After selling its stake in KG gas block to ONGC for USD 1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director J N Singh said. The Gujarat government firm, which is saddled with nearly…
Readers will recall that on 23 September 2016 we posted an article about recognition under the UNCITRAL Model Law on Cross-Border Insolvency (Model Law) of the Korean rehabilitation proceedings for Hanjin Shipping. After granting interim recognition of the rehabilitation proceedings in September 2016, the Federal Court granted final recognition orders on 11 November 2016. The…
THE silly season might be over but the debt hangover is not for thousands of Australians who are expected to pay the price for festive splurges well into 2017. Roy Morgan research for The Salvation Army suggests 1.8 million people will take two to three months to pay off their Christmas credit card debt and…
We thus suggest you take the time to acquire one: A Labour government will take failing care homes into public ownership to protect social care provision, Jeremy Corbyn is to promise. The Labour leader will warn the social care system is at “serious risk of breakdown” unless the Government invests more money. OK, maybe there…