Ensos CEO believes this move is essential for the companys long-term survivability. Credit: I99pema/commons.wikimedia.org. Finnish company Stora Enso is planning to implement company-wide restructuring actions to improve its profitability and competitiveness in the long term. The company intends to swap its focus on capital allocation in the strategic growth markets with an increased focus on…
Disgraced AFL great Barry Cable has been ordered by a court to pay more than $800,000 after he sexually abused an underage girl in Western Australia. The former North Melbourne star appeared before Perth District Court on Friday on civil allegations he assaulted a teenager during the 1960-70s. The woman, now aged in her 60s,…
Chris Ferguson The number of insolvency-related activities in the North East fell in May, new research has found. However, the figures are still higher than pre-pandemic levels as economic challenges continue. The UK’s insolvency and restructuring trade body R3 analysed new data provided by CreditSafe, which unveiled that there were 76 insolvency related activities during…
The conviction last year of former world number-one tennis player Boris Becker, for hiding millions of pounds of assets and loans in an attempt to evade tax liabilities, was a much-needed shot in the arm for the insolvency industry. Coming at a time when several high-profile prosecutions had ended in well-publicized failure for the UK…
NEW DELHI: The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of Creditors (CoC) with 100 per cent votes and it can not “interfere with the “commercial wisdom” of the…
The North Melbourne and WAFL great has been ordered to pay more than $800,000 in damages after a judge found he sexually abused a Perth girl in the 1960s and ’70s By AAP, with staff writers 1 hr ago Barry Cable addresses the room during the 2012 Hall of Fame induction dinner. Picture: AFL Photos…
Sometimes fame and wealth result in a disastrous spending spree. Here are 5 celebrities who lost all of their money at one point in their careers. 1, Johnny Depp. Depp was earning $30 million for each Pirates of the Caribbean film. However, he went bankrupt due to a mismanagement of funds by his staff. 2,…
Images by GettyImages; Illustration by Hunter Newton/Bankrate If you have found yourself underneath piles of debt and struggling to make ends meet, debt relief may be a valuable solution. But this choice is not one-size-fits-all and requires some consideration ahead of time. Consider the qualifications necessary to undergo debt relief along with the two primary…
The former Australian Rules footballer Barry Cable repeatedly sexually abused a Perth girl while at the height of his playing career, a judge has found in a civil trial. Cable, 79, was sued in the district court of Western Australia by a woman who alleged he abused her over a five-year period beginning in the…