IMF chief says ‘much more decisive’ action needed to deal with debt problems – Reuters

By Andrea Shalal 3 Min Read WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later. Slideshow ( 2 images ) IMF Managing Director Kristalina Georgieva said…

Arabtec adopts Special Resolution to apply for ‘an insolvent liquidation’ – Construction Week Online

Dubai Financial Market-listed Arabtec Holding, which confirmed going into liquidation, due to its untenable financial situation, has revealed that its general assembly has adopted a Special Resolution for the discontinuation of the company, and to authorise its board to apply to the competent court for an insolvent liquidation. In a stock market filing dated 14…

Brisbane gym operator charged with forgery and being pursued for multiple unpaid debts – Australasian Leisure Management

A bankrupt gym and construction entrepreneur previously involved in several collapsed companies is being chased by a number of Brisbane tradespeople and businesses who claim they are owed thousands of dollars for work on Fit Village facility in the suburb of Paddington. Jacob Jake Henley, described as the founder of Fit Village also appeared in…