James Hurley, Enterprise Editor The Cambridge-based business raised £967,130 on Crowdcube A solar business that raised £1 million from almost 400 individual investors through crowdfunding less than 18 months ago has collapsed into insolvency. In one of the largest failures of a crowdfunded business in the UK, administrators have been appointed at Solar Cloth Company.…
DetailsAreva, one of the French companies at the heart of the controversial Hinkley Point C nuclear project, has unveiled plans to break itself up into three parts in a bid to stem huge losses. The 87% state-owned atomic engineering and uranium mining company is hoping to raise 9bn (£7bn) from the government and from selling…
DetailsAreva SA, Frances state-controlled nuclear energy company, announced its restructuring plans Wednesday, which will see it split into three smaller companies and raise about 8 billion euros (about $9 billion) in fresh capital. The company, which has made losses for the last five years, will also sell its non-core businesses to raise some of the…
DetailsDavid Rowe Gaming billionaire James Packer plans to unlock up to $4.5 billion in shareholder value and turbo-charge the Crown Resorts dividend yield with a blockbuster restructuring package that will blow away his critics. In one fell swoop, Packer will put an end to suggestions that he has lost interest in his Australian gaming business,…
DetailsBy Reuters Published: 16:51 EST, 15 June 2016 | Updated: 16:51 EST, 15 June 2016 SOFIA, June 15 (Reuters) – These are some of the main stories in Bulgarian newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. — Bulgaria’s rhythmic gymnastics athlete Tsvetelina Stoyanova, member of the…
DetailsWASHINGTON (AP) The Supreme Court ruled Monday that Puerto Rico cant restructure more than $20 billion in public debt as it tries to overcome a decade-long economic crisis. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure the debt of its financially ailing public utilities. The…
DetailsProfile Articles Activity Catherine Brown is a Lecturer with Griffith University, specialising in insolvency, corporate and taxation law. She holds a Master of Laws (QUT) as well as honours degrees in both Law and Accounting (SCU). Catherine has had extensive experience with the Queensland and NSW Government sectors as an accountant, auditor and business manager.…
DetailsThe proposed federal government changes to insolvency that reduce the bankruptcy period from three years to 12 months need to be questioned. It has been argued the shortened default period will have the desired impact on encouraging entrepreneurial activity and reducing the associated stigma of being a bankrupt. While this may indeed allow a bankrupt…
DetailsHow will HELP debts and student loans change after the election? The Conversation 15 June 2016 No matter who wins, university students are likely to end up paying more, as the Grattan Institute’s Andrew Norton explains. Whichever party wins the 2 July election, changes to the Higher Education Loan Programme (HELP) scheme are on their…
DetailsAfrica Israel, bondholders remain far apart on debt relief Africa Israel Investments and its bondholders remain far apart about debt relief for the financially troubled property developer. … Read the full article at: http://www.haaretz.com/israel-news/business/.premium-1.725060
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