A group of investors in Aspen Kitchen has taken legal steps to dismiss its bankruptcy on the grounds that it was filed without their consent and reflects a power struggle in the companys ownership structure. Separate motions were filed Thursday by AH DB Kitchen Aspen Investors and Hanford Holdings, both of which claim to have…
Developer Ray Grehan used the law firm at the centre of the Panama Papers investigation to shield assets from the National Asset Management Agency (Nama). Mr Grehan did not disclose to the agency his quarter share in a 50 million Dutch casino when it took over his debts of 300 million in 2010. He transferred…
Arrium Ltd (ASX: ARI) could be about to fold into voluntary administration as early as this afternoon. A report by the Australian Financial Review (AFR) states that the companys banking syndicate have agreed to lend the steel and iron ore producer an additional $400 million, but only if the company delivers itself into the hands…