Related Articles GamCare has called for UK financial institutions and businesses to work together in ensuring that all gambling block loopholes are closed in order to protect vulnerable consumers. The call for collaboration, follows GamCare hosting its Gambling Related Financial Harm workshop in which diverse financial stakeholders shared insights on the design and safety features…
Property scion Daniel Grollo has avoided the humiliation of his collapsed Grocon construction empire being liquidated after the tax office and creditors of 88 failed companies voted to accept an arrangement that will see small creditors and employees paid out. Creditors met on Thursday to vote on Mr Grollos proposal for an amended Deed of…
Malawi Airlines announced (20-May-2021) plans to resume full operations in mid Jun-2021. Destinations will include Dar Es Salaam, Harare, Lusaka and Nairobi. The airline’s shareholders, the Malawian Government and Ethiopian Airlines, reached an agreement to recapitalise Malawi Airlines after its board previously declared the company to be technically insolvent. The insolvency was mainly due to…
The national insolvency firm has been appointed Asia-Pacific lead of a global insolvency network, set to benefit members by offering them easier access to cross-border insolvency specialists and business referrals. National insolvency specialists Jirsch Sutherland on Wednesday joined international insolvency network Global Restructuring and Insolvency Professionals (GRIP), where it will serve as lead of the…
Amazon.com Inc. AMZN 0.19% said it has agreed to acquire the Hollywood studio MGM in a deal that the e-commerce company is betting can jump-start its Prime Video streaming platform and position it to compete with industry heavyweights including Netflix Inc. and Walt Disney Co. The purchase, which was unveiled Wednesday morning, has an equity…
He has promised to pay creditors out in full by winning Grocons dispute with Infrastructure NSW over the botched Cental Barangaroo project. Creditors will also receive net proceeds from any asset realisation sales, including the Eureka sub-penthouse occupied by Mr Grollo, which could be worth $25 million but is encumbered by mortgages. The revised DOCA…
A self-styled wunderkind of Germanys business scene has been declared bankrupt in Dublin, where he has been studying for a doctorate in finance at Trinity College. avid Schirrmacher (28) founded an online German fashion label, Von Floerke, that went bust in 2019. He appeared on the German version of TVs Dragons Den, where entrepreneurs pitch…