Clive Palmer instructed Queensland Nickel to pay him nearly $15 million and the troubled company spent millions more on vintage cars, a report by administrators has found. Key points: Creditors to vote on whether to liquidate Queensland Nickel, after administrators recommend it Company owes about $74 million to sacked workers Report says vintage cars…
A new wave of activism against student debt is on the move again this week. The students taking the lead represent the advance guard of an even more massive army which is mobilizing around the idea that higher education should be an investment we make as a society. And that new movement is warning that…
Yahoo7 and Agencies on April 12, 2016, 10:20 am Clive Palmer’s company Queensland Nickel has been recommended to go into liquidation after creditors reported debts in excess of $100 million. FTI Consulting says it has advised creditors to vote to wind it up at a meeting later this month, adding its corporate duties may have…
Related Story: Palmer had final say on millions spent at refinery, emails reveal The administrators of Clive Palmer’s Queensland Nickel have recommended liquidating the company in a report to creditors. The company, which previously ran the MP’s Yabulu nickel refinery, owes in excess of $100 million to creditors. FTI Consulting’s final…
Insolvency and restructuring firms are circling Peabody Energy’s Australian arm, with the unit expected to appoint advisers and push ahead with a restructure as early as this week. The United States-listed Peabody Energy flagged that it was on the verge of Chapter 11 bankruptcy last month and sources told Street Talk the situation was poised to…
A DELOITTE insolvency expert has told a court how the loans between Kleenmaid-run companies brought the company down. Richard Hughes, a Deloitte financial advisory partner, told the Brisbane District Court on Monday a web of loans ensured that when one Kleenmaid-run company was declared insolvent, the many others collapsed with it. Former Kleenmaid directors Andrew…
We have the highest unemployment rate weve had in 20 years and the only province facing a decline in its GDP, said Karen Wyke, a partner with Fasken Martineau DuMoulin LLP, speaking at the Canadian Corporate Counsel Association last week. Wyke was part of a panel discussing recurring themes faced by in-house counsel in the…
MADISON, Wis. (AP) Wisconsin Gov. Scott Walker says hes thrifty and is offering T-shirts for craft projects while asking donors to help pay off the $1.2 million debt from his short-lived presidential campaign. The Republican sent an email to donors Sunday saying, if there is one thing the American people learned about me during our…