Oral argument has been ordered in a case where the Michigan Court of Appeals held that the one-year statute of limitations period in MCL 500.3145(1) does not apply to the Michigan Property & Casualty Guaranty Association, or MPCGA, when it is pursuing benefits under the no-fault act. In Childers v. Progressive Marathon Insurance Company (MiLW…
DetailsTravel agents are planning to boycott Go First if it restarts operations without providing clarity on refunds and credit shells even as travellers who had booked in its cancelled flights see no end in sight to their wait for refunds. Individual customers are going to get caught in this (process of getting back their money)…
DetailsThe CEO of Light & Wonder says recent moves by the company to significantly reduce debt and deleverage has the global gaming giant well positioned to achieve its goal of US$1.4 billion in Adjusted EBITDA by 2025. Matt Wilson, who took over the top job at Light & Wonder in September, told CommSecTV a media…
DetailsGlobal law firm Clyde & Co has today announced the hire of 13 lawyers in its global Corporate & Advisory practice, including partners Nora Al Muhamad, Darren Harris, and Alan Wood. Nora Al Muhamad is a corporate lawyer with more than 14 years of experience in the Middle East. She focuses on family businesses and…
DetailsIn short: Convicted paedophile John Wayne Millwood has given evidence in the Federal Court about why he transferred assets into relatives’ names and sold shares in his companies. What’s next: His victim received a multi-million dollar civil payout but is yet to receive any money and is pursuing the matter after Millwood declared himself bankrupt Convicted…
DetailsAccording to latest government figures, gambling is considered to be at risk level for just under 4% of the UK population, and it is estimated that 0.5% have a problem with gambling. This has a devastating impact on addicts finances, relationships, and mental health, as well on the lives of those around them. The government…
DetailsGo First executives have informed the Directorate General of Civil Aviation (DGCA) that the airline is prepared to operate 152 daily flights once it resumes its operations. Mint could not confirm the news developments independently. As reported by Business Standard, the airline, currently being managed by insolvency resolution professional Abhilash Lal, has been non-operational since…
DetailsSpotify (SPOT) announced on Monday that it is eliminating 200 jobs, or 2% of its workforce, within its podcast division. In a blog post, the company said the layoffs come amid “the next phase of our podcast strategy” as it looks to “[expand] our partnership efforts with leading podcasters from across the globe with a…
DetailsBy Anna Scott Farrell June 5, 2023, 4:57 PM EDT The government should be allowed to collect more than $14 million in tax debt from an aircraft trader who claimed $12 million in fictitious deductions and then declared bankruptcy, the U.S…. To view the full article, register now. Read the full article at: https://www.law360.com/tax-authority/articles/1684765/bankrupt-aircraft-trader-can-t-shield-14m-in-tax-us-says
DetailsThe NCLT on June 5 directed the IRP of Go First to file a reply within one week over the petitions filed by three lessors seeking possession of their aircraft and engines from the Wadia group firm, which is currently going through the Corporate Insolvency Resolution Process (CIRP). A two-member NCLT bench directed the IRP…
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