Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner – Yahoo7 News

By Jarrett Renshaw Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner NEW YORK (Reuters) – U.S. President Donald Trump has called a cabinet-level meeting early next week to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to…

Collapse of shopping centre kiosk business John’s Nuts has left franchisees in “terrible condition”, says administrator – SmartCompany.com.au

The administrator of collapsed snack business Johns Nuts says franchisees have been left in a very challenging condition after the company entered voluntary administration at the end of January. On January 30, Michael Caspaney of Menzies Advisory was appointed to the five companies that operate the Johns Nuts business, a kiosk-style snack food operator that…

Increased liability for managing directors bow wave theory rejected by court – International Law Office

Introduction Illiquidity Bow wave theory Decision Consequences for practice Introduction German regulations obliging managing directors to monitor the liquidity of a company during crisis situations are typically rather strict and give rise to the risk of personal liability in cases of non-compliance. Legislation requires company management to file for insolvency proceedings without undue delay in…

Seychelles for sale: Island nation sets up two protected marine zones in exchange for international debt relief – Telegraph.co.uk

It sounds like a far-fetched concept from a movie – an ecological project which sees a remote country trade some of its unspoiled “terrain” for a financial aid package that is backed by four of the planet’s most significant economies and a world-famous film star. But the plan which is currently taking shape in the…

Seychelles preserves swathes of marine territory in debt-for-nature deal – Reuters

VICTORIA (Reuters) – The island nation of Seychelles designated some of its fragile coastal areas for protection from commercial fishing, oil exploration and development this week in return for a novel deal relieving it of part of its sovereign debt. The Indian Ocean island, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt…

Spitting chips: Sydney casino LOSES cheques worth $7m after Chinese high roller fails to pay huge gambling debt – Daily Mail

By Stephen Gibbs for Daily Mail Australia Published: 17:09 AEDT, 22 February 2018 | Updated: 21:42 AEDT, 22 February 2018 e-mail 24 View comments Sydney’s Star casino lost or destroyed two cheques totaling $7million it was given as security by a high-rolling Chinese gambler. The casino admitted in the New South Wales Supreme Court the…