Kate Hesson Redundancies are generally made to save a business financial cost but they add a human cost for business leaders who must make people redundant, for team members who must leave and for those who may stay. In the current economic climate, it is likely that we know at least one person from one…
Last month, the U.S. House of Representatives passed the HEROES Act, a $3-trillion stimulus bill, that would include additional relief for those with student loan debt. But its unlikely to pass the Senate in its current form. Several Senate Republicans have publicly stated they wont support the legislation, including Senate Majority Leader Mitch McConnell (R-Ky).…
A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japans Mt. Gox exchange collapse, and more recently with the failure of Italys BitGrail exchange. Thus, it could happen again. Indeed, the paper…
Image Credit: Supplied Dubai: Shuaa Capital has strengthened its specialised corporate restructuring service to support the re-energising of the business sector. Specially created to address the frozen credit markets resulting in liquidity issues and potential insolvency concerns faced by many businesses impacted by Covid-19 the corporate restructuring solutions open doors for businesses to new credit…
A fraudster who was fined more than 1m and declared bankrupt over a separate scam costing investors 3.7m has been approved by City regulators to run a new financial company. Samuel Nathan Kahn, 49, was fined 1.1m in 2011 by the Financial Services Authority (FSA), the regulator at the time, for inflating a companys share…