GEORGE HEARD/FAIRFAX NZ While creditors of Stonewood Homes anxiously wait to hear whether they will be paid, the case is being cited as a reminder of directors’ responsibilities. In the wake of the Stonewood Homes collapse directors are being reminded that they face tough financial penalties if they fail to meet their legal responsibilities. Gerard Dale, a corporate…
DetailsFSA Group is investing heavily in anticipation of growth and the risks are manageable. Want to access this article for free? Sign up for a FREE 15 day trial, no credit card required SIGN UP FOR FREE The problem with FSA Group isnt that net profit fell 17% to $5.8m in the six months to…
DetailsDuring a visit to Duluth Thursday afternoon, Rep. Erin Murphy, DFL-St. Paul, called on more employers to inform people of a federal Public Service Loan Forgiveness Program. Even though the program was launched in 2007, Murphy said many people are unaware that individuals who enroll in it and work in public service for 10 consecutive…
DetailsA transport company that has been operating for more than 25 years has been placed into voluntary administration. Longfords Southern Deliveries, which is based on the south coast of New South Wales south coast, appointed external managers on February 18. Sean Wengel and Robert Whitton from William Buck have been appointed as voluntary administrators. Longfords…
DetailsThe Indian Railways will undergo structural changes in the coming months, with the Railway Minister Suresh Prabhu on Thursday spelling out a seven-pronged strategy, including an equal number of missions. The entire exercise has been named Navarambh, or a new beginning.Read our full coverage on Union Budget 2016 Read more from our…
DetailsKing & Wood Mallesons partner and lawyer of the year David Friedlander. Ryan Stuart These are the Lawyers of the Year for 2017 across all major practice areas, from corporate, tax and banking to construction, disputes and employment. A total of 2870 lawyers from more than 280 law firms nationwide can boast of their place…
DetailsThe godfather of independent film, and mentor to legions of greats from Francis Ford Coppola to James Cameron, alleges he’s owed $170 million in litigation against a financial planner who claims he’s “not the black [Bernie] Madoff.” This story first appeared in the March 4 issue of The Hollywood Reporter magazine. To receive the magazine,…
DetailsThe Dick Smith Holdings collapse is about to get ugly with National Australia Bank and HSBC having good reason to explore action against the six former directors of the company and its auditor, Deloitte. Receiver, James Stewart from Ferrier Hodgson, says there will be a “significant” shortfall on the $140 million secured debt owed to…
DetailsThe court held that if the applicant company did not manage to satisfy the requisites which it itself quoted as being Article 214(2)(a)(ii) it could not turn to another ground for liquidation I… Read the full article at: http://www.maltatoday.com.mt/business/law_report/62477/court_must_limit_itself_to_the_ground_for_liquidation_proposed_by_the_plaintiff
Details