FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
I won! was the gleeful reaction by Ukrainian oligarch Ihor Kolomoisky to the news that a Kyiv court ruled that the 2016 nationalisation of his PrivatBank was illegal. “The grounds for such a decision by the District Administrative Court of Kiev were, among other things, the failure of the defendants to prove the existence of…
Before the likes of Samsung could put two displays onto one single smartphone, Russian company Yota attempted to do the same as far back as December 2012 with the release of the YotaPhone, a device that had an LCD display as its primary display and an e-ink display on the other side as its secondary…
Yota a dual display smartphone manufacturer, goes bankrupt declared the Cayman Islands Supreme Court in a recent ruling. According to the local newspaper, Cayman Islands Gazette, Yota requested for liquidation per local laws a few days ago. The court appointed FTI Consulting employees David Griffin and Joshua James Taylor as the Joint Official Liquidators of…
One of many sad elements in Boltons financial crisis and other current indignities is that for years they were supported by an owner most clubs would consider ideal. Eddie Davies, originally a Bolton lad, made a fortune marketing the heating elements in kettles and he brewed up 185.5m in loans to Wanderers before pulling the…
Image caption Anthony Cardoza was declared bankrupt after losing an appeal against repaying money to a council A former football club owner has been declared bankrupt after he was ordered to repay 2.1m to a council that lent it money for a stadium redevelopment. In January a High Court judge ruled ex-Northampton Town owner Anthony…
An SMSF member has had their application to have a bankruptcy notice set aside dismissed in a recent decision by the Federal Court of Australia. The case of Batterham v Nauerinvolved Peter Batterham, the sole member and beneficiary of an SMSF, the Batterham Retirement Fund. The case concerned applications in two proceedings following the issue…
SINGAPORE – The tycoon who made headlines in 2017 for his run-in with the management committee of the Ardmore Park condominium was declared bankrupt in the Hong Kong High Court last week. Dr Sit Kwong Lam, who was listed as a billionaire by Forbes in 2017 but dropped off last year, had provided a personal…
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
Xue Guanglin, the founder of Brightoil Petroleum Holdingsand once a billionaire on the Forbes rich list, was declared bankrupt by Hong Kong High Court following a long-running case involving financial woes at his company. As Xue is a personal guarantor for about US$30 million debt owed by Brightoils Singapore subsidiary to Vietnamese national oil company…