A thorough debt restructuring process awaits several Dutch companies As the economic downturn ensues, more companies are struggling to meet their financial obligations whilst lenders are seeking alternatives to secure their outstanding financial claims. In this article, the authors will reiterate some of the recent short-term Dutch tax measures to improve tax liquidity, which may…
The Bank of Thailand is allowing unsecured loan borrowers to use collateral stemming from mortgage loans for debt restructuring through debt consolidation, with lower interest rates charged. The central bank has introduced an optional debt relief measure for consumer finance products as a debt consolidation method. Borrowers who have good debt-servicing ability for housing loans…
While testifying for an NSW Independent Liquor and Gaming Authoritys probity inquiry into Australian gaming operator Crown Resorts, security expert Steve Vickers stated Chinese anti-gambling laws and limits on cash flows out of the country meant it was impossible to keep triads out of the junket industry. Australian authorities are currently carrying out a public…
Dubai: In line with the restructuring process, Clean & Hygiene Centre will re-align and adapt itself as a business vertical under the flagship of C&H Global FZC. Shanavas Madathil Shanavas Madathil, Head Of Finance, C&H Center UAE, is now appointed as Chief Finance Officer (CFO) of C&H Global FZC. Shanavas, a finance expert, has been…
The number of corporate insolvency resolution processes (CIRPs) admitted by the National Company Law Tribunal (NCLT) dropped by a massive 83% during the April-June quarter on a sequential basis. While 435 cases were admitted in the final quarter of the last fiscal, only 76 cases were admitted during the first quarter of the current fiscal,…
Rules designed to save thousands of companies from going into administration during the coronavirus pandemic arelikelyto be extended. The insolvencygraceperiodis set to expire in less than 30 days. But as Australia suffers its worst economic contraction since the 1930s, plunging the country deep into recession, Treasurer Josh Frydenberg is rethinking the deadline. They were temporary…
Maddie, Cecily and Lee Ellston are now in limbo. Photo: Megan Dunn. Share this story The Ellston family had saved for years for their first ever overseas holiday but after their travel agency STA Travel went bust, they are now left with cancelled plans and a $20,000 hole in their pocket. STA Travel announced its…
The Australian federal government, like many governments across the globe, has enacted temporary legislative changes to provide relief for businesses that have been impacted by the economic effects of the covid-19 pandemic. In order to facilitate continued business operations, the changes provide companies with breathing space to respond to demands from creditors for overdue debts…
A Brisbane banker driven to the wall by a failed investment in a once prominent Darling Downs restaurant used his position at a Logan bank to forge a $23,000 cheque to satisfy a family friend hounding him for repayment of a personal loan. Parkinson man Andrew Stanley Bauer, 51, a former consultant with Suncorp Browns…
ALLAN Endresz has revealed an extraordinary plan to hire private security to keep a watchful eye on his star galloper Alligator Blood during the Sydney spring carnival. Alligator Blood has quickly established a cult following after winning nine of 12 career starts and will be a major drawcard during the spring with the $7.5m Golden…