A few years ago you finished high school and diligently headed straight to university where you took advantage of the Higher Education Loan Program (HELP). Once uni was over, you took a job and worked hard for a few years, but the lure of overseas work called. Or perhaps, you were an apprentice and took…
DetailsChristo Wieses dramatic R59bn claim against Steinhoff will give him a seat at the table when the restructuring of the ailing group is negotiated. Ironically, the transactions that form the basis of Wieses legal claim were severely criticised at the time because of potential conflicts of interest that favoured him over other Steinhoff shareholders. Experts…
DetailsThe nation’s biggest mortgage lenders are boosting controls over brokers amid growing regulatory and political pressure to tighten commission payments, boost transparency and responsibility to borrowers. Bankwest, which is owned by Commonwealth Bank of Australia, the nation’s largest lender, is reducing long-term trailing commissions, reintroducing a first-year commission and tightening payments on other commissions. Ian…
DetailsThe draft Insolvency Bill will replace three older laws to address corporate and personal insolvency in one legislation and will carve out a separate corporate rescue and insolvency regime for smaller businesses. Today, April 30, is the registration deadline for a publication consultation meeting on the Myanmar Insolvency Bill. A consultation meeting on the Insolvency Bill…
DetailsApril 29, 2018 Print this page With power comes responsibility. China is already a great power, not least as a lender for development, notably in support of President Xi Jinpings Belt and Road Initiative. Chinese institutions and multilateral bosies under its influence have become significant creditors of emerging and developing countries. This role can only…
DetailsFor Adhunik Metaliks, there are only two resolution applicants UK-based Liberty House and Maharashtra Seamless of the DP Jindal Group. In an attempt to get some additional time to arrive at a successful resolution plan in order to save Adhunik Metaliks from going into liquidation, its resolution professional is likely to move the NCLT on…
DetailsThe majority of adults will have to deal with managing their debt at some point in their lives. Accumulating owed funds will often see those same people turn to others for assistance in order to remain somewhat in control. Some will look into informal solutions to control their debt, in order to address the…
DetailsThe Department of Human Services overseeing Centrelink reports an error rate of about 2 per cent in administering payments. There are other, less flattering figures to report, not least that more than 55 million calls to the welfare agency met engaged tones last year. Human Services, regardless of any criticism it’s copped, says “robo-debt” has…
DetailsWritten by Khushboo Narayan | Mumbai | Updated: April 29, 2018 8:12:52 am I am not aware of the development, Vijay Agarwal, lawyer representing Nirav Modi, told The Sunday Express. An Antwerp-based firm owned by fugitive diamond jeweller Nirav Modi has been declared bankrupt by a commercial court in the northern Belgian city last month,…
DetailsRAY WHITE Queensland has rescinded their franchise agreement with Ray White Bargara after the local company went into liquidation. On Tuesday, a meeting of members of Bundaberg Stock and Property Pty Ltd resolved that the company be wound up and Christopher Richard Cook be appointed as liquidator. Chief executive officer of the Ray White Group…
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