News that Australias third-largest pizza chain Eagle Boys has been placed in administration suggests a bleak future may lie ahead for the company. Administrators have indicated they are in the process of identifying restructuring measures”. But research by ARITAs Mark Wellard (formerly from QUT) on the effectiveness of voluntary administration indicates that a sustainable rescue…
DetailsAodhan OFaolain Breifne O’Brien convinced people to invest millions of euros in bogus dealsMARK STEDMAN/ROLLINGNEWS Breifne OBrien, the convicted fraudster, has been declared bankrupt by the High Court. The former businessman was given a seven year prison sentence in 2014, which he is currently serving, for convincing people to give him millions of euros for…
DetailsFAIRFAX NZ Robert Han stabbed his son and daughter to death, along with their mother. Nicholas Han, four, and his little sister Christina, two, died on August 8, 1999 in Manukau. Their grandparents remember a smart, playful boy, and a girl who love to cuddle up in bed with them. Josh Fagan reports for the Faces…
Details[embedded content] Love him or loathe him, the Donald is the man of the moment. He defines himself as the archetypal businessman: a rags to riches American dream made real. His bluff, swagger, and unrestrained self-belief have taken him to the top of the political greasy pole. Donald J. Trump is one election away from…
DetailsUK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…
DetailsThe High Court has adjudicated convicted fraudster Breifne O’Brien as being a bankrupt. In 2014 the former businessman was given a seven year prison sentence, which he is currently serving, for inducing others to advance millions of euro to him for investment in bogus property deals. O’Brien with an address at Monkstown Grove, Monkstown, Co…
DetailsTraders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, July 22, 2016. Reuters/Staff/Remote World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use “all policy tools” to lift global growth. The signals helped…
DetailsBy Press Association Published: 20:23 EST, 25 July 2016 | Updated: 20:23 EST, 25 July 2016 The estate of the late Russian oligarch Boris Berezovsky is “hopelessly insolvent” a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors’ claims run into hundreds of millions of pounds.…
DetailsThe estate of the late Russian oligarch Boris Berezovsky is hopelessly insolvent, a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors claims run into hundreds of millions of pounds. The judge outlined financial facts in a ruling on the latest stage of litigation involving insolvency…
DetailsThe Gibraltar Financial Services Commission (GFSC) has directed Enterprise Insurance Company, under section 105 of the Financial Services (Insurance Companies) Act, to cease writing any new insurance business or contracts after the company was declared insolvent. GFSC has also issued certain directions under Section 100 of the Financial Services (Insurance Companies) Act that prohibits Enterprise…
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