Under normal circumstances, directors have a strict duty to cease trading if their company is facing insolvency and may face financial or legal liabilities if they seek finance instead of doing so. In June, the government introduced emergency coronavirus legislation to suspend the threat of liability for such ‘wrongful trading’. This protection runs out on…
DetailsA Brisbane special effects company which worked on Hollywood blockbusters, including Peter Jackson’s King Kong, has gone into liquidation. SLB Media, trading as Steve Boyle Studios, collapsed this week owing $55,873 to four creditors following a major downturn in the film industry. Company owner Steve Boyle, a long-time employee of the film industry, worked on…
DetailsDatuk Shabudin Yahaya said a total of 945 youths were declared bankrupt between January and July this year. Bernama pic KUALA LUMPUR, Sept 10 A total of 945 youths, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Ministers Department, Datuk Shabudin Yahaya.…
DetailsReports in the British media have indicated that Big Four firm Deloitte has commenced secret talks mooting the sale of its UK restructuring division, even as the coronavirus pandemic looks set to see its profitability surge. The news comes shortly after Deloitte announced thousands of job cuts across its international organisation, as it looks to…
DetailsSeven West Media (SWM) is restructuring itscorporate affairs and publicity function, bringing in consultants and cutting from the top. GoingisJulia Lefort, the director of corporate affairs and publicity. Shoebridge Knowles Media Group, founded byNeil Shoebridge, a formerdirector of corporate and public communications at Network Ten, has been appointed as a consultant. The brief is to…
DetailsSmall businesses suffering financial hardship as a result of COVID-19 will have temporary insolvency and bankruptcy protections in place until the end of the year. The federal government has extended temporary insolvency and bankruptcy protections until 31 December 2020. The law is helping reduce the threat of creditors taking action against small businesses. It is…
DetailsCHICAGO (WBBM NEWSRADIO) —A 79-year-old man allegedly shot and killed someone he knew for decades over a gambling debt, then called 911 after firing the shots. Willie Dunmore is charged with first-degree murder, Chicago police said. He wasordered held without bail Saturday, according to Cook County prosecutors. James Kelley, 72, who went to demand money…
DetailsUnder Armour Inc. UAA, -3.28% UA, -3.90% stock fell nearly 3% in Wednesday trading after the athletic company announced an updated restructuring plan that includes higher charges. After further review, the Company has identified further opportunities and on September 2, 2020, the Companys Board of Directors approved a $75 million increase to the restructuring plan,…
DetailsSeven West Media is restructuring itscorporate affairs and publicity function, bringing in consultants and cutting from the top. The first to go isJulia Lefort, the director of corporate affairs and publicity. Shoebridge Knowles Media Group, founded byNeil Shoebridge, a formerdirector of corporate and public communications at Network Ten, has been appointed as a consultant. The…
DetailsLondon In Kenya, the coronavirus pandemic has dried up ecotourism, cutting off sources of funding that help protect wildlife and pay an income to communities working to preserve nature. But forgiving a share of Kenyas hefty foreign debt, in exchange for the government devoting those resources to fighting climate change threats and biodiversity loss, could…
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