Katie Price is set to be questioned in court over her finances after declaring bankruptcy four years ago (Picture: Hogan Media Ltd/Shutterstock) Katie Price is to face questioning in court over her finances. A judge confirmed on Friday that the former glamour model would be questioned on the subject, after she first declared bankruptcy in…
DetailsKatie Price was declared bankrupt (Aaron Chown/PA) (PA Wire) Katie Price is to face questioning over her finances in court, a judge has said. The former glamour model was declared bankrupt in November 2019 and is facing further proceedings. During a short hearing at a specialist insolvency and companies court on Friday where Ms Price…
DetailsPosted on: July 7, 2023, 07:40h. Last updated on: July 7, 2023, 07:40h. Erik Gibbs Read More Star Entertainment, still trying to recover from a series of embarrassingly poor executive decisions that lasted for years, could be facing a new issue. It appears that investors are becoming increasingly concerned about the Australian casino operators future,…
Details8VI Holdings Limited announced the commencement of a comprehensive corporate restructuring initiative as part of measures aimed at securing long-term survival and sustainability of the Group. While a series of intervention had been implemented before this current financial year, the Group experienced greater than anticipated headwinds within the first quarter of FY2024, prompting further strategic…
DetailsBusinessWire India Mumbai (Maharashtra)/ New Delhi [India], July 7: Cyril Amarchand Mangaldas advised and represented JSW Steel Coated Products Limited (JSW Steel Coated Products) in connection with the submission and implementation of a resolution plan for National Steel & Agro Industries Limited (“Target Company” or “Corporate Debtor”), a company undergoing corporate insolvency resolution process under…
DetailsUnderstandably the focus of corporate transactions, restructures and insolvencies tends to be big ticket issues such as finance, tax and assets. Immigration considerations are often overlooked, potentially resulting in hidden risks and headaches for those involved. In this article, we look at the implications of such scenarios in two key compliance areas: sponsor licences and…
DetailsIn a recent case involving PT Garuda, the national airline of Indonesia, the New South Wales Court of Appeal dismissed an appeal by two creditors seeking to wind-up the airline, concluding that PT Garuda enjoyed immunity under the Foreign States Immunities Act 1985 (Cth). Key takeaways Foreign companies that are separate entities of a foreign…
DetailsDelays in developing an enhanced framework for sovereign debt restructuring are preventing distressed countries from ensuring sustainable sovereign debt stocks and regaining access to international capital markets, leaving their sovereign credit ratings in default or near a default grade for longer periods. This adds to the human costs of default, contributing to risk of a…
DetailsCash-strapped budget carrier Go First is all set to challenge the Delhi High Court’s ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, reported PTI citing the grounded airline’s resolution professional. Go First stopped flying on 3 May and…
DetailsThursday, July 6, 2023 Its now level pegging for HMRC on cram down twice it has been crammed down, and twice it has not. In the most recent restructuring plan proposed by Prezzo, the court sanctioned the companys restructuring plan and crammed down HMRC as both preferential and unsecured creditor. Unlike Housts restructuring plan,…
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