ROCKWELL Diamonds has gone into provisional liquidation after the Kimberley High Court granted an order to discontinue the services of the stricken firms business rescue practitioner Metis Strategic Advisors. According to a note sent to Rockwell employees by Peter van den Steen, a director of Metis Strategic Advisors, there was still a chance the company…
Five people, including a prayer leader, were arrested on Friday evening for their suspected involvement in marrying off a five-year-old girl to a 15-year-old boy in Dadu’s Taluka Johi area allegedly to settle a gambling debt, police said. Shahid Ali, the father of the minor girl and a resident of Khandhani village, was amongst those…
Facebook dropped Mark Zuckerberg’s plan to restructure the company’s voting shares. James Martin/CNET Facebook is dropping a plan to restructure its stock, which would have allowed CEO Mark Zuckerberg to retain control of the company even as he planned to sell his shares for philanthropic causes. Zuckerberg said Friday he’s still committed to his philanthropic…
DEBT WARNING The rise was driven by a surge in the number of people taking out individual voluntary arrangements (IVA) for their debts THE number of people going bust last year jumped 13 per cent amid fears that the tide has turned for household finances. A total of 90,930 personal insolvencies were recorded across England and Wales,…
Facebook reportedly settled a lawsuit over Mark Zuckerberg’s voting power. James Martin/CNET Facebook is dropping a plan to restructure its stock, which would have allowed CEO Mark Zuckerberg to retain control of the company even as he planned to sell his shares for philanthropic causes. Zuckerberg said Friday he’s still committed to his philanthropic efforts,…
FAMILIES who are struggling financially are being pushed to the brink as household debt has almost doubled in the past 12 years, new data reveals. The Australian Bureau of Statistics Household Income, Wealth and Expenditure Survey found the average amount of household debt has risen from $94,100 in 2002-04 to $168,600 in 2015-16. Rising property…
More share buttons Share with your friends Share on Pinterest Prime Minister Gaston Browne of Antigua and Barbuda addresses the general debate of the General Assemblys seventy-second session. (Photo Credit: UN/Cia Pak) NEW YORK, United States, Friday September 22, 2017 Faced with a bill expected to run into the millions to rebuild Barbuda which…
Not so long, all the creditors, as well as the debtors were welcoming the move of the legislature in introducing the now most complicated Insolvency and Bankruptcy Code, 2016 (Code) but now everybody has realized that the code which is well defined procedurally is actually having many issues which need to be settled. The most…
ROCKWELL Diamonds has gone into provisional liquidation after the Kimberley High Court granted an order to discontinue the services of the stricken firms business rescue practitioner Metis Strategic Advisors. According to a note sent to Rockwell employees by Peter van den Steen, a director of Metis Strategic Advisors, there was still a chance the company…
Scandal-plagued Acquire Learning goes into administration exit The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as chair of its advisory council, went into voluntary administration on Friday on the verge of insolvency. Back in 2014 the…