A European Court trial could decide whether authorities in the union can help Denmark to collect outstanding student loans from EU citizens. But the issue remains complicated. Though increasing numbers of EU citizens are drawing Danish state student loans, (statens uddannelsesstøtteslån or SU-lån in Danish), the Copenhagen government remains unable to determine whether debts…
DetailsConstruction company involved in government projects including HS2 collapses as last-ditch talks with lenders fail Carillion has gone into liquidation. Photograph: Tolga Akmen/AFP/Getty Images The construction firm Carillion, which is involved in a host of major government projects such as HS2 as well as vital public services including school dinners, has gone into compulsory liquidation,…
DetailsNews Jesica Fino 15 Jan 2018 08:30am The value of fraud in the UK has risen by 538% in the last 15 years, reaching a total of £2.11bn in 2017, according to BDO … Read the full article at: http://economia.icaew.com/en/news/january-2018/value-of-uk-fraud-hits-15-year-high
DetailsFormer Gemfields CEO Ian Harebottle joins Kropz SA, the South Africa based plant nutrient company and miner of fertiliser feed materials, as Group CEO on 28 March 2018. Harebottle has over 17 years experience in the mining sector and was CEO of AIM-quoted Gemfields from February 2009 until its acquisition by Pallinghurst Resources…
Details(Adds new items) Jan 15 (Reuters) – British construction and services company Carillion collapsed on Monday when banks refused to lend it any more money, throwing hundreds of major projects in doubt and bringing down one of the governments most important suppliers. Carillions shares had lost more than 90 percent of their value since a…
DetailsCarillion, one of the UK’s largest construction companies, now faces being wound up. Its collapse through an application for compulsory liquidation means the company will eventually be dissolved, with creditors sharing any money from the sale of its assets. The decision to effectively declare itself bust leaves 43,000 jobs worldwide hanging in the balance though…
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DEBT-laden Australians admit to burying their head in the sand to avoid facing the reality of paying back large sums of money owed. While many shoppers have arrived in 2018 with a whopping credit card debt in tow, new data from debt solutions agency Fox Symes has revealed one in four desperate consumers admit they…
DetailsImage copyright Getty Images Charities helping people in debt have said they are bracing themselves for their busiest year as people begin receiving their post-Christmas credit card and store card bills. Blue Monday, as it is known to debt advisors, traditionally sees a rise in the number of people asking for help. Community Money Advice…
DetailsWritten by Kate McDonald on 15 January 2018. Sydney-headquartered health informatics firm and EHR vendor Ocean Health Systems will continue to operate on a business as usual basis despite entering voluntary administration last week, with hopes the company can be restructured and work through its financial problems. Administrator Peter Krejci from insolvency and business recovery…
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