Guvera CEO Darren Herft. David Rowe The 3000 shareholders in music streaming group Guvera are learning the hard way the enormous discretionary powers that rest in the hands of the ASX. When the ASX refused Guvera admission to the exchange last week it closed off an important avenue for raising capital. That was a permanent closing…
DetailsWinners were announced at a black-tie gala dinner at the Sofitel Sydney Wentworth on Thursday 28 April. Making partner is the ultimate recognition of a lawyers skills the culmination of years, sometimes decades, of dedication and effort. From starry-eyed graduates grappling with their first role to senior associates pulling all-nighters, the goal of partnership can…
DetailsBy Sophie Vorrath on 20 June 2016 One of Australias largest rooftop solar installers, Metro Solar, has collapsed, with notice published last week that the Victoria-based company would be liquidated under the administration of accounting group Hall Chadwick. In a notice dated June 15, the Australian Securities and Investment Commission (ASIC) said that…
DetailsThere are many rules investors in preferred stocks try to follow and among the most commonly followed is to never buy preferreds that trade above liquidation value. But while this is a wise move in many cases, especially among more risk-averse investors, there are some underappreciated exceptions where it can be reasonable to pay a…
DetailsBy Associated Press Published: 22:40 EST, 14 June 2016 | Updated: 22:40 EST, 14 June 2016 BUCHAREST, Romania (AP) Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpaid taxes.…
DetailsDenmarks financial regulator says it wont abide by a key principle in Europes Bank Recovery and Resolution Directive as the nation carves out its own vision for how to tackle insolvencies. While the BRRD was formulated with a view to letting smaller banks fail if they get into trouble, Denmark says it wont allow that…
DetailsMental health issues and debt are a marriage made in hell and, worse, each feeds off the other. If you or someone you know is hit by this, youre not alone. This is one of the biggest and most hidden financial problems affecting the UK. The more we talk about it, the better, so I…
DetailsLiquidation is definitely not an easy procedure and requires in-depth knowledge of the Malta accounting legislation. You may feel intimidated by the term liquidation or dissolution and what it implicates. It is definitely not an easy procedure and requires in-depth knowledge of the Malta accounting legislation. A company should contact professionals in the field to…
DetailsThe tips came to Billy Walters, the Las Vegas high-roller, by prepaid burner phones and during lunch meetings. From there some were fed to Phil Mickelson, one of the worlds most beloved golfers. The code word at the center of the scheme: Dallas Cowboys. What began with a friendship forged over gambling, golf and business…
DetailsAn armed policeman stands guard at the site where an explosion happened at Shanghai Pudong International Airport in east China’s Shanghai, June 12, 2016. (Photo: Xinhua/Ding Ting) The suspect in the Shanghai airport explosion had a large amount of gambling debt, said police on Monday. Zhou Xingbai, 29, from Tongren city in southwest China’s Guizhou…
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