Sydney MSP Forum Group is up for sale after the companys bank Westpac filed a lawsuit against founder Bill Papas. On 2 July, Reuters reported that the bank had launched a lawsuit against Papas to recover the $285 million it alleges was stolen by Papas who is reported to be living in Greece, according toThe…
DetailsA 2020 decision of Mr Justice Harris concerned FDG Electric Vehicles Limited (the Company), a company which has been put into provisional liquidation in Bermuda, where it was incorporated. The Joint and Several Provisional Liquidators (the Provisional Liquidators) applied to the Hong Kong court for an order of recognition and assistance (the Application). In considering…
DetailsAn anti-Zionist activist who lost a libel case after being labelled a notorious antisemite has now been declared bankrupt. Tony Greenstein had been ordered to pay Campaign Against Antisemitism more than 81,000 after he unsuccessfully sued for libel, and lost a subsequent appeal. Judges in the original case had held that CAA were entitled to…
DetailsNo explanation The Mohegan Sun casino in Connecticut has dropped its lawsuit against Ottawa Senators owner Eugene Melnyk relating to an alleged $900,000 gambling debt. The plaintiff claimed that the pharmaceutical billionaire and NHL team owner had $900,000 in unpaid casino markers from his visit to the casino resort over St. Patricks Day weekend in…
DetailsForms ELGi Compressors Southern Europe to promote sales in Italy Elgi Equipments announced that its step down subsidiary in Europe, Rotair Spa. has formed a wholly owned Subsidiary Company in Europe by name ELGI COMPRESSORS SOUTHERN EUROPE, SRL. in Italy. The Italian sales promoting activities of the Electric Powered Screw Air Compressors business of Rotair,…
DetailsFor company restructuring in Vietnam, businesses must strategize based on which options will bolster their operational sustainability and facilitate company preparedness and agility, factors that are essential during periods of crises like the pandemic. Businesses looking to benefit from Vietnams economic growth and rebound may consider how their corporate strategy could be optimized through restructuring…
DetailsAsian cruise operator Genting Hong Kong (GHK) has completed one of the largest restructuring deals in the… Asian cruise operator Genting Hong Kong (GHK) has completed one of the largest restructuring deals in the Asian travel sector to date. Linklaters acted for GHK on restructuring circa USD 3.5 billion of financial debt and a recapitalisation…
DetailsCorporate restructuring firm Mackay Goodwin confirmed it had been appointed as administrators for the Forum Group of companies last week and had been undertaking investigations into the viability for the continued trading of various business units within the group, which employed 200 staff. Westpac commenced proceedings in the Federal Court last month against Forum Group…
DetailsThe National Health Co-op at Coombs. Photo: File. The failure of the National Health Co-operative was greeted with widespread dismay when accountants Slaven Torline made the announcement in June that it had entered voluntary administration. But now the Co-ops founding chair says members deserve a full explanation from the board, accusing directors of keeping them…
DetailsWhich company did Aleksander Lukashenko, Europes last dictator of Belarus who tortured his own people, including women and children, call to launder his reputation? Which company did Asma al-Assad, wife of Syrias brutal dictator who systematically incarcerated, tortured and summarily executed his opponents, hire to clean up her image? Which company did the Bahraini government…
Details