Blockchain startup SETL completes corporate restructuring programme Troubled blockchain startup SETL has completed its corporate restructuring programme, the company said in a press release dated May 03. Founded in 2015, SETL is an institutional payment and settlement infrastructure provider which uses blockchain technology. It raised $39 million till date and is backed by Citi, Deloitte,…
Adelaide Monday May 06, 2019 Sharkie office in touch with volunteer after Downer stalking charge Touch Of The Fumbles: Glass Half Full Adelaide United into A-League semi-final Protest over Shed 26 as Grand Designs host joins campaign Through the lens: the changing streets of Norwood An SA-based residential cons… Read the full article at: https://indaily.com.au/news/business/2019/05/06/supreme-court-winds-up-sa-based-homebuilder/
The ambitious large scale solar and battery storage developer Lyon Infrastructure says it has placed one of its units into voluntary administration following a legal spat with one of its investors but insists its broad plans will still go ahead. In a statement on Monday, in response to enquiries by RenewEconomy, Lyon said it had…
A former business liquidator has been sentenced to seven years jail time after he was found to have committed three counts of fraud during the liquidation of a company in 2017. As part of an investigation by the Australian Securities and Investments Commission (ASIC), the Queensland-based liquidator was sentenced on Friday after it was found…
The Brisbane District Court has sentenced David John Leigh to seven years imprisonment, after he earlier pleaded guilty to three counts of fraud under the Queensland Criminal Code. He will be eligible for parole after serving 22 months in custody. Between 25 July 2017 and 9 November 2017, Mr Leigh, a partner at PPB Advisory…
MUMBAI: The Reserve Bank of India (RBI) is understood to be weighing a plan to incentivise lenders to take errant borrowers to bankruptcy court. Its part of the regulatory countermove that RBI is working on to overcome hurdles in the wake of a recent Supreme Court ruling. A month ago, the apex court struck down…
The past six months has been a turning point for the bank. We are proactively addressing legacy issues while improving our products and services to ensure they deliver the right customer outcomes. Were exiting personal financial advice to focus on the parts of our wealth business where we have a competitive advantage, and we are…
A Maryland casinos objection to a Virginia debtors repayment plan because of a marker he owed the casino was sustained, despite a Virginia code prohibition making gaming contracts void, because Virginias public policy against enforcing gambling debts is no longer so fundamental so as to void the agreement. Background This matter came before…
Blink and youll miss itbut some high-street companies are finding ways to reduce their business rate bills. Last week two retailers proposed to ease their business rates burden using company voluntary arrangements, or CVAs, an early-stage insolvency mechanism where businesses seek better terms with creditors. Debenhams, the department store chain, is looking for a 48-50…
Tolls, pot, gambling, debt and taxes. They are among the most contentious issues in what has been an intriguing first legislative session with Ned Lamont as governor. But with five weeks left in the session, Democratic lawmakers have yet to vote on the top policy changes that they and Lamont have proposed. Bills on these…