A bankrupt British socialite has said he did not purchase a centuries-old portrait which is at the centre of a High Court legal dispute. James Stunt and his father, Geoffrey Stunt, are fighting a legal battle with James Stunts trustees in bankruptcy over the Sir Anthony Van Dyck painting, The Cheeke Sisters. The trustees claim…
DetailsBased on the facts of the case, the accused on April 16, 2023 deceived a 40-year-old man into believing he was selling a pickup truck and heavy machinery being auctioned by the SFC. Stock photo SIBU (March 6): The Magistrates Court here sentenced a man today to one year in prison and two strokes of…
DetailsIn a recent ruling that underscored the legal consequences of fraudulent activities, the Magistrates’ Court in Sibu handed down a one-year prison sentence and two strokes of the cane to Eugene Vernon Jelani, 37, for deceiving an individual out of RM4,000. The conviction, aimed at settling a gambling debt, also included a RM3,000 fine, showcasing…
DetailsGateway Liquor, a Sydney-based liquor wholesaler has been placed into liquidation, following a general meeting of company members earlier this month. The Gateway Liquor website states: On 1 March 2024 Gateway Liquor Wholesalers Pty Ltd was placed into liquidation. Clifford Sanderson and John Gibbons of Dissolve were appointed as Joint and Several Liquidators. The company…
DetailsA bankrupt British socialite and art dealer is in a High Court dispute over whether he is the owner of a centuries-old painting. James Stunt, the former son-in-law of ex-Formula 1 boss Bernie Ecclestone, was declared bankrupt in June 2019. A trial in London heard he purchased Sir Anthony Van Dycks portrait, The Cheeke Sisters,…
DetailsThe state of the UK economy Insolvency rates could exceed 1990 levels. An estimated 35,000 businesses may enter administration over the next 12 months. While debate continues as to whether the UK has been in a technical recession, it is clear that the national economy has at least been stagnant for the last two years.…
DetailsIn a heart-wrenching incident in Kowloon City, a father, succumbing to the pressures of gambling debt, attempted a murder-suicide by throwing his seven-year-old son from a car park rooftop before jumping himself. Ma Kam-shui, 58, a taxi driver and logistics worker with a known gambling addiction, orchestrated this desperate act late Monday night, as confirmed…
DetailsShen Yao, once known as LionGold, is under scrutiny after its Australian subsidiary, Balmaine Gold, faced administration due to a significant reduction in gold production, attributed to insufficient storage capacity for mine waste. The crisis unfolded as Balmaine Gold, which took control of the Ballarat mine in 2012 through the acquisition of Castlemaine Goldfields, struggled…
DetailsThe Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…
DetailsCade Lucas Failed home builder Apex Homes received a $100,000 payment from a customer just days before a winding up order was lodged against it over unpaid debts. The customer, who wishes to remain anonymous, claims their financial advisor authorised the payment to Apex three weeks ago, after the company signed a statutory declaration that…
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