news, latest-news, Ben Ismay, Shaw Gidley, insolvency, business, economy, 2020, Port Macquarie Figures show a plunge in company insolvencies across the country in April and May despite the coronavirus-fuelled hit to the economy. The trend is forecast to continue, particularly until the end of September when the JobKeeper wage subsidy is wound back. Shaw Gidley…
DetailsExperts warn that the additional relief provided to directors grappling with unprecedented business conditions could have unintended consequences. At a glance New legislation has provided struggling companies some relief from liability should they become insolvent. The legislation is applicable until 25 September, and it has helped guard companies during adverse business conditions. However, there are…
DetailsAUSTIN, Texas–(BUSINESS WIRE)–Mood Media, the worlds leading on-premise and connected media solutions company dedicated to elevating the Customer Experience, today announced that it has taken the next step to implement the prepackaged financial restructuring plan that will reduce the Companys debt by approximately $404 million. The transaction provides the Company with the financial flexibility necessary…
DetailsThe major bank is cracking down on unlicensed debt management companies, revealing that it will no longer deal with them. NAB has announced that it will no longer deal with unlicensed, fee-charging debt management providers in a bid to help protect customers from potentially being placed in a worse position financially and help give them…
DetailsThe case was interesting for many reasons. The Star Entertainment Group sued a gambler on behalf of The Star Gold Coast Casino in Queensland for more than $43 million. It was a massive case of a casino versus a high-stakes baccarat player. When it went in front of the Singapore International Commercial Court last year,…
DetailsThe Government has promised to review gambling legislation but patience is running out amid worries that the industry could be used for money laundering. A boom in online and mobile gaming has seen licensed gambling grow by 57 percent in a decade fuelling worries about the human cost. Related articles Betting companies in Great Britain…
DetailsSNC-Lavalin Group Inc. is restructuring its money-losing resources business with a plan to sell off or shut down the non-profitable parts and fold the remnants into its engineering services division. The announcement Friday came alongside earnings that fell short of analysts expectations as the engineering giant lost $111.6 million in the second quarter compared to…
DetailsPaying off your debt can seem like an obstacle you don’t even know how to start climbing over. While millions of Americans carry some form of debt whether fromcredit cards, medical bills or student loans it could be that a simple mindset shift is all you need to get rid of it for good. “It’s…
DetailsMONTREAL SNC-Lavalin Group Inc. is restructuring its money-losing resources business with a plan to sell off or shut down the non-profitable parts and fold the remnants into its engineering services division. The announcement Friday came alongside earnings that fell short of analysts’ expectations as the engineering giantlost $111.6 million in the second quarter compared to$2.12…
DetailsSO PAULO, BRAZIL Biorigin on July 29 announced a restructuring of its feed business sector. Alessandro Lima, with the company since 2019, is now Biorigins global feed business manager. Lima has more than 20 years of experience in multinational animal health companies, where he worked in marketing, product and sales management. Claudia Mnaco has recently…
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