I REFER to the latest bankruptcy threshold of RM100,000 in the recently amended Insolvency Act 1967 (Act 360). Raising the threshold in order to prevent bankruptcy is only part of the solution. There has to be an effective mechanism to prevent and rescue people from bankruptcy as well. Although 13 amendments have already been made…
Albury businessman and prominent racehorse owner Allan Endresz has been declared bankrupt for a fourth time, but is refusing to concede defeat in his marathon legal battle with the federal government. His latest legal setback came this week in the Federal Court where the Commonwealth had applied for a sequestrian order and Justice Jacqueline Gleeson…
An Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission…
Coca-Cola announced on Friday a workforce restructuring plan that will include voluntary job cuts. Shares of the beverage giant, which has a market value of $210 billion, rose 1% in premarket trading. The stock has fallen 12% this year. Coke said it will offer voluntary layoff packages to employees who qualify, starting with about 4,000…
Albury businessman and prominent racehorse owner Allan Endresz has been declared bankrupt for a fourth time, but is refusing to concede defeat in his marathon legal battle with the federal government. His latest legal setback came this week in the Federal Court where the Commonwealth had applied for a sequestrian order and Justice Jacqueline Gleeson…
CLOSE Crime Stoppers of Central Indiana allows Indianapolis residents to share anonymous tips with law enforcement. Here are a few things Crime Stoppers wants you to know before you call. Corrections & Clarifications:A previous version of this story incorrectly stated the status of Stahura’s resignation. He has announced his intention to resign. A longtime Northwest…
As a result of the severe impact of COVID-19 on the airport, Gatwick Airport will undertake a major business restructure, putting roughly 600 jobs at risk. London Gatwick Airport (LGW) has announced plans for a significant restructure across its business, designed to further reduce operating and staff costs in light of the dramatic impact that…
An Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission…
Date: 28.08.2020 Profit hike from lower revenues follows restructures, government subsidies The company has overseen operational changes in the past 12 months The winds of change have swept through K&S Corporation, with vast restructuring delivering a much different outlook on recent years. Last year it reported its annual net profit fell 86.4 per cent to…
Crystal Cruises proud boast was that it was the most awarded luxury line. This week, it announced a preview of the deployment for the all-suite, 62-guest Crystal Esprityacht for 2023 and through to the first quarter of 2024. It includes 35 all-inclusive luxury sailings in 2023, and 11 idyllic sojourns through the Seychelles islands and…