There are calls to ban the use of credit cards in online betting platforms over fears they are causing irreparable financial harm. Australian senators have heard impassioned pleas by financial counsellors and gambling reform groups to ban the use of credit cards for online betting. The use of credit cards for online wagering platforms like…
Details10 September 2021 Consultancy.uk 3 min. read PwC has enhanced its business restructuring services with the appointment of Rob Asplin as a Senior Advisor. The Head of the department, Steve Russell, praised a great addition to the team, demonstrating PwCs continued investment in the sector. Asplin arrives with more than two decades of expertise in…
DetailsThe attempt to rescue and relaunch Jet Airways (JAI, Mumbai Int’l) is likely to be prolonged, or even jeopardised, as the airline faces fresh litigation. Meanwhile, Dutch administrators have sold one of the carrier’s Boeing widebodies for USD9 million, a monitoring committee official revealed. While the consortium behind the attempted relaunch comprising Murari Lal Jalan,…
Details(Source: 3TV/CBS 5) PHOENIX (3TV/CBS 5) — While many people are excited that sports betting is now legal in Arizona, others say there is a dark side to expanding gambling in our state. “When I first started, it was fun,” recovering gambler Steve Feinberg said. He got hooked at just 15. “I was an active…
DetailsA man holds a petrol nozzle in a petrol pump in Kolkata, India, 03 July, 2021. Indranil Aditya | NurPhoto | Getty Images DETROIT Ford Motor is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as CEO Jim Farley restructures the automaker’s operations as part of…
DetailsARDSLEY, N.Y.–(BUSINESS WIRE)–Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced a corporate restructuring to reduce costs and more closely align operating expenses with expected revenue. The Company also announced changes to its management team. Corporate Restructuring As a result of the restructuring, the Company is reducing headcount by 15%. Most of the reduction in personnel will…
DetailsPoliticians and academics are turning their attention to a new trade pitch for South Africa: debt relief in exchange for progress toward global climate goals. The debt-for-climate concept, which was floated by International Monetary Fund MD Kristalina Georgieva in April, has been picked up by South African Deputy Finance Minister David Masondo and the South…
DetailsLaw360, London (September 9, 2021, 12:03 PM BST) — The government said on Thursday that it will end in October a COVID-19 relief measure that protects companies from enforcement action by creditors but will bring into play targeted measures to support small businesses seeking to get back on their feet after the pandemic. The Insolvency…
DetailsIntroduction The Insolvency and Bankruptcy Code 2016 (IBC) was enacted with a view to consolidate and amend the laws governing insolvency and reorganization of private companies, partnership firms and individuals in a time bound manner. The IBC sought to replace the void left by the Sick Industrial Companies Act 1985 (repealed in 2003) which was…
DetailsPwC has further enhanced its business restructuring services (BRS) with the appointment of Rob Asplin as a senior adviser. Asplin brings two decades of expertise in the restructuring and private equity sectors, specialising in protecting and creating value in turnaround situations. His appointment at PwC will have a particular focus on working with private equity-backed…
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