While there has been an increase in Australian companies engaging with turnaround specialists, corporate leaders need to be more open to restructuring, Clayton Utz urges as it released its latest restructuring market report. In the From Red to Black report which looks at the state of the Australian restructuring market in FY16 and predictions for FY17,…
DetailsDavid Sanderson Lucian Freud gave the young Duke of Devonshire some gambling tips when he posed for the painter in his horrible London studio in the 1950sSTEPHAN AGOSTINI/Getty Images One was an artist on the fringes of respectable London society, racking up gambling debts with the Kray twins. The other was an Etonian schoolboy of…
DetailsAn Aboriginal corporation in Darwin that provides vital frontline services slipped into debt partly because a company supposed to give them hundreds of thousands of dollars to check dive sites for crocodiles never paid, the group’s acting chief executive says. Larrakia Nation Aboriginal Corporation acting chief executive Allan McGill has outlined how the group…
DetailsWith the Hot Stove season at a stand still thanks to the ongoing CBA negotiations, and interesting story has developed over these last few days. It seems the Dodgers are in debt, and Major League Baseball is forcing them to sell some assets in an attempt to pay down said debt. Like any frugal shopper,…
DetailsShipments of discrete graphics cards for desktop PCs have shrunk by nearly two times since 2007 and competition between vendors intensified in the recent years. As a result, some companies have tried to diversify their business while others have had to leave. Last week Point of View BV, which was a known supplier of graphics…
DetailsGreece is pushing its creditors to fix the borrowing costs on its massive debt pile at current low levels in a bid to save millions of euros in coupon payments if interest rates rise. The priority is to fix the repayments on the largest chunk of the 228 billion euros owed to official creditors from…
DetailsECB executive Benoit Coeure meeting with Greek President Prokopis Pavlopoulos in Athens on Monday.ens A top European finance official on Monday urged Greeces bailout lenders to grant the country relief on its massive debts if Athens agrees to impose tougher budget austerity measures. European Central Bank executive Benoit Coeure said the ECB was looking…
DetailsATHENS/LONDON Greece is pushing its creditors to fix the borrowing costs on its massive debt pile at current low levels in a bid to save millions of euros in coupon payments if interest rates rise. The priority is to fix the repayments on the largest chunk of the 228 billion euros owed to official…
DetailsNEW DELHI: Union Minister Arun Jaitley today said there are a lot of expectations from the new insolvency mechanism and expressed confidence that it would deliver the desired results in the years to come. The Insolvency and Bankruptcy Board of India (IBBI) has been set up under the Insolvency and Bankruptcy Code that seeks to…
DetailsNew Delhi, Nov 28 : Union Minister Arun Jaitley today said there are a lot of expectations from the new insolvency mechanism and expressed confidence that it would deliver the desired results in the years to come. The Insolvency and Bankruptcy Board of India (IBBI) has been set up under the Insolvency and Bankruptcy Code…
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