Imagine you own a large private company that is struggling financially. It could perhaps be rescued if someone were prepared to inject the capital. But theres a big roadblock: it has a deficit-laden pension fund. Under British rules, there is only one way to ensure the rescuers cash doesnt all get devoured by the pension…
DetailsGambling Commission and Advertising Standards Agency have demanded the games be removed Kids cartoons and colour schemes used to entice people to play their games More than 450 online gambling sites received four-page letter to pull the games By Charlie Bayliss For Mailonline Published: 22:10 AEDT, 22 October 2017 | Updated: 22:15 AEDT, 22 October…
DetailsDebt agreements are the fastest growing form of personal insolvency in Australia. They were designed to offer debtors a low-cost way to make arrangements with their creditors, while avoiding bankruptcy and some of its more serious consequences. When introduced, law reformers intended that debt agreements should be administered by volunteers rather than by commercial administrators…
DetailsStayzillaTwitter National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by home-stay startup Stayzilla, against the insolvency process order by National Company Law Tribunal (NCLT). A three-member bench of SJ Mukhopadhaya, AIS Cheema and Balvinder Singh said that it did not find any merit in the company’s appeal and ordered dismissal, Business Standard reported. Earlier,…
DetailsThe Norwegian raider plotting a boardroom putsch at the owner of newspaper The Scotsman was declared bankrupt in Sweden more than a decade ago over an unpaid £1.5m tax bill. Christen Ager-Hanssen, who has built up a 12.6% stake in publisher Johnston Press, has been in a dispute with the Swedish taxman for nearly 20…
DetailsThe Norwegian raider plotting a boardroom putsch at the owner of newspaper The Scotsman was declared bankrupt in Sweden more than a decade ago over an unpaid £1.5m tax bill. Christen Ager-Hanssen, who has built up a 12.6% stake in publisher Johnston Press, has been in a dispute with the Swedish taxman for nearly 20…
DetailsA former bank hiring manager who robbed five North Side banks and was dubbed the North Center Bandit was sentenced Friday to almost 3-1/2 years in prison, authorities said. Gregor Zuercher, 39, of Chicago, who uses the first name Greg, was sentenced to 41 months in prison by U.S. District Court Judge Thomas Durkin, according…
DetailsTheresa May is under pressure to fulfil her pledge to give people struggling with debts breathing space from the bailiffs as figures show that half the British population are financially vulnerable. A cross-party group of peers, including a former Tory minister, is planning to bounce the prime minister into handing those in difficulty a grace…
DetailsWhenever two giant companies come together, you have to assume there are going to be some early headaches as the newly combined entity goes through the initial restructuring and builds a coherent long-term strategy. That seems to have been the case with Baker Hughes, a GE Company‘s (NYSE: BHGE) most recent quarterly results. (Side note:…
DetailsThe stakes on UK fixed-odds betting machines are almost the highest in the developed world. Here punters in bookies can gamble £100 a spin up to five times a minute to try to land a £500 jackpot. It is only the high-rollers playground of Las Vegas where the machine bets can be higher. There gamblers…
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