OTTAWA Innovation Minister Navdeep Bains says the federal government will consider legislation to protect employees pensions when a company goes bankrupt. While theres no plan for the government to introduce legislation at the moment, he says it will carefully examine two different private members bills on the subject, put forward by a New Democrat MP…
DetailsSome debt-ridden NRL players have found themselves in so deep that they owe more money in gambling repayments than their massive contracts are worth, the head of the NRL match fixing probe says. And although Strike Force Nuralda failed to uncover any truth to match rigging allegations relating to four NRL games in 2015 and…
DetailsThe crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up in an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media…
DetailsSome debt-ridden NRL players have found themselves in so deep that they owe more money in gambling repayments than their massive contracts are worth, the head of the NRL match fixing probe says. And although Strike Force Nuralda failed to uncover any truth to match rigging allegations relating to four NRL games in 2015 and…
DetailsOTTAWA Innovation Minister Navdeep Bains says the federal government will consider legislation to protect employees’ pensions when a company goes bankrupt. While there’s no plan for the government to introduce legislation at the moment, he says it will carefully examine two different private member’s bills on the subject, put forward by a New Democrat MP and a Bloc Quebecois…
DetailsLONDON (AP) Barclays says third-quarter earnings rose 32 percent as the London-based bank reported its first results since completing a post-financial crisis restructuring. Pre-tax profit increased to 1.11 billion pounds ($1.47 billion) from 837 million pounds. The bank, which shed riskier assets and sold its African business to focus on Britain and North America, said…
Details* Q3 net profit rises to 649 mln eur vs 278 mln eur * Revenue down 10 pct, prospects for Q4 muted * Bond trading revenue down 36, equities down 16 pct * Costs down 13.5 pct y-o-y on lower restructuring, litigation * Shares down 1.6 percent (Adds shares, analyst comment) By Tom Sims and…
DetailsThe clarification came as some stakeholders drew attention to Section 30(2)(e) of the IBC, which directs resolution professionals to ensure any such insolvency resolution plan does not contravene any of the provisions of the law for the time being in force. (Reuters) The Insolvency and Bankruptcy Code (IBC), 2016, isnt in conflict with the Companies…
DetailsApproximately $995,000 worth of debts was uncovered after the first creditors meeting of Adelaide-based distributor, BMS Technology. BMS Technology entered into voluntary administration on 10 October, with Peter Ivan Macks and Ian Wayne Burford from Macks Advisory being appointed administrators. The first meeting of creditors, which was held on 19 October, revealed that BMS entered…
DetailsProblem gambling and family violence are terrible twins. Like most twins they have common features loss of control, secrecy, denial, tolerance of the problem despite adverse consequences, minimisation and harm to the entire family. In the Hunter, 2.6 per cent of the adult population demonstrate problem or moderate risk gambling behaviour, and a staggering 14.7…
Details