By Shinovene Immanuel Leaders at the broke TransNamib threatened to cut jobs and declare bankruptcy earlier this year in what appears to be blackmail to arm-twist government into paying N$240 million as bailout. This is according to details contained in confidential documents of a board meeting dated 23 February 2017. The meeting took place when…
A charity that looked after the state’s most traumatised children 24 hours a day in return for millions of dollars in public funding subcontracted large parts of its operations to a company co-directed by a convicted murderer. The agreement has been revealed in a creditors report obtained by Fairfax Media, which found the financially troubled Guardian Youth Care charity had faced allegations…
MUMBAI: Essar Steels insolvency proceedings could turn into a test case for Indias bankruptcy framework with lenders differing on the choice of the so-called interim resolution professional (IRP), the entity that will oversee the exercise, according to two people with knowledge of with the matter. One of these is an unsecured lender and has apparently…
LEADERS at the broke TransNamib threatened to cut jobs and declare bankruptcy earlier this year in what appears to be blackmail to arm-twist government into paying N$240 million as bailout. This is according to details contained in confidential documents of a board meeting dated 23 February 2017. The meeting took place when the company only…
On the morning of May 21, 2007, Andrew Grech stood in front of the board of the Australian Securities Exchange in his home town of Melbourne to mark a globally historic moment for the legal profession. Slater & Gordon, founded in 1935 to protect Victorian workers, was blazing a trail by becoming the first in…
Salim Mehajer has lost his urgent court bid to remove administrators appointed to two of his companies, as creditors clamour for almost $100 million from the property developer and former deputy mayor. In a decision delivered on Friday afternoon, Supreme Court Justice Stephen Robb declared administrators were validly appointed to Mr Mehajer’s companies Sydney Project…
Related Story: Australians have never been wealthier, ABS data suggests Related Story: Distribution of debt poses new trigger to housing market Rising mortgage debt is affecting everything from employment to spending as Australians approach retirement, our study has found. Higher levels of housing debt among pre-retirees are linked to…
UAE Sheik failed to pay for renovation of iconic King Edward, claims builder The controversial foreign owner of Port Elizabeths iconic King Edward Hotel has been accused of allegedly failing to pay more than R1-million worth of bills for renovation work on the hotel. Port Elizabeth attorney Lunen Meyer confirmed yesterday that he had…
By Kai Sedgwick, ContributorPublished: June 26, 2017 12:24 EST | Updated: June 26, 2017 12:24 EST Share this: Man arrested in Queensland allegedly caught with cash and casino chips Case reportedly involves former mayor, and up to $5 million in gambling debt It has been reported by the Brisbane Times that police in…