV personality, 42, returns to court on Tuesday after someone ‘anonymously tipped…
London Mayor Sadiq Khan London Mayor Sadiq Khan has called the UK governments demand thatTransport for London (TfL) increase fares and expand the congestion charge zone ill-advised and draconian. The Mayor also accused Boris Johnson of lying to parliament over the UK Prime Ministers claim that TfL was effectively bankrupt even before the start of…
By Reuters Staff 2 Min Read FILE PHOTO: Tennis – ATP 500 – Hamburg European Open – Am Rothenbaum, Hamburg, Germany – September 22, 2020 Former tennis player Boris Becker in the stands during the first round REUTERS/Cathrin Mueller (Reuters) – German tennis great Boris Becker pleaded not guilty on Thursday to charges that he…