Riyadh- Saudi companies whose losses exceed 50% of their capital now have seven months only before being completely liquefied. Administrations of these companies are taking serious steps to enhance their financial conditions. Asharq al-Awsat newspaper was informed that the majority of these companies will depend on decreasing or increasing their capital. These updates coincide…
Georgia Forrester/FAIRFAX NZ Sensible Sentencing Trust founder Garth McVicar, left, and the trust’s Manawatu spokesperson Scott Guthrie. The director of two failed Feilding courier firms, who has since moved on to become a vocal member of the Sensible Sentencing Trust, will not have to pay any money back to the companies, partly because he was bankrupted following…
Georgia Forrester/FAIRFAX NZ Sensible Sentencing Trust founder Garth McVicar, left, and the trust’s Manawatu spokesperson Scott Guthrie. The director of two failed Feilding courier firms, who has since moved on to become a vocal member of the Sensible Sentencing Trust, will not have to pay any money back to the companies, partly because he was bankrupted following…
A sincere implementation of laws including those dealing with insolvency and bankruptcy will ensure that there is no repetition of 2G and Satyam like scams in India, NCLT President Justice M M Kumar has said. There will be no repetition of Satyam or 2G… those types of things. Those things are unlikely to happen if…
Breakfast will be served and beds made as usual this weekend for residents booked into a Dublin city centre hotel that has gone bust but will continue to trade under the aegis of the insolvent companys landlord. Barrister Rossa Fanning gave Ms Justice Marie Baker in the High Court an undertaking that any pre-paid bookings…
The Singapore-based Rickmers Maritime has come to a sitatuation where The choice is between restructuring the securities in the company to less than half their current value or shutting down. So it has warned the investors that if its proposed debt restructuring plan is not approved by its noteholders, it could be headed for a…
Land banking its a term which can be shrouded with negativity and is often in the spotlight for all the wrong reasons. But what does it actually mean, and can it work as an investment strategy? What is land banking? Land banking is a speculative investment strategy, which centres around the acquisition of land deemed…
Brunel Law School has appointed two new high-profile academics to teach the universitys portfolio of corporate law courses to undergraduate and postgraduate students. Emeritus Professor of Corporate Law at the University of Oxford, Professor Dan Prentice, and the chair of the company law committee of the Council of the Bars and Law Societies of the…
Associate Matthew Downing has moved from the firms Norwich office, where he has been working for the previous three years, to head up Ashtons Legals Corporate and Commercial team in Cambridge. Downing has extensive experience advising clients on buying and selling businesses, in particular owner managed and family businesses. He also advises on shareholder and…
Clive Palmer has made light of a damning letter administrators claim shows Queensland Nickel was trading while insolvent for a month and a half before they were called in. The November 27, 2015, a letter from rail freight operator Aurizon declares the company in default of a $12.5 million debt and calls for payment within 28 days,…