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Daily Archives: May 30, 2017

MBS sues Chinese Olympic gold medallist for gambling debt – GGRAsia

GamblingBy Insolvency GuardianMay 30, 2017

May 30, 2017 Newsdesk Latest News, Rest of Asia, Singapore, Top of the deck &nbsp Singapore casino resort Marina Bay Sands (pictured) is taking a former Chinese Olympic gold medallist to court in Hong Kong for failing to repay a gambling debt, reported media in Hong Kong. Marina Bay Sands is seeking to recover…

Greek finance minister: creditors must keep promise on debt relief – Public Finance International

Debt HelpBy Insolvency GuardianMay 30, 2017

Euclid Tsakalotos stressed that the country had done its part, passing yet another series of austerity measures at the behest of its European lenders and the International Monetary Fund a condition required in return for the next tranche of loans. Despite Greece conceding to and fulfilling these terms, which it had originally rejected, talks to…

Greece denies report it may opt out of receiving more bailout money – Reuters

Debt HelpBy Insolvency GuardianMay 30, 2017

Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms. Tuesday’s report in Germany’s mass-selling Bild that Athens could opt to go…

Bank-friendly insolvency regime challenged by new laws – The Sydney Morning Herald

BankruptcyBy Insolvency GuardianMay 30, 2017

Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders. The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul…

Kong Linghui suspended as Chinese women’s table tennis coach – Xinhua

GamblingBy Insolvency GuardianMay 30, 2017

Video PlayerClose BEIJING, May 30 (Xinhua) — Former Olympic champion Kong Linghui has been suspended as head coach of the Chinese women’s table tennis team following a lawsuit over a gambling debt filed by a Singaporean hotel, the Chinese Table Tennis Association announced on Tuesday. Kong was ordered to return home from the World Championships…

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