HAMBURG, Germany, Sept. 5, 2017 /PRNewswire/ — DEA Deutsche Erdoel AG, the international oil and gas company wholly owned by LetterOne, today announces the appointment of Maria Moraeus Hanssen as its new CEO and Chairman of the Management Board. The appointment is expected to take effect in January 2018, when Maria Moraeus Hanssen succeeds Thomas…
Ten Network’s board knew James Packer was not willing to continue as a shareholder guarantor a full six months before the company went under. A second creditor’s report released this week includes fresh detail on the demise of Ten including that Mr Packer had signalled in mid-January that he wanted no part in any new…
UPDATE, 8.30am: THE CFMEU is calling for a government inquiry into Roads and Maritime Services (RMS) tendering procedures after the collapse of the second sub-contractor on the Pacific Highway upgrade. Initial investigations by the CFMEU into the most recent collapse this week suggest a sub-contractor may have fraudulently provided statutory declarations claiming to have paid…
Prime Minister Narendra Modi and Chinese President Xi Jinping will hold their first substantive bilateral meeting today after the Doklam standoff, which had put India-China ties under strain. Heres a lowdown on nine macro triggers that are likely to impact the market on Tuesday. This report was compiled from agency feeds. Jaypee Infra Insolvency Prceedings…
The family behind the failed Diploma Group and its provisional liquidators are seeking to have the company excluded from a potential wind-up order to attempt a rescue plan. A Federal Court judge is set to rule tomorrow on whether the builder-developer which collapsed last year and 19 other Diploma entities will be placed into liquidation.…
THERES nothing worse than feeling overwhelmed by debt. It is a harrowing experience which can seem to have no end. But there is a solution. It is never quick or easy, but you can take control of your money and secure your financial future. CHRISTMAS: Book travel now for best holiday deals Our six-step debt…
Severn Trent, one of the few FTSE 100 companies to be led by a woman, has promoted two female executives in a management restructuring which has, however, cost a fourth woman her job on the board. The water company, led by Liv Garfield, is restructuring its regulated business in to three divisions. Sarah Bentley, the…
The Australian Taxation Office recently announced that it will take timely and stronger action against small businesses with outstanding debts. With stricter ATO penalties looming, staying on top of your returns is now more important than ever. Aside from initial penalties and your tax debt accruing interest, being behind on payments can start to negatively…
NEW DELHI: The National Company Law Tribunal on Monday ordered the initiation of insolvency proceedings against fund starved Amrapali’s Sillicon City on a plea from Bank of Baroda and appointed Rajesh Samson of Deloitte as the Insolvency Resolution Professional to take control of the entity controlled by Anil Sharma. Amrapali is the second major real…
NEW DELHI: The Supreme Court on Monday stayed insolvency resolution proceedings against Jaypee Infratech on a plea by buyers of homes in its projects in Noida, restoring the developers original board of directors and ordering resumption of all consumer cases filed against the company and its promoters. The court issued notices to Jaypee, its parent…