Video will begin in 5 seconds. More video Recommended Replay video Thomas speaks about his gambling addiction Gambling reform advocate Tom Cummings tells a cautionary tale about his gambling addiction in a video publicising the issue. More information: www.problemgambling.gov.au (Video: Department of Social Services) PT3M51S 620 349 Until the day they sat in front of a…
DetailsNWR’s bondholders have refused to extend the covenant waiver further and have declared the group in default of its debt obligations. By Robert Anderson in Prague April 25, 2016 Bondholders and majority owners of London-listed New World Resources (NWR) declared the Czech coalminer in breach of its debt convenants on April 25… Read the full article…
DetailsA judge has declared Daniels shopping complex in amrun as insolvent and ordered it to be closed down. Legal action was taken filed in 2014 by one of the owners creditors, Panta Contracting Ltd, over an outstanding debt of 1.5 million. The court heard that, apart from this debt, the owners of…
DetailsThe CEO of Queensland based distributor E3 Style Vanessa Garrard claims that her Company, has not been placed into liquidation, she claims that E3 Style, which is suffering from cash flow problems, was deliberately placed into voluntary administration. Garrard claims that the Company became the largest licensed electronics distributor in Australia and that her Company…
DetailsReuters on April 25, 2016, 8:07 am By Makiko Yamazaki and Junko Fujita TOKYO (Reuters) – Toshiba Corp , in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc…
DetailsToshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way so that it could book the 665.5 billion yen ($5.95 billion) proceeds before…
DetailsMUMBAI: The Sri Adhikari Brothers (SAB) Group, owned by Gautam and Markand Adhikari, has completed its business restructuring and is ready to list two new resulting companies TV Vision and SAB Events and Governance Now (SAB Events) on the bourses. These are in addition to the existing listed entity, Sri Adhikari Brothers Television Network. “We…
DetailsThe trustee of the bond issued by Canadian real estate company Urbancorp in Tel Aviv, Reznik Paz Nevo Trusts Ltd., filed an application today for an injunction forbidding any disposition in Urbancorp’s assets. Tel Aviv District Court judge Eitan Orenstein granted the application and issued the injunction. At the end of last week, Urbancorp filed…
DetailsJONO GALUSZKA Relevant offers The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor…
DetailsBritish retailer BHS could file for insolvency tomorrow, 25 April, putting thousands of British jobs are on the line. The company employs 11,000 people and operates 164 stores in the UK. Despite ongoing talks with Sports Direct to buy some BHS sites, reports suggest that any buyer would only consider a purchase if it did…
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