Tuesday 20 March 2018 UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has ordered the formation of a committee to oversee the financial restructuring of companies in the country. The resolution follows the introduction of a bankruptcy law at the beginning of last year designed to help businessmen…
Gambling is more than a popular pastime in Ireland. It is a multi-billion dollar industry employing more than 6,000 people across thousands of bookmakers, casinos, and gaming arcades. In fact, the gambling industry is one of the largest in the country, with punters betting more than 5 billion a year. The surging popularity of gambling…
Former Auburn deputy mayor Salim Mehajer has been declared bankrupt by the Federal Circuit Court. The liquidator of his failed company SM Project Developments launched legal action against him in November over a $200,000 debt. The bankruptcy application was supported by a range of creditors, including the Australian Tax Office and Prime Marble & Granite…
Tue, Mar 20, 2018 – 11:37 AM SPH Magazines, the magazine arm of Singapore Press Holdings, will lay off 13 staff members this month as part of a major restructuring exercise. This comes amid efforts to prepare its suite of magazines for a digitally-driven future, the company said in a statement on Tuesday. SPH Magazines…
Former Auburn deputy mayor Salim Mehajer has been declared bankrupt by the Federal Circuit Court. The liquidator of his failed company SM Project Developments launched legal action against him in November over a $200,000 debt. The bankruptcy application was supported by a range of creditors, including the Australian Tax Office and Prime Marble…
SPH Magazines has reported that it will launch a major restructuring exercise to prepare its suite of magazines for a digitally-driven future. With the restructuring, the groups staffing will be right-sized from 379 (as at Aug 2017) to about 300. This reduction has largely already been achieved through ongoing staff attrition and redeployment. However, 13…