Boris Becker has been charged with concealing trophies and medals won during his illustrious tennis career, including two from his three Wimbledon singles victories, from bankruptcy trustees. Appearing at Southwark crown court in London on Thursday, Becker, already facing 19 existing charges relating to a failure to comply with legal obligations to disclose information, was…
DetailsThroughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 40 bankruptcies in week 42, 6 fewer than in week 41. In addition, 6 sole proprietorships were declared bankrupt, the…
DetailsExecutive Summary On 8 October 2020, the UK Government’s Insolvency Service issued a report on the state of pre-pack sales following the administration of insolvent UK companies (Pre-Pack Sales) and published draft regulations to require enhanced scrutiny of Pre-Pack Sales to connected parties during the administration process (the Draft Regulations). If the Draft Regulations are…
DetailsOfficials from the Communication Workers Union (CWU) and the Communications Electrical Plumbing Union (CEPU) are attempting to stifle mounting opposition to a pro-business restructure at Australia Post (AP), which threatens thousands of jobs and is already sharply increasing workloads. In recent weeks, Shane Murphy, the national president of the CEPUs communications division, has held meetings…
DetailsIndustrialist Pramod Mittal, who reportedly spent 60 million Euros (about Rs 505 crore) on his daughter’s wedding, has claimed that he owes 2.5 billion pounds. This would make the steel tycoon, the younger brother of UK-based steel magnate Lakshmi Mittal, Britain’s biggest bankrupt. Mittal, 64, was declared bankrupt this summer by the Insolvency and Companies…
DetailsYou have been the victim of a deliberate violent offence in the European Union (EU), but the offender cannot compensate you? Did you know that you can obtain compensation from the State for the injuries you have suffered[1]? In the Grand-Duchy, the Law of 12 March 1984 regulates the national scheme compensation. How does it…
DetailsNew Zealand Super Rugby franchises the Crusaders and the Hurricanes have won their bid to have the company behind Ticket Rocket liquidated. As reported by the Stuff website, Fortress Information Systems Ltd which traded as Ticket Rocket, was not represented in the High Court of Dunedin this morning. Lawyers acting on behalf of the Hurricanes…
Details“We recommend opening up the restructuring practitioner role for small businesses beyond the domain held by registered liquidators. “It has gone so far as to recommend that the best people to help restructure a small business are likely to be senior accountants and even lawyers particularly in suburban and regional Australia who are closest to…
DetailsGOVERNMENTS IN MANY poor countries have faced a sickening choice this year, between spending to support their populations through the covid-19 crisis and paying creditors. On October 14th finance ministers of the G20 group of countries offered a temporary salve for 73 of the worlds neediest countries, by saying they would extend their Debt Service…
DetailsThe company was directed by Canadian businessman Matthew Davey out of Dunedin but he is understood to have returned to Canada. Photo by Peter McIntosh. The embattled company behind Ticket Rocket is now in liquidation, owing nearly $350,000 to two Super Rugby franchises. Fortress Information Systems Ltd was called before the High Court at Dunedin…
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