After 17 years spearheading his company Perth Security Services, a snowballing legacy tax debt amid a pandemic-driven downturn threatened to undo Neville Maders lifes work. Mader had successfully contested a superannuation claim levelled by an employee, but the Australian Taxation Office audit it triggered saw PSS hit with a tax bill of almost $400,000. Mader…
DetailsMore than 20 armed men stormed the head office of a bankrupt oil producer in East Siberia last week in the latest twist in a battle for control over a lucrative export project. Two videos distributed on Russian social media showed a group of armed men allegedly landing at the site by helicopter, searching and…
DetailsNew Delhi, Sep 18 (PTI) The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a…
DetailsThe NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…
DetailsMore than 20 armed men stormed the head office of a bankrupt oil producer in East Siberia last week in the latest twist in a battle for control over a lucrative export project. Two videos distributed on Russian social media showed a group of armed men allegedly landing at the site by helicopter, searching and…
DetailsIn a significant move to protect vulnerable Australians from the perils of online gambling, the Australian Labor Party Government is set to introduce legislation that bans the use of credit cards and related financial products for online betting. Under the proposed Interactive Gambling Amendment (Credit and Other Measures) bill, companies that fail to enforce the…
DetailsAccording to TransUnion, credit card debt in America has reached 90.6 billion dollars in the fourth quarter of 2022. Thats 18.5% higher than the year prior. With average credit card interest rates at 23.77 percent, according to a recent Forbes report, its easy to see why many Texans are struggling to pay $30,000 to $100,000…
DetailsThe NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…
DetailsIn addition to the individual rankings, the firm as a whole received 18 rankings six of which were nationwide, with the remaining dozen spread across seven U.S. states. Tier 1 rankings in New Jersey, Pennsylvania Reed Smiths strongest suits overall were M&A and Restructuring and insolvency, followed by Banking. The firm received Tier 1 rankings…
DetailsMore than 20 armed men stormed the head office of a bankrupt oil producer in East Siberia last week in the latest twist in a battle for control over a lucrative export project. Two videos distributed on Russian social media showed a group of armed men allegedly landing at the site by helicopter, searching and…
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