Global law firm Hogan Lovells has advised an ad hoc group of 2026 noteholders of Naftogaz, the largest state-owned national oil and gas company of Ukraine, on the amendment and extension of its US$500 million 7.625% 2026 Eurobonds. Naftogaz has been heavily impacted by the ongoing conflict in Ukraine resulting in the default of its…
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DetailsMost significant increases in insolvencies registered in Algarve, Leiria and Vila Real Insolvencies increased by more than 23% in July compared to the same period in 2022, confirming the upward trend since May, and company incorporations fell by 9%, according to data from Iberinform, released today. July has a total of 286 insolvencies, 54 more…
DetailsThe iconic Hampton Bowls and Community Club in southeast Melbourne has gone into voluntary administration, as members try to raise $150,000 to save it and they plan to do so without pokies. Hampton Bowls, which is the largest bowls club in Bayside, made the call a few years ago to abandon pokie machines and pursue…
DetailsBusiness News Industry People Live Business By Chris Cooke | Published on Monday 7 August 2023 A spokesperson for ticketing firm Dice last week confirmed that a recent restructuring of the business led to a number of redundancies. It followed a report by Resident Advisor, which cited sources close to the company as saying that…
DetailsAt his lowest point, his life utterly ruined by problem gambling, Mark Potter (above) found himself sitting on a train station bridge moments away from jumping. A little more than 10 years after receiving treatment, the former professional rugby player is hoping his harrowing personal story of problem gambling fuelled by the same competitive nature…
DetailsMOSCOW Russias economy has not shrunk to the point some Western governments and experts predicted following the countrys invasion of Ukraine. Indeed, since Feb. 24, 2022, the more than 11,000 added restrictions aimed at pressuring the Russian government have not delivered as much hell as originally expected, according to a report released a year later…
DetailsStepChange Debt Charity is pleased to see the Insolvency Service update today, following its call for evidence on the personal insolvency framework, and its commitments to reform this sector. Responding to the Government response, Vikki Brownridge, CEO at StepChange Debt Charity, said: We welcome the Insolvency Services response today on reforming the UKs personal insolvency…
DetailsThe Australian Securities and Investments Commission (ASIC) took action against Probis Financial Services Pty Ltd today (Monday), suspending its Australian financial services (AFS) license. This move came after Probis opted for voluntary administration in mid-July. Get up to 12 months for Free on 50+ Alibaba Cloud Products and Solutions! Enjoy 50% more budget-friendly with cutting-edge…
DetailsASIC has suspended the Australian financial services (AFS) licence of Probis Financial Services Pty Ltd (Probis) after it was placed into voluntary administration on 17 July 2023. The suspension includes a provision that requires Probis to continue as a member of Australian Financial Complaints Authority, with arrangements for compensating retail clients in place until the…
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