The proposed restructuring of Telstra is an exciting new challenge for the company. It will now all depend on the direction the execution will take. This is the thirdsignificant opportunity for Telstra to reinvent itself. The first time was in the late 1990s when the digital companies started to enter the market. At that time…
DetailsStaff at Debenhams are facing an uncertain future today, after the company confirmed it had started the liquidation process. If completed, that would see the 242-year-old department store cease to exist, with all branches closed and 12,000 jobs lost. As things stand, administrators are still looking for offers “for all or parts of the business”,…
DetailsPUTRAJAYA (Dec 1): A company in the midst of being wound up can still receive damages for defamation as vindication of its reputation and to avoid further disrespect which it may have suffered due to defamatory words published, a senior lawyer told the Federal Court today. Tan Sri Cecil Abraham, who appeared for Raub Australian…
DetailsAustralia will ‘never recover from debt if we don’t make people accountable for their money’ | Sky News Australia The best award-winning journalists with unique and exclusive insights. Real news, honest views. Warning – there was an unexpected script error. Application may not work as expected. Warning – assets failed to load. Application may not…
DetailsArcadia’s administration would be the UK’s highest-profile retail insolvency in a sector that has already lost more than 125,000 roles in the country since January. It would also mark a stratospheric fall from grace for Sir Philip, who was once dubbed “King of the High Street”. Arcadia would follow Debenhams, the struggling department-store retailer, which…
DetailsDUBAI: Dubai builder Arabtec Holding is asking shareholders to reverse a decision made in September to proceed with a bankruptcy and liquidation filing, according to a bourse filing on Monday. Instead, the troubled builder is asking shareholders, scheduled to meet at a general assembly meeting on Monday, to approve the continuity and restructure the company,…
DetailsIt was the kind of news that should have spelt big trouble for James Packer’s Crown casino empire. In September 2014, Four Corners revealed Crown’s joint venture in Macau, Melco Crown, was bringing in high rollers from mainland China using junket operators with links to organised crime triad gangs notorious for laundering drug money and…
DetailsIt was the kind of news that should have spelt big trouble for James Packer’s Crown casino empire. In September 2014, Four Corners revealed Crown’s joint venture in Macau, Melco Crown, was bringing in high rollers from mainland China using junket operators with links to organised crime triad gangs notorious for laundering drug money and…
DetailsWritten by Aashish Aryan , Edited by Explained Desk | New Delhi | Updated: November 2, 2020 6:52:26 pm The Supreme Court on Friday transferred to itself all the petitions challenging the Insolvency and Bankruptcy Code (IBC) provisions relating to initiation of insolvency proceedings against personal guarantors. The Supreme Court on Friday transferred to itself…
DetailsObserve these dos and donts when using a Debt Consolidation Plan (DCP) to manageoverwhelming credit card debt. When debt coming from multiple credit cards becomes too much to handle, a Debt Consolidation Plan (DCP) can help rebuild your financial life. Weve explained how a DCP works in Singapore. In a nutshell, it combines all your…
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