‘I take 100pc responsibility for it’ – former rugby star Frankie Sheahan insists he holds no grudges over high … – Independent.ie

Bankruptcy

Former rugby star Frankie Sheahan in his playing days Photo: ©INPHO/Billy Stickland ‘I take 100pc responsibility for it’ – former rugby star Frankie Sheahan insists he holds no grudges over high profile bankruptcy Independent.ie FORMER Ireland and Munster rugby star Frankie Sheahan insisted he holds no grudges over his high-profile bankruptcy. https://www.independent.ie/incoming/i-take-100pc-responsibility-for-it-former-rugby-star-frankie-sheahan-insists-he-holds-no-grudges-over-high-profile-bankruptcy-36833523.html https://www.independent.ie/incoming/article35585539.ece/ca3ff/AUTOCROP/h342/bus1main.jpg Email FORMER…

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Insolvency Litigation, High Stakes, Big Battles, Hair Cuts and Head Cuts – Live Law

Bankruptcy

The Insolvency and Bankruptcy Code is slowly evolving and coming of age through hundreds of petitions being instituted in various Benches of the National Company Law Tribunal (NCLT). When the stakes involved are of thousands of crores of rupees, the competition among stakeholders becomes intense; few crores get spend on lawyers fees, every single day.…

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Resolution Of Stressed Assets Revised Framework – BW Businessworld

Liquidation

Recently, the Reserve Bank of India (RBI) introduced the ‘Resolution of Stressed Assets – Revised Framework’, replacing the regime of voluntary restructuring for Indian banks. Since restructuring had become the default go-to option for banks and defaulting borrowers, this move, which puts banks under very stringent disclosure and deadline schedules, has created a significant stir…

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Myer appoints former House of Fraser chief John King as CEO – The Australian Financial Review

Restructuring

Embattled department store chain Myer has hired a senior British department store retailer, former House of Fraser chief executive John King, as its new chief executive. Mr King, 55, takes the helm from Richard Umbers, who was forced to step down with immediate effect in February after unveiling Myer’s third profit downgrade in less than a…

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FMA seeks liquidation of Forestlands companies – Stuff.co.nz

Liquidation

TONY BENNY/STUFF Forestland companies are headed for liquidation. The Financial Markets Authority has applied to the High Court to place 18 Forestlands companies into liquidation because it has no faith in the company’s director to look after the interests of shareholders. For the past year the Serious Fraud Office and FMA have been investigating Motueka-based Forestlands after…

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ArcelorMittal, Nu Metal may fail eligibility test for Essar – Financial Chronicle (press release) (blog)

Bankruptcy

The resolution process for Essar Steel may undergo another round of bidding with sources indicating that both ArcelorMittal and Nu Metal could fail the eligibility test again after reconsideration of their applications by the committee of creditors (CoC) under the directions of Ahmedabad bench of National Company Law Tribunal (NCLT). Worlds largest steel maker ArcelorMittal…

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Drug ring linked to Ireland’s Kinahan cartel uncovered in Australia – The Canberra Times

Gambling

A sophisticated drug trafficking operation between Ireland and Australia has been uncovered after a two-year transnational investigation into an established Irish drug cartel, which has led to the arrest of at least four Irish nationals in Australia and New Zealand. The alleged drug ring is said to be linked to one of Ireland’s most prominent…

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How Sydney woman Dominique Grubisa went from riches to rags to riches again in just three years – NEWS.com.au

Debt Help

BEFORE the GFC hit, Sydney parents Dominique and Kevin Grubisa were living it up with a thriving, seven-figure business renovating and selling property. But in 2008, everything fell apart. The couple had around 15 properties at the time, and were drowning in tens of millions of dollars in debt. Bosss shocking 12.30am email Awkward problem…

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