Gift card holders have been left out in the cold by the Dick Smith collapse. Photo: Josh Robenstone Australia’s largest investment bank has backed a proposal to secure funds from the sale of gift cards in a trust so customers are not left empty-handed if the business collapses. The suggestion was made after customers were left with thousands of dollars…
DetailsExposing tax dodgers is a worthy endeavor, but the limited hangout of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the Panama Papers, leaked from a Panama law firm specializing in shell companies, has triggered…
DetailsKEYS HANDED OVER: Arrium’s Whyalla steelworks are now in the hands of a voluntary administrator. Photo: David Mariuz The owner of the Whyalla steelworks, Arrium, has been put into voluntary administration by the embattled group’s board, throwing into doubt the future of thousands of jobs at the steel plant in the northern South Australian regional city. The…
DetailsLOCAL telecommunications firm, Firstel Cellular, has approached the High Court seeking an order for provisional liquidation after being inundated by debts amounting to $12 million. BY CHARLES LAITON Firstel company secretary Tamuka Madzore, in an application filed in February, urged the court to consider their application arguing the firm was in dire need of assistance.…
DetailsThis paper analyses the corporate insolvency resolution procedures of India, the United Kingdom and Singapore within a common framework of well-specified principles. India, at present, lacks a single, comprehensive law that addresses all aspects of insolvency of a firm. It has multiple laws, regulations and adjudication fora, each of which have created opportunities for debtor…
DetailsExposing tax dodgers is a worthy endeavor, but the limited hangout of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the Panama Papers, leaked from a Panama law firm specializing in shell companies, has triggered…
DetailsDAVID Cameron is right. He only has himself to blame for the crisis of confidence which is in danger of turning the June 23 referendum on Britains European Union membership into a vote on the Prime Ministers trustworthiness and probity of his personal finance arrangements. If he had been open with people at the outset…
DetailsSir, I read with interest Conor Popes article Distressed borrowers share their stories (April 4th), regarding a public meeting in Portlaoise on April 2nd, which was called to highlight the plight of people facing repossession proceedings in Ireland. The article described the very real human impacts that debt can have on individuals at a physical…
Details(ANSA) – Verona, April 7 – The opera company that stages concerts and shows at Verona’s ancient Roman arena is going to be put into liquidation by the Verona Arena Foundation, ANSA sources said on Thursday. The move follows Wednesday’s rejection by workers of a cost-cutting agreement signed by the foundation and trade unions. Workers…
DetailsBathindaPosted at: Apr 11, 2016, 12:29 AM; last updated: Apr 11, 2016, 12:29 AM (IST) Launching of new scheme She said from Monday onwards, the Punjab Government would launch the Bhagat Puran Singh Health Insurance Scheme, which was part of a series of pro-farmer initiatives the government had launched Terming the hurling of shoe on…
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