Samson Oil & Gas Limited to Commence Voluntary Administration – Press Release – Digital Journal

DENVER, CO / ACCESSWIRE / September 2, 2020 / Samson Oil & Gas Limited(“Samson” or the “Company”) advises that the Company’s Board of Directors has approved the appointment of Adams Paul Nikitins and Samuel John Freeman of EY, Level 23 Exhibition Street, Melbourne VIC 3000 as joint and several administrators (the “Administrators”) of the Company.…

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Stephen Starr Restaurant Declares Bankruptcy, But He Says No Big Deal – Philadelphia magazine

News Philly’s most successful dining mogul insists the brand is still strong. And I’m inclined to believe him. Get a compelling long read and must-have lifestyle tips in your inbox every Sunday morning great with coffee! Stephen Starr, who just declared bankruptcy on one of his restaurants, and daughter Sarah Starr, who works for his…

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Transforming debt restructuring in the Netherlands – International Tax Review

A thorough debt restructuring process awaits several Dutch companies As the economic downturn ensues, more companies are struggling to meet their financial obligations whilst lenders are seeking alternatives to secure their outstanding financial claims. In this article, the authors will reiterate some of the recent short-term Dutch tax measures to improve tax liquidity, which may…

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BoT adds debt restructure option – Bangkok Post

The Bank of Thailand is allowing unsecured loan borrowers to use collateral stemming from mortgage loans for debt restructuring through debt consolidation, with lower interest rates charged. The central bank has introduced an optional debt relief measure for consumer finance products as a debt consolidation method. Borrowers who have good debt-servicing ability for housing loans…

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China’s cash flow restrictions maintain triad influence in junket operations – Steve Vickers – Macau Business

While testifying for an NSW Independent Liquor and Gaming Authoritys probity inquiry into Australian gaming operator Crown Resorts, security expert Steve Vickers stated Chinese anti-gambling laws and limits on cash flows out of the country meant it was impossible to keep triads out of the junket industry. Australian authorities are currently carrying out a public…

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Number of corporate insolvency resolution processes admitted by NCLT down 83% during Apr-June – Economic Times

The number of corporate insolvency resolution processes (CIRPs) admitted by the National Company Law Tribunal (NCLT) dropped by a massive 83% during the April-June quarter on a sequential basis. While 435 cases were admitted in the final quarter of the last fiscal, only 76 cases were admitted during the first quarter of the current fiscal,…

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Liquidation grace period extension likely – Inside Retail

Rules designed to save thousands of companies from going into administration during the coronavirus pandemic arelikelyto be extended. The insolvencygraceperiodis set to expire in less than 30 days. But as Australia suffers its worst economic contraction since the 1930s, plunging the country deep into recession, Treasurer Josh Frydenberg is rethinking the deadline. They were temporary…

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